Mill Station: Kimco unveils plans for a new, open-air shopping destination in Baltimore County, Maryland

Mill Station: Kimco unveils plans for a new, open-air shopping destination in Baltimore County, Maryland

 

Costco to anchor this Kimco Signature Series development

NEW HYDE PARK, N.Y., 2017-Nov-22 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) today (11/21/2017) introduced plans for Mill Station – a new, open-air shopping destination at the former site of the Owings Mills Mall in Baltimore County, Maryland. Costco will anchor the 575,000-square-foot Kimco Signature Series development, which will feature national, regional and local retailers, a variety of dining options, ample parking, green space and pedestrian-friendly walkways. Construction is scheduled to commence in early 2018, with completion expected in early 2019.

“Mill Station will be a dynamic retail destination that breathes new life into the Owings Mills community,” said Conor Flynn, Kimco’s Chief Executive Officer. “Kimco is transforming this asset, delivering an impressive mix of national brands, local shops and dining options in a modern, open layout that better reflects the desires of local shoppers and the character of this area.”

The approximately $108-million, ground-up development will house up to 30 retailers and restaurants, linked by a network of walkways and connections to existing office and retail. Mill Station lies in close proximity to mass transit, and enjoys direct access to I-795, connecting Carroll County with Baltimore County. The shopping center will serve a population of 166,000 in the surrounding five-mile area, with an average household income of approximately $93,000.

Costco will open a 148,000-square-foot warehouse club at the shopping center, to include a deli, bakery, food court, garden center, optical department, photo center and a gas station. The Mill Station club will be the only Costco location within a 15-mile radius. Kimco is negotiating leases with several additional retailers to occupy a total of 350,000 square feet at the new center. Furthermore, the site’s existing AMC Theatre will be fully modernized, creating a state-of-the-art cinema experience.

“We are confident that Mill Station will be a lifestyle destination that the Owings Mills community will enjoy for years to come,” said Tom Simmons, President of Kimco’s Mid-Atlantic Region. “We’d like to thank the Owings Mills residents, area businesses and local officials, whose voices and opinions were heard and appreciated throughout the planning process.”

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of September 30, 2017, the company owned interests in 507 U.S. shopping centers comprising 84 million square feet of leasable space primarily concentrated in the top major metropolitan markets. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Contact:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@kimcorealty.com

Source: Kimco Realty Corporation

###

Kimco: Cinépolis USA to bring its Luxury Cinema concept to Kentlands Market Square in Gaithersburg, Maryland

Kimco: Cinépolis USA to bring its Luxury Cinema concept to Kentlands Market Square in Gaithersburg, Maryland

 

The arrival of this luxury cinema kicks off a full-scale redevelopment of the Maryland open-air shopping center

NEW HYDE PARK, N.Y., 2017-Jul-21 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced that it has signed a lease with Cinépolis USA, a leading world-class cinema exhibitor, to bring their Luxury Cinema concept to Kentlands Market Square in Gaithersburg, Maryland. This announcement marks the first stage in a comprehensive redevelopment of the 250,000-square-foot center which will result in a walkable, mixed-use destination with a wide array of shopping, dining and entertainment options.

“With Cinépolis USA, we’re bringing the very best in entertainment to the residents of Gaithersburg,” said Tom Simmons, President of Kimco’s Mid-Atlantic Region. “We consider this the first step in transforming Kentlands Market Square into the vibrant town center that it was always intended to be.”

Kentlands Market Square is a Whole Foods-anchored, open-air center in an affluent master-planned community in a northwest suburb of Washington D.C. Kimco acquired the center in 2016 in large part because of the asset’s prime redevelopment potential. The company’s planned multi-year project will include renovated facades, improved pedestrian access and signage, as well as upgraded lighting and landscaping, in addition to increased density. The project’s focal point will be the revitalization of Market Street, the center’s “main street,” including the creation of a new “paseo” lined with cafes, boutiques and service offerings.

“The redevelopment of Kentlands Market Square is a prime example of how retail will evolve to meet changing consumer needs,” said David Jamieson, Executive Vice President and Chief Operating Officer of Kimco Realty. “By bringing in a unique operator like Cinépolis USA, we’re elevating the experience at Kentlands and providing residents with much more than just a shopping trip. The addition of entertainment, dining and service offerings, along with top-performing retailers, is key to our redevelopment strategy and the execution of our 2020 Vision.”

Cinépolis Luxury Cinemas-Gaithersburg, anticipated to open in 2019, marks Cinépolis USA’s debut into Maryland and adds to the brand’s existing list of 16 movie houses in the U.S., six of which are Luxury Cinemas. The approximately 34,000-square-foot movie theater will hold 540 seats, and offer guests an exciting new movie-going experience with its fully-reclining leather seat auditoriums, cutting-edge sound and high-definition projection technology, an upscale lounge-style lobby space, gourmet meals and a curated selection of beer, wine and liquor, as well as its in-theater waiter service.

“Teaming with Kimco to be an entertainment anchor in Kentlands Market Square is a tremendous opportunity,” said Neil Baron, Vice President of Real Estate, Cinépolis USA. “The breadth of this project, coupled with the company’s exceptional background, marks an exciting move for the area of which we are thrilled to be a part. The redevelopment’s emphasis on building community and offering a wide series of elevated experiences are brand pillars for Cinépolis USA. We look forward to introducing an unforgettable luxury experience to new film aficionados in the area.”

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space across 32 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

About Cinépolis USA

Cinépolis USA is a leading world-class cinema exhibitor that offers guests enhanced movie-going experiences through its “Cinépolis Luxury Cinemas” and “Cinépolis” theater concepts, and newly debuted 4DX and kid-approved Cinépolis Junior auditoriums. The Dallas-based theater chain opened its first theater in Del Mar, CA in July 2011 and has some of the top performing theaters in the country, currently operating a total of 16 theaters with a presence in Southern California, Florida, New York, New Jersey and Connecticut. Additional theaters across the U.S. are planned to open in the next few years. Its México-based parent company, Cinépolis, is the fourth largest movie theater exhibitor in the world. For more information about Cinépolis USA, please visit www.cinepolisusa.com, or follow on Facebook at www.facebook.com/CinepolisUSA, Instagram at @CinepolisUSA or Twitter at www.twitter.com/CinepolisUSA.

Contact:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@kimcorealty.com

Source: Kimco Realty Corporation

###

Kimco: Target to open at Westmont Plaza in Haddon Township, New Jersey in July 2018

The addition of the brand’s small-format concept will spark a transformative repositioning of this New Jersey shopping center

NEW HYDE PARK, N.Y., 2017-Jul-15 — /EPR Retail News/ — Kimco Realty Corp. (NYSE: KIM) announced that it has signed a lease with Target for a 48,000-square-foot, small-format store at Westmont Plaza in Haddon Township, New Jersey, set to open in July 2018. The addition of Target is the first step in a larger repositioning of the 173,000-square-foot, open-air center.

“The addition of Target opens the door for some exciting changes that will significantly enhance the retail and service offerings available in Haddon Township,” said David Jamieson, Executive Vice President and Chief Operating Officer of Kimco Realty. “Quality attracts quality, and we’ve seen that time and time again across our portfolio as we redevelop assets and execute on our 2020 Vision. Residents can look forward to additional changes in the near future, with Target setting the tone for Westmont Plaza’s revitalization.”

The Westmont Target, which is the brand’s third small-format store in the state of New Jersey, will provide residents with a quick-trip shopping experience featuring Target’s curated assortment of apparel and accessories, grocery and grab-and-go items, beauty products, electronics, toys, and more. The store will also offer a CVS Pharmacy and Target’s Order Pickup service for added convenience.

“We’re thrilled to bring the convenience of Target and its robust assortment of offerings to the residents of Haddon Township,” said Tom Simmons, President of Kimco’s Mid-Atlantic Region. “This addition is the perfect fit for the community, and we look forward to providing more best-in-class brands that will transform the shopping experience at Westmont Plaza.”

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is one of North America’s largest publicly traded owners and operators of open-air shopping centers. As of June 30, 2017, the company owned interests in 510 U.S. shopping centers comprising 84 million square feet of leasable space across 32 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Contact:
Jennifer Maisch
516-869-7224
Director, Corporate Communications
jmaisch@kimcorealty.com

Source: Kimco Realty Corporation

Kimco announces Starbucks, Dynamic Dental Care LLC and Salons by JC as new tenants at its Wilde Lake center in Columbia, Maryland

LEED-certified redevelopment sparks new community interest and investment

NEW HYDE PARK, N.Y., 2017-Jan-27 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced today (1/26/2017) that it has signed three new leases, including Starbucks, at its Wilde Lake center in Columbia, Maryland, on the heels of a dramatic $18.1 million redevelopment which transformed the project into a mixed-use destination with 230 residential rental units, 30,000 square feet of office space, 41,000 square feet of retail, and 20,000 square feet of restaurants.

Starbucks is opening both a café and a drive thru in fall 2017. In addition to Starbucks, Kimco has signed leases with Dynamic Dental Care LLC, which opened December 2016; and Salons by JC, scheduled to open in early fall 2017 above David’s Natural Market.

“Kimco’s redevelopment has inspired a flurry of activity by existing tenants, enhancements to the Village’s swim center and water park amenity, construction of a new net-zero energy middle school, an expanding interfaith center, and new pedestrian and cycling pathways,” stated Kevin McAliley, Wilde Lake Village Board Chair. “Active home owners associations, involved neighborhood representatives and local leaders have noticed the new Wilde Lake center has created a movement toward improvements, renovations and investment throughout our village. We welcome Starbucks, Salons by JC, Dynamic Dental Care and the many new tenants and residents joining our vibrant and growing community.”

Wilde Lake Village Center is located in Columbia, Maryland, conveniently situated between Washington, D.C. and Baltimore on 7.4 acres. The redevelopment encompassed freshly-paved walking paths, outdoor seating areas, and community space. New landscaping throughout the center enhanced the existing vegetation, along with stamped concrete walkways and crosswalks, and impervious paver parking spaces. Wilde Lake is a LEED-certified project. As part of the redevelopment, existing grocer David’s Market expanded into a new, larger, and LEED-certified facility, featuring a contemporary interior floor plan with an interior/exterior café.

“These three tenants are a wonderful addition to the area,” said Tom Simmons, President, Mid-Atlantic Region at Kimco. “They are a direct result of our redevelopment of the shopping center to better reflect the current demographics of the area and improve the shopping experience. Starbucks was especially attracted by the residential component of the center, as it ensures a steady stream of foot traffic to their location. Whether it’s a resident of Wilde Lake Village Center or a visiting customer, we have a range of high-quality services, retailers, and dining options for everyone.”

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2016, the company owned interests in 534 U.S. shopping centers comprising 86 million square feet of leasable space across 35 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

Contact:
Jennifer Maisch
Director, Corporate Communications
516-869-7224
jmaisch@kimcorealty.com

Source: Kimco Realty Corp.

Kimco Realty Corp. announces new retail leases at its Suburban Square in Ardmore, Pennsylvania

Two tenants to transform former Macy’s space; two additional leases signed

NEW HYDE PARK, N.Y., 2017-Jan-23 — /EPR Retail News/ — Kimco Realty Corp. (NYSE:KIM) announced today (1/19/2017 ) that it has signed four retail leases totaling 94,100 square feet at its historic Suburban Square in Ardmore, Pennsylvania, kickstarting the next phase in its approximately $70 million repositioning of the center. Life Time® – The Healthy Way of Life Company will lease 78,636 square feet in the former Macy’s space for an upscale Diamond-level club featuring a premier healthy living, healthy aging and healthy entertainment destination, scheduled to open in fall 2017. Filling the remaining 10,540 square feet of the building is West Elm, a national popular, upscale home furnishing and accessories store.

These new leases are the latest development in Kimco’s transformation of Suburban Square through an all-encompassing redevelopment program. At completion, Suburban Square will provide an unparalleled shopping and lifestyle experience along the Main Line. The program includes new parking, beautification efforts, and the addition of a diverse roster of dining, retail, and health and beauty services options, all of which will create a modern day retail experience at this landmark Main Line destination.

The opening of Life Time Athletic Ardmore at Suburban Square will be the company’s fourth in the Philadelphia market following the openings of two additional locations this year in Fort Washington and King of Prussia. A location in Mount Laurel opened in 2015. As its premier flagship location in Philadelphia, the Suburban Square destination will offer Main Line residents exceptional boutique programming, specialized studios, and premium amenities, services and entertainment in a resort-like setting. An online Wait List has opened to be notified when memberships are available at www.lifetimeathletic.com/ardmore.

The Ardmore West Elm will be the retailer’s fifth location in Pennsylvania and is scheduled to open its doors in fall 2017.

In addition to Life Time Fitness and West Elm, Kimco has signed leases with Drybar and Anthony Vince’ Nail Spa. These leases come on the heels of recent retailer signings for SoulCycle; Sephora; Eaves, a local women’s apparel boutique; jeweler Kendra Scott; and a space expansion for outerwear retailer Barbour.

“These new leases kick off Phase II of the approximately $70 million, multi-year redevelopment of Suburban Square,” said Tom Simmons, President, Mid-Atlantic Region at Kimco Realty. “We are pleased with the progress of the first phase of development, and strategically planned this next layer to bring an exciting new selection of amenities and tenants to the center, with all construction being complete before Suburban Square’s 90th anniversary next year. Our diverse retailer mix features a blend of retail, services, medical, and dining options, offering something for everyone.”

For Phase I of the redevelopment, Kimco is currently constructing a four-level, 629-space parking garage at the Square’s East Lot. The garage, which will open in September 2017 prior to Life Time Fitness’ grand opening, will include 3,000 square feet of ground level retail space. Additionally, existing tenant Trader Joe’s is in the midst of a 4,000-square-foot expansion.

Once these projects are complete, Suburban Square will enter its third stage of the redevelopment in early 2018. The current “Commuter Lot” on Coulter Ave. will transform into “Station Row”—a mixed-use building with 20,000 square feet of street level retail space and 17,000 square feet of office space above; restaurant spaces with outdoor dining patios; and a new public plaza. The courtyard facing the new Life Time Athletic club and West Elm will also be redeveloped for shoppers to further enjoy the center.

About Kimco

Kimco Realty Corp. (NYSE: KIM) is a real estate investment trust (REIT) headquartered in New Hyde Park, N.Y., that is North America’s largest publicly traded owner and operator of open-air shopping centers. As of September 30, 2016, the company owned interests in 534 U.S. shopping centers comprising 86 million square feet of leasable space across 35 states and Puerto Rico. Publicly traded on the NYSE since 1991, and included in the S&P 500 Index, the company has specialized in shopping center acquisitions, development and management for more than 50 years. For further information, please visit www.kimcorealty.com, the company’s blog at blog.kimcorealty.com, or follow Kimco on Twitter at www.twitter.com/kimcorealty.

About Life Time®, The Healthy Way of Life Company

Life Time is a privately held, comprehensive healthy living, healthy aging and healthy entertainment Lifestyle Company that offers a personalized and scientific approach to long-term health and wellness. Through its portfolio of distinctive resort-like destinations, athletic events and corporate health services, the Healthy Way of Life Company helps members achieve their goals everyday with the support of a team of dedicated professionals and an array of proprietary health assessments. As of January 2017, the company operates 122 centers in 26 states and 35 major markets under the LIFE TIME FITNESS® and LIFE TIME ATHLETIC® brands in the United States and Canada. Additional information is available at www.lifetimefitness.com.

Contact:
Jennifer Maisch
Director, Corporate Communications
516-869-7224
jmaisch@kimcorealty.com

Source: Kimco Realty Corp.