The groundbreaking for the Kauai Lagoons Resort, a 450-acre plot on the island of Kauai, took place last week. The development, scheduled for occupancy for summer next year, will contain 14 private-residence homes with prices that start at more than five million dollars. 72 additional residences — characterized as “fractional ownership properties” or timeshares — will be offered in October, and their prices will start at a less mind-boggling $300,000 … per interest.

The developer, Ritz-Carlton Club and Residences, has issued assurance that the development is committed to being a good neighbor on the Garden Island, and will show interest in and respect for the history and culture of the area. Two-thirds of the resort will remain as undeveloped green space.

Golfing great Jack Nicklaus is redesigning the Kauai Lagoons course, which overlooks Kauai’s coastline. The resort will also have an upscale restaurant, water taxi service and a full-service spa. If you’re looking for a high-end little hideaway in paradise – or maybe a timeshare – this could be the place.

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