Pacific Business News - Target Corp. has reached an agreement to build its fifth Hawai'i store--and first on Maui--in a shopping center being built by a subsidiary of Safeway Inc.
The Target store, scheduled to open in March 2015, will serve as the anchor retailer of a Central Maui shopping center being developed by Property Development Centers, the wholly owned real estate subsidiary of Safeway Inc.
Target Corp. is purchasing about 12 acres of the 24-acre site for its 141,240-square-foot store.
The Target store, scheduled to open in March 2015, will serve as the anchor retailer of a Pu‘unēnē Shopping Center in Kahului.
The Pu'unene Shopping Center in Kahului, the most densely populated area on Maui, will include a mix of local and national retailers, restaurants and service providers. Other tenants have not yet been announced.
CBRE Group Inc. Hawai'i is handling leasing for the 613,455-square-foot center.
Property Development Centers reached an agreement to buy the land from Honolulu-based Alexander & Baldwin Inc., but Safeway doesn't plan to build one of its own stores on the property.
In 2006, Minneapolis-based Target reportedly targeted Kihei for its first Maui store, but those plans fell through.