Showing posts with label Development. Show all posts
Showing posts with label Development. Show all posts

Wednesday, January 14, 2009

DoD May Have to Compete With Developers

DoD may have to compete with developers
Thursday, 15 January 2009
By Mar-Vic Cagurangan
Variety News Staff

THE Department of Defense might have to compete with private developers and the Guam International Airport Authority for the acquisition of Yigo lands, which are being considered by the military as a potential site for a new firing range.

Rolenda Faasuamalie, public information officer for GIAA, said the airport authority is eyeing a portion of the target property as the site of the $16 million municipal airport project to be funded by the Federal Aviation Authority.

GIAA was among the three bidders that responded last year to the Guam Economic Development and Commerce Authority's solicitation for lease and development of the 395-acre property owned by the Chamorro Land Trust Commission and Ancestral Lands Commission.

"We received a notification that we ranked third, but we're not aware of the current status of the bidding selection," Faasuamalie said.

She added that FAA-funded studies have already identified the ancestral lands on Route 15 as the most ideal site for the municipal airport project, which is part of the government's aviation enhancement initiative.

Faasuamalie said the proposed municipal airport will be designated for private small aircrafts so that don't they mix with commercial planes as they do now at the existing airport.

"We're being optimistic about the future, and trying to meet our space and capacity," she said. "It would require that the government give us authority to use the land."

Faasuamalie said GIAA has not identified an alternative site for the municipal airport.

GEDCA
Mike Cruz, manager of GEDCA's Real Property Division, said the selection committee has evaluated the bidding proposals and ranked the bidders, accordingly, but no final decision has been made.

"We have to go into negotiation with the first ranked bidder, but we haven't started yet. We have to get together with the negotiating team which will include the Ancestral Lands Commission," Cruz said.

He confirmed that GIAA was among the bidders but declined to identify the two other bidders.

"We will negotiate with the No. 1 bidder first, and if it didn't work out, we would proceed with the ones next in line," Cruz said.

He said the developer that will eventually be awarded the lease would be allowed to use the property however it wants.

"We don't limit how private developers want to use the property. We believe the private sector knows the market," Cruz said.

The Land Trust property and the roughly 250 acres of land being occupied by the Guam International Raceway are currently being surveyed by military contractors.

The Joint Guam Program Office has confirmed that DoD is considering those properties for the construction of non-live fire training facilities.

"We have authorized (the military) to access the property and take a look at these areas. They told us that they're looking at these properties as part of the (environmental impact assessment)," Cruz said. "But they never said they will acquire or use it."

Tuesday, November 13, 2007

Pago Bay Resort

Pago Bay Resort site was once ancient settlement
by Clynt Ridgell, KUAM News
Tuesday, November 13, 2007

If you've driven by a specific Pago Bay clearing right below the Yona Overlook, you've probably been wondering what's going on with all the clearing. The development work being done is the site of a future housing development that was once an ancient settlement.

All of the jungle was cleared by hand - the reason the owner of Sunny Wholesale, Fong Woo, purchased this property and is now looking to develop it as a single family housing subdivision. But before it's developed they've contracted the services of the Micronesian Area Research Center to conduct an archeological survey, and what they've found is rather interesting.

MARC director and archaeologist Dr. John Peterson explained, "We find a village here, which extends all the way along this ridge parallel to the sea; at least here on the top there's some pottery and burned rock and other remains showing that people where living here with some density. So far Peterson say he and his team thinks it was a rather dense settlement used for at least a thousand years before the Spaniards arrived. Peterson says this ancient Chamorro village probably goes back to the Pre-Latte Period.

"Just a few centimeters below the surface we're finding Marianas redware pottery, which is indication that people were living here maybe as long ago as 2,000-3,000 years ago," he added.

Dr. Mike Carson is another archeologist who's working the site. He pointed out an interesting cave that remains to be explored, noting, "This cave is a little unusual - it has two entrances to it. Inside we see evidence of quite a lot of sediment accumulation." The good thing about the dirt and sediment that has accumulated inside the cave is that it's actually preserved whatever maybe left underneath. Although they haven't found any cave art, it's possible that they could be hidden behind all this dirt and debris. "There's a chamber on the side and there's another chamber [in the] back...these are the prime places where people would go to take shelter to be most protected from the elements," said Carson.

Dr. Carson showed us some recently set coconut crab traps showing the fertility of the land here, saying, "And we may yet find evidence of how long that tradition has occurred here." Dr. Peterson believes the ancient Chamorros probably lived in the area before during and after the latte period when the Spaniards arrived. "This is really a good spot right next to the river great breeze here<' he said, "It's a good locality for settling."

Not only was it a good place to settle in the past it's evidently going to be a settlement of the future. Pago Bay Resort general operations manager John Tarantino, saying, "What we're trying to do is create a resort community, not just a place to live, you know, an environment." To accomplish this, they'll be putting in private roads underground power cable sewer and water for 88 lots to be sold to people interested in building high-end, single-family homes in a gated community. Added Tarantino, "What we're trying to achieve here is to maximize what Pago Bays potential is with regards to a natural environment to live in."

Tarantino says the idea was to impact the land as little as possible. This is why they've contracted marc for an archeological survey and also why Tarantino says they've going through all the necessary steps and getting all the necessary permits before developing. "When this lot is delivered to whomever buys it, it comes free and clear of any questions or archaeological environmental ownership. The whole idea here is peace of mind," he said.

Tuesday, September 18, 2007

Okura Project Hits a Snag

Okura Hotel project hits a snag
By Mar-Vic Cagurangan
Variety News Staff
9/18/07

GUAM Okura Hotel’s $30 million grand expansion project has been suspended due to funding shortage, according to one of the vendors who have been owed hundreds of thousands for supplies and materials.

Clayton Duvall, manager of the Quality Swimming Pools, said all work on the project came to a halt on Sept. 6 because “no money is flowing in” and GC Corp., the main contractor, has been unable to pay its subcontractors and vendors.

Duvall said subcontractors and vendors have been trying to collect payments from GC Corp. for two months now but all they have received was a plea for patience and “a little more time.”

“We are being kept in the dark. We’re all sitting here holding the bag. We’re not being given substantial information as to the status of the contract and they’re not telling us when we’re going to get paid,” said Duvall, whose company is owed $125,000 for swimming pool supplies and materials.

Subcontractors and vendors were expecting to receive their payments from GC Corp., which is believed to have been provided full funding from Okura.

Duvall said the hotel owners suspect that the general contractor may have spent the fund elsewhere.

“So the bottom line is, Okura owners apparently are not ready to release any further fund to the contractors until they come to Guam and determine just what is going on,” Duvall stated in an e-mail to one of the subcontractors.

Mark L. Day, director of Guam Resorts Inc. which operates the Okura Hotel in Tumon, declined to comment. “I don’t have a hold on the situation right now to be able to comment,” Day told Variety.

Variety’s call for Myung Il Kim, GC Corp. general manager, had not been returned as of press time.

In his e-mail to Duvall, Day said Okura is “still in the process of discussion with GC Corporation.”

“It is the intention of both parties to reach an agreement with respect to the ongoing project, but a concrete means of alleviating GC’s financial issues has not been met as this time,” Day said.

Although the discussion with GC Corp. was “progressing,” Day could not tell when payments can be made, saying that “in this situation, a solution is not as rapid as one wishes it to be.”

Among the other subcontractors with collectibles are Conwood, which is owed $200,000; Hawaiian Rock, $250,000; Leed Electric $50,000; Universal AC $50,000; and Pacific Hydronics and Systems, $200,000.

No information about the status of construction workers was available as of press time. Labor investigator Roman Quinata said the Department of Labor has not received any complaint related to the Okura construction project.

The Okura Hotel expansion project, which commenced about three months ago, first hit a snag in late July when local activists called for a stop on excavations at the project site, where over 200 ancient human remains were found.

Guam Resorts Inc.’s suspended project involved the construction of what owners described as “unparalleled luxury destination resort” that would cater to “affluent” and “sophisticated” tourists.

The design includes 23 luxury villas, individual swimming pools and Jacuzzis overlooking the ocean, a wedding chapel, and restaurants that would serve international cuisine.

Thursday, June 07, 2007

Gun Beach to Be Developed

Gun Beach to undergo multimillion commercial development
by Mindy Fothergill, KUAM News
Tuesday, June 05, 2007

An undeveloped area in the heart of Guam's tourism district will soon be home to the island's tallest high-rise. The multimillion dollar venture is a sign that off-island investors see hope in the island's ailing economy. The area that now houses the normally peaceful and undisturbed Gun Beach along Tumon Bay may look like acres and acres of jungle at the moment, but three years from now could be home a massive commercial development effort.

"This is basically a high-rise condo and also some other buildings for residential and some shopping arcade, mini-shopping malls; and specifically, we emphasize on the big water parks," explained Juno Eun, a corporate counselor and business development vice president for CoreTech International, a local company working with Korea-based developer Kyung Maek C&D, LLC. The Two Lovers Towers is slated to be the island's premier landmark in Tumon, complete with hundreds of executive condominiums, a village arcade containing a mini shopping mall and restaurants, and the island's largest water park.

The Towers, along with the Cliffside Towers, are slated to be thirty-five stories high, containing approximately 1,500 rooms. Eun says the development plan has been in the works for the last year as Kyung Maek has confidence in the island's economy. "Investor's confidence is based on the economy's estimation and forecast for Guam...the military's coming and other real estate price will hopefully be going up and with appreciation, we expect as the rest Korean monies freely coming from Korea to Guam and Korean real estate market has been changing and they're looking for some other market to invest in," he noted.

The Korea-based company acquired the property in Guam's visitor district for an undisclosed amount of money. Gun Beach is a hotel/resort zoned property that in all spans more than 87,000 square meters.

Eun says the development, which the company hopes will begin in the next few months, will have even more economic benefits for the island. "For construction wise we believe about 500 people, lay workers for years and after we've completed projects we are going to hire more than 100 people, minimum wise to operate and maintenance, so we're expecting 3,000 total manpower for total projects."

With construction slated to begin before the end of the year, Kyung Maek and CoreTech are hopeful the new high rise project will be completed by 2010 - just in time for the military buildup on Guam. Once completed, the units depending on their size, will be sold for an estimated half-million dollars each.

As for those residents who are concerned about beach access, CoreTech assures the public that access to Gun Beach will still be available once the high rise is built. CoreTech is the same company that is currently building the Ironwood Estates and the island's six new public schools.