Kamehameha Schools has pulled out of a proposal to build a learning center and 400 homes in Makaha Valley on 300 acres donated by developer Jeff Stone.

Kamehameha Schools, Stone and the state Department of Hawaiian Home Lands agreed to the plan in March 2010, but Stone withdrew his offer on June 13. Stone later said he would be willing to continue the project if Kamehameha Schools and DHHL agreed to new conditions.

"It is time for us to move on," Corbett Kalama, chair of Kamehameha Schools’ board said in a statement posted to the organization’s web site at 5:30 p.m. Friday. "We have informed Mr. Stone that we have concluded our involvement with him over this piece of property."

The plan had called for 400 to 600 affordable houses to be built by DHHL for Hawaiians and connected with educational enrichment facilities built by Kamehameha Schools for Hawaiian and non-Hawaiian children on the Leeward coast. Stone committed to donate the 300 acres, including and surrounding Makaha Valley Country Club, giving 66 acres to Kamehameha Schools and 234 acres to DHHL.

Kalama said Kamehameha Schools still intends to build a learning center on the Waianae Coast, it will just not be on Stone’s land.

"Long before a site in Makaha was mentioned, we had investigated potential sites for our learning community on the Waianae Coast, and over the last week we have received suggestions about additional parcels of land that may be available between Kapolei and Kaena Point," Kalama wrote