Development: Ground up developments on sites that sit within Kimco top MSAs; have great visibility and access from major road networks and transportation hubs; and provide opportunity to be a “Live, Work & Play Environment”, including residential/hotel mixed-use.
Redevelopment: Large scale projects that require demolition and/or addition of GLA to the site. Combining or subdividing space over 20,000 square feet or bringing new uses to the site that will improve the asset's credit profile, resulting in cap rate compression.
Pad/Outlots: Demolition and/or creation of outparcels with optimal visibility in front of our shopping centers, and the addition of drive-thrus to existing outparcels or end-cap spaces.
When revitalizing its centers, Kimco keeps environmental impacts top of mind. Where possible, the projects incorporate the latest energy-efficient and environmentally friendly design standards and building materials.
Retailers benefit from the increased foot traffic that comes with the improved appearance and new shopper amenities offered by these centers. And the community benefits from having a renewed hub of economic activity. These projects create new construction and retailing jobs, generate increased tax revenues, and improve area real estate values.