Brue Baukol Capital Group (BBCG) became Kauai’s third-largest private landowner in 2022, spending over $250 million dollars.
This large acquisition consists of 10,000 acres of conservation land on the North Shore in Wainiha Valley; 5,000 acres of agricultural land on the South Shore; 2,000 acres on the South Shore; and 1,300 acres surrounding South Shore’s Kukui’ula, luxury resort community.
BBCG has stated they only plan to make minor changes and nothing significantly different from what they’re doing already. The firm has also said that they are more focused on maintaining the land rather than pursuing significant new developments.
The Kukui’ula plans that Alexander & Baldwin’s and DMB Development have had in the works since the early 2000s, will progress accordingly and continue the construction of 49 luxury homes at this site.<
Regarding the North Shore’s Wainiha land, an agreement was recently renewed by the company with the Nature Conservancy to manage most of the property. The South Shore agricultural land plans are to focus on maintaining and expanding agriculture plus keep the current tenants housed, and eventually building some form of affordable housing.
Founded in 2011, Brue Baukol, was founded in 2011 and has invested more than $1 billion globally, with developments from Colorado to Connecticut to the Turks and Caicos. The firm is made up of several hundred individual investors and currently is led by Brue and real estate investor Geoff Baukol.
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Sean Ahearn & Jim Karlovsky