Hawaii engineering giant buys 161-acre parcel primed for residential development

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An affiliate of Hawaii engineering giant R.M. Towill Corp. has purchased a 161-acre parcel in Kunia in Central Oahu that’s approved for the development of up to 1,000 homes, public records show.
Earlier this month, RP2 Ventures LLC, which traces back to one of the largest engineering firms in Hawaii, finalized its $10.2 million purchase of the 161 acres adjacent to the Royal Kunia Country Club.
A partnership involving California’s Canyon Capital Realty Advisors was the seller. The land is part of the long-delayed second phase of the Royal Kunia master-planned community.
The development stalled in 2003 when Hawaii developer Herbert Horita’s Halekua Development Corp. got into some financial troubles.
The vacant land has a total assessed value of $16.6 million.
R.M. Towill, which was founded in 1930, provides such services as civil engineering, water and wastewater engineering, surveying and mapping, planning and permitting and construction management.

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