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Most all of the Keaau Town area land is under Shipman Lease, & all but a few of the buildings (I only know of McD & Spoonfuls) are also owned & leased by Shipman...
For a company that could own the buildings outright (with only the tax lien o each unit) holding one storefront unit open for months or years is not a deal breaker, would be a different issue is there is high debt on the Keaau Shopping Center, something I doubt (& having only a couple of units vacant (less than 20% vacancy) in a shopping center is actually really good....
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It has been years since I have been to this strip mall. Traffic and parking are a nightmare, no thanks.
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quote:
Originally posted by Punatic007
Whomever owns the Keaau strip mall have proved themselves to be the epitome of greed and by all rights and purposes should be feeling shame. Decade after decade I have personally heard from owners of the space currently vacated by Genki Keauu that the rent was simply too high.
It will again sit unoccupied until another optomistic fool thinks all is well with the world, the insanely high rent will be appeased and he/she will embark upon another restaurant dream.
If people complained about the high rent, why did they bother to rent it in the first place? No one with any business sense would pay a rent so high that they wouldn't be able to be a viable business.
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In August I went with 9 months max for their lifespan. Anyone else get closer? Think I'm the winner of the poll!! What is my prize? A big greasy plate of bland lousy Asian food? http://www.punaweb.org/forum/topic.asp?TOPIC_ID=22458&whichpage=4&SearchTerms=genki%2Cbuffet
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quote:
Originally posted by Kapoho Joe
It has been years since I have been to this strip mall. Traffic and parking are a nightmare, no thanks.
Agreed. I only go there when I have to, and that generally means picking up at Pizza Hut. We are half way between Keaau and Pahoa, and if I need "a few things" from a grocery store I don't think they'll have in Orchidland, I'll drive to the Malama and pay higher prices than deal with the Keaau parking lot. It's a hate crime waiting to happen.
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Shipman Family did own 70,000 acres in Puna at one time, W.H. bought the entire ahupa'a of Kea'au from King Lunalilo for $20K..... would make sense they own some prop/land now too. Mainland transfer kooks, please leave this important Puna family alone, you lucky you got your cheap arse one acre in HPP or 3 acres in Orchidland or Hawaiian Acres from them... who says they have to sell anyone anything anytime anywhere.. they aint as dumb as the Parker family, but then again not as smart as the Robinsons of Ni'ihau/Kauai either.... but they are good for the community... even with the cheap land prices, we still have wide open spaces because of them NOT selling their holdings.... aloha
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save our indigenous and endemic Hawaiian Plants... learn about them, grow them, and plant them on your property, ....instead of all that invasive non-native garbage I see in most yards... aloha
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save our indigenous and endemic Hawaiian Plants... learn about them, grow them, and plant them on your property, ....instead of all that invasive non-native garbage I see in most yards... aloha
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Puna people take more time to actually drive miles farther and pay higher prices at a smaller inferior store just to avoid a parking lot?? Wow!
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save our indigenous and endemic Hawaiian Plants... learn about them, grow them, and plant them on your property, ....instead of all that invasive non-native garbage I see in most yards... aloha
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save our indigenous and endemic Hawaiian Plants... learn about them, grow them, and plant them on your property, ....instead of all that invasive non-native garbage I see in most yards... aloha
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quote:
Originally posted by bananahead
Shipman Family did own 70,000 acres in Puna at one time . . . Mainland transfer kooks, please leave this important Puna family alone, you lucky you got your cheap arse one acre in HPP
My own "mainland transfer kook" opinion is that the Shipman interests are a mixed bag. They maintain a stanglehold on commercial development in and around Keaau as a natural result of owning the whole place for miles around. They used proxies such as the Watamulls for selling off the sprawling subdivisions like HPP and apparently for handling a sublease on the Keaau shopping center that everyone loves to hate. All of that is perfectly legal, but the way it turned out has been some good (cheap lots) and some bad (overpriced commercial space in a shopping center with inadequate parking.) And I won't even start on the knock-on issues of what happened when people actually decided to live on the cheap lots.
On the other hand, Shipman is actively promoting agriculture through reasonably priced land leases. I know two farmers who lease from them and are doing well. This is a very good thing, and one of the few bright spots both in terms of the general economy and sustainability. Again, it becomes a mixed bag to some people when Shipman has consistently opposed an alternate route through their land by arguing that it would disrupt that agricultural activity. I have to believe their argument because having access to a new highway would exponentially increase the value of some marginal land, should they choose to develop it. That they don't choose to develop it speaks well for them, at least in the intermediate term.
And bananahead, your prejudice is showing again. I would never make a blanket negative comment like that about locals. That would be racist.
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Chuckster...the cheap lots you are referring to are, & always have been zoned ag land...
Shipman has also sold off land that was zoned residential, so if you wanted a small parcel for ag endeavors, WITHOUT the higher cost of residential zoned lands, you could chose to buy an ag zoned lot, if you wanted residential services, you could choose the higher cost for those services -higher because the subdivider must include higher cost upgrades like road that meet specs, water, fire hydrants for zoning approval ...
I know most of you are amazed about this, but most states have areas that have small ag zoned lots (like HPP & acres) that have no residential services....BECAUSE THEY ARE ZONED AG!!!
I lived most of my life in ag zoned areas on the mainland, un-incorporated, without city or residential services...believe me, the services you get here are far superior to those you get in most states when you live in an un-incorporated area...NO SERVICES that you do not pay separately for, not only roads & road maintenance, but library, recreation, pool, heck we did not even have police, ambulance or fire protection...had to pay ( thousands per call ) every time we used their services... sounds like a "no biggie" until you need it!)
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Carey makes a good point.
In one place I lived, the city services ended at a particular street. So if your house was burning on one side of the street, the fire dept would come put it out. If a house burned on the other side of the street, they weren't allowed to. The crazy thing was, the fire dept would come out to make sure the fire didn't spread to "their" side of the street while watching a house burn down on the other side.
Granted, this was only "hypothetical" because it hadn't happened yet, but I was talking to a firefighter as he explained the rules to me, if they responded to the side of the street that wasn't covered, and in the 1-in-a-million chance another call came in from a covered area, they couldn't handle the liability of putting out a fire in an uncovered area while a taxpayer's house burned. They also couldn't handle the liability if a property owner on the uncovered side of the street were to sue them for putting out a fire they didn't have jurisdiction to do so. Common sense loses every time.
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