FOLLOW KIMCO’S REDEVELOPMENT PROGRAM IN DETAIL ON OUR UPDATED WEBSITE
With redevelopment a crucial aspect of Kimco’s growth strategy, we wanted to create a central place where our stakeholders can find detailed information on the projects in our pipeline. We’ve just added a new page on our website where you can read about the plans and status of Kimco’s redevelopment projects.
You can see a number of details on our active and completed redevelopment projects, including plans for re-tenanting, build-outs, GLA (gross leasable area) additions, demolition, construction, landscaping improvements, façade updates, parking lot upgrades, lighting enhancements, estimated costs, completion dates, and before-and-after renderings and photos. We’ll be keeping this page updated with the current status of our projects and adding properties to this page as redevelopment work begins.
Currently, there are over 250 properties in Kimco’s full redevelopment and value creation pipeline. Gross project costs for these properties total approximately $800 million, with a targeted return of just over 10 percent.
Many more details on Kimco’s redevelopment efforts can be found on our website. Feel free to take a look, and let us know if you have any questions about anything you find.