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Re/Development

Leading the future of retail.

Re/Development

Demand for high-quality real estate continues to outpace supply as virtually no new shopping centers are being built today.

Kimco is answering market demand by developing, redeveloping, retenanting and expanding our best located centers nationwide. This effort includes the introduction of multifamily, hotel, main-street, and lifestyle opportunities that foster true live-work-play environments that are poised to thrive in the ever-evolving retail landscape.

Re/Development efforts create a ripple effect of benefits. Our retailers enjoy increased foot traffic from physical improvements and new shopper amenities. The larger communities see enhanced economic activity from new construction and retailing jobs, increased tax revenues and improved real estate values.

Re/Development Pipeline

Kimco actively seeks dynamic opportunities in primary markets that will expand our multifamily footprint to ~10,000 units by 2025 with the option to self-develop, ground lease, or monetize.

When revitalizing properties, environmental impact is top of mind. When possible, these projects incorporate the latest energy-efficient and environmentally friendly design standards and building materials.

A shopping center with The Tile Shop storefront, with pedestrians walking along the sidewalk.

Development

  • Ground-up developments on sites within top MSAs in which Kimco currently operates
  • Great visibility and access from major road networks and transportation hubs
  • Present opportunities to be live-work-play environments including residential and/or hotel mixed-use

Redevelopment

  • Large-scale projects that require demolition and/or addition of GLA
  • Combining or subdividing space over 15,000 SF or bringing new uses to the site that will improve the asset’s credit profile, resulting in cap rate compression

Outparcels

  • Demolition and/or creation of outparcels with optimal visibility in front of our existing shopping centers
  • Addition of drive-thrus to existing outparcels or end-cap spaces

Contact Us

Get in touch with a team member for more information on Kimco's Re/Development program.

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