Development: Ground up developments on sites that sit within Kimco top 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: Combining or subdividing space of 30,000 square feet and up to bring a new use to the site, improve the existing credit profile and lowering the cap rate on the entire site, examples include adding grocery or non-retail.
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.