Re/development

Project Listings

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Program

Demand for high-quality retail real estate is on the rise, as national retailers continue to expand and consumer spending continues to recover in the U.S. Although demand is increasing, the available supply of quality space is not, with virtually no new shopping centers being built today.

Against this backdrop, Kimco is stepping up its efforts to enhance the value of its portfolio by developing, redeveloping, re-tenanting and expanding the strongly situated shopping centers. Not only are these projects good for Kimco, they're good for retailers and the communities they serve.

Kimco currently has a planned development pipeline encompassing five select projects totaling $800M and redevelopment pipeline with gross project costs totaling approximately $2 billion. Kimco's full redevelopment & value creation pipeline of active and planned projects contains 100+ properties, with active properties comprising approximately 25% of the full pipeline.

Re/development Pipeline:

Development: Ground up developments on sites that sit within Kimco top 22 MSAs; have great visibility and access from major road networks; 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.

Value Creation: Splitting or combining spaces in the shopping center and adding a façade to create a single point of entry for the combined space or multiple entrances for split spaces.

Pad/Outlots: Demolition and/or creation of pad parcels upfront at our shopping centers.

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.