Ford Island Property Exchange

Ford Island Property Exchange
Pearl Harbor, Hawaii
Public-Private Venture with US Navy
Project Ongoing
Total Value at Closing: $440 million (private debt)

The Fluor/Hunt Development Team, which included Flintridge Partners principals, was selected in 2001 for a novel program that swapped under-utilized Navy property in and around Pearl Harbor for infrastructure construction services on Ford Island. It was the largest Navy transaction of its kind to date, involving the exchange of five large parcels of Navy property for infrastructure construction on Ford Island. The Navy parcels included a substantial amount of land in and around the former Barbers Point Air Station, land on Ford Island, a parcel adjacent to the USS Arizona Memorial Visitors Center, and a munitions storage facility in Waikele.

The Navy’s goal was to redevelop Ford Island and create an efficient live/work environment adjacent to the main Pearl Harbor Naval operations area.  There is now a thriving Navy housing community on Ford Island, in addition to a new NOAA data center and Pacific Air Museum, all made possible by the new infrastructure that was completed in 2004. Hunt has ongoing developments on the exchanged land.