The Hawaiian Homes Commission approved this week a final environmental assessment for a proposed $400 million regional shopping center on 67.7 acres in Kapolei. 

The long-envisioned center — Ka Makana Alii — is being developed by an affiliate of DeBartolo Development between Kapolei Parkway and Roosevelt Avenue. 

The center — at 1.4 million square feet — would be Oahu’s third largest shopping complex located near the city’s rail transit system and University of Hawaii’s West Oahu campus; Kapolei Middle and High schools; and proposed Hawaiian Home Lands Trust housing developments. 

Construction is scheduled in two phases over the next four years and generate an estimated 21,000 construction jobs, as well as more than 7,000 jobs, the Department of Hawaiian Home Lands said in a statement released Wednesday.

The first phase on about 19.72 acres will have a total square footage of 200,681, while the second phase will measure 1.15 million square feet.

“We are pleased that this project has met another crucial benchmark and that this much-anticipated community shopping development will result in millions of dollars in revenue to finance homesteading opportunities for our beneficiaries,” said Commission Chairman Albert “Alapaki” Nahalea, in a press release.

Edward Kobel, DeBartolo Development president and chief operating officer, said the company has received strong interest from prospective tenants, which will be announced in the upcoming months.

“We are excited about bringing the best of the local and national retailers as well as some new shopping the islands have never had before,” he said in a statement.

Ka Makana Alii will be home to a major department store; family entertainment complex; two hotels; low-rise office buildings; and a neighborhood commercial area with specialty market, drug stores, and convenience shops.