MLS 272745 Wainaku Executive Center, Big Island, Hawaii

THE WaINaKU ExEcUTIVE cENTEr Historic Landmark Overlooking Hilo Bay

Prestigious 12 Acre Oceanfront Property

On the majestic sea cliffs just north of Hilo, Hawaii, sits the former Hilo Sugar Mill compound, now known as the Wainaku Executive center. Originally built in 1894 on one of the most prime oceanfront locations on Hilo bay, the Hilo Sugar Mill was luxuriously renovated in 1997 using locally sourced Hamakua Koa wood. The extensive renovation transformed the old sugar mill into the elegant Wainaku Executive center.

LINKED TO THE paST, prIMED FOr THE FUTUrE The Wainaku Executive Center (WEC) was formerly the headquarters of C. Brewer & Co., (c. 1924) one of Hawaii’s “Big Five” companies that owned most of the sugar cane industry. With its ideal location and the commanding view overlooking Hilo Bay, the WEC is ideally suited to be a business center and a major player in the thriving local tourism industry. Expansive views of Hilo Bay, manicured grounds, a black sand beach, and an amphitheater built from lava rock make the WEC a one-of-a-kind venue.

The Wainaku Executive Center is steeped in local history and poised to became a community cultural and business center.

parT OF a prOUD aND LIVING HErITaGE The Polynesian voyagers settled in the Hilo area around the year 1100 A.D choosing Hilo Bay as an ideal location where fishing was plentiful, and agriculture could flourish. Pristine rivers, fertile lands, clear running streams, and spectacular coastlines are well recorded and celebrated in ancient Hawaiian chants and songs. During the reign of King Kamehameha the Great, Hilo was recognized as the political epicenter of the Hawaii Islands.

Today Hilo Town, with its International Airport and busy pier for cruise ships, is the gateway to Old Hawaii and a major hub for those wishing to visit Hawaii Volcanoes National Park. The Wainaku Executive Center is an integral part of Hilo's proud history and stands ready to take its rightful place as a major destination. An extensive list of approved uses, as well as proposed zoning changes, could allow for an oceanfront hotel, private residence, and bar and restaurants.

A SPECTACULAR VIEW OF HILO bAY FROM THE WAINAKU EXECUTIVE CENTER Standing in the tightly manicured grounds of the Wainaku Executive Center one can look out to sea and imagine the past. Outrigger war canoes and mighty sailing vessels arriving from the vast ocean to find safe harbor in tranquil Hilo Bay. The view from this property is dazzling and designed to impress. Whether its shared in community gatherings or for clients to savor a bit of Old Hawaii as it still exists today, you'll find no other location quite like it.

Culturally historic and environmentally significant, this is Hilo’s most vibrant anchor point for a variety of uses. The Wainaku Executive Center is poised to leverage the Big Island's economic growth and great potential for business, tourism, agriculture and agri-tourism, conservation, and renewable energy. The WEC is an ideal venue to support community initiatives, events and to provide economic opportunities for residents.

This is prime Big Island real estate with a black sand beach below, wide ocean views affording daily sunrises, the 12,000 square foot stately mansion-like building comprising Hilo’s most important, enduring, elegant and incomparable piece of real estate. Reconstructed from the original Wainaku Mill Warehouse, extensively remodeled from ‘97-98, this gracious and luxurious building reflects distinctive character and superior quality of construction.

The Wainaku Executive Center awaits the next Visionary Strategist to revive the grandeur of this unique property.

HIGHEST CRAFTSMANSHIP IN LUXURIOUS KOA In 2012, Edmund C. Olson of Wainaku Ventures LLC, purchased the 12-acre property for $7.7 million from John W.A. "Doc" Buyers. It was Mr. Buyer's intention was to turn the center into a resort.

Unfortunately, Mr. Buyers' health put his plans on hold, which led to the purchase by Wainaku Ventures. Prior to Mr. Buyers' ownership, the property was held by C. Brewer and Company. Major renovations on the property were done turning a former warehouse into a two-story, 11,800-foot executive business center heavily detailed with Hawaii's luxurious Koa wood.

A CENTER FOR bUSINESS AND TOURISM Mr. Olson purchased Wainaku with the enthusiastic desire to expand upon "Doc" Buyers' dream to open the gates to this historic property via resort, event, convention facilities, restaurants and tourist operations.

Improvements were made to the grounds and buildings, and great care was given to collecting and preserving historical documents that were found throughout the property.

REPRESENTING OLD HAWAII LIKE NO OTHER The Wainaku Executive Center sits perched above Hilo Bay with 3,000 feet of spectacular oceanfront. It's commanding view of the bay exemplifies its place in local history, and its prime location is a perfect compliment to the local thriving tourism industry.

Hawai'i Volcanoes National Park is open 24 hours a day, all year long, which brings a continual stream of tourism traffic to Hilo. The 333,086-acre park stretches from sea level to the summit of Mauna Loa. It is home to the earth's most massive active volcano, Kilauea, which is presently erupting from two locations: Halema'uma'u Crater at its summit (since 2008), and in the remote east rift zone from the Pu'u O'o vent (since 1983).

Hilo is the gateway destination to Hawaii Volcanoes National Park, which is consistently one of the greatest tourist draws in Hawaii often sharing the #1 position with Pearl Harbor on Oahu. In 2013, 1,583,209 people visited Hawai'i Volcanoes National Park, an increase of 6.7 percent from 2012 visitation statistics.

The Wainaku Executive Center is ready to be a principal destination representing the best of Old Hawaii.

Current owner, Ed Olson, remains highly enthusiastic about the potential of Wainaku and the important position it plays in both the past and future of Hilo, Hawaii.

Mr. Olson says, “I have not lost any enthusiasm or positive vision for the development of the Wainaku Executive Center and the potential for a future hotel and major tourist attraction in this location. I just cannot personally oversee all the projects I have at hand and so I must reluctantly hand off the development of this property to the next visionary.�

A Natural Lava Rock Amphitheater

Unique Black Sand Beach

180 DEGREE 3,000 FOOT OCEANFRONT VIEW

bLACK SAND bEACH ON A TROPICAL COASTLINE

A natural lava rock amphitheater is the outdoor centerpiece of the Wainaku Executive Center. Imagine watching a graceful hula performance while listening to ancient chants. All the while the sparkling waters of Hilo Bay dance in the background. An unique experience that has occurred here for over a thousand years.

When searing hot lava hits the ocean it explodes and thousands of shards of sand are created. The ocean brings this lava rock sand back up to coast through the endless crashing waves forming a beautiful black sand beach. The Wainaku Executive Center has its own black sand beach framed against the tropical beauty of the Hamakua coastline offering an inspiring view of this unique phenomenon.

AN EXTRAORDINARY PROPERTY OF PRESTIGE AND POTENTIAL THE WAINAKU EXECUTIVE CENTER Built in 1924 and resting on 11.71 oceanfront acres, the Hilo, Hawaii historical landmark awaits the next visionary to unleash the full potential of this exquisite property. The 12,000 square foot stately mansion-like building is Hilo’s most important, enduring, elegant and incomparable piece of real estate. Great potential for business, tourism, agriculture, conservation, renewable energy, sustainable farming & ranching, while supporting community initiatives and economic opportunities for Big Island residents.

26-238 HAWAII BELT ROAD HILO, HAWAII

$8,250,000 Ceilings-9'+, ADA Accessible, ADA Compliant, Built-in-Book Shelves, Elevator Sprinkler System-Interior, High Traffic, Landscaped, Meeting Room, Offices

Rebecca Keliihoomalu R(B), SRS, GRI MacArthur Sotheby's International Realty 65-1279 Kawaihae Road, Suite 104, Kamuela, Hawaii 96743 www.bigislandreale.com 808.895-1156 rebecca@macarthurhawaii.com

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