Redevelopment
Demand for high-quality retail real estate continues to far outpace supply, as virtually no new shopping centers are being built today.
Kimco is seizing this market opportunity by transforming our best-located centers nationwide—developing, redeveloping, retenanting, expanding, and increasingly delivering high-impact grocery conversions that anchor long-term customer draw. Our mixed-use strategy brings together multifamily, hotel, main-street, and lifestyle elements to create dynamic live-work-play destinations that meet the needs of today’s consumers and position our properties as the premier retail hubs in their communities.
These strategic investments generate powerful results. Retailers benefit from elevated foot traffic driven by fresh merchandising, upgraded environments, and new shopper amenities. Grocery conversions, in particular, provide consistent daily traffic and strengthen the merchandising ecosystem for surrounding tenants. Meanwhile, communities benefit from increased economic activity—from construction jobs to sustained retail employment—along with rising tax revenues, improved infrastructure, and enhanced real estate values.
Kimco’s redevelopment platform doesn’t just revitalize properties—it unlocks long-term value, strengthens communities, and reinforces our leadership in shaping the future of retail.