Demand for high-quality real estate continues to outpace supply as virtually no new shopping centers are being built today.
Kimco is answering market demand by developing, redeveloping, retenanting and expanding our best located centers nationwide. This effort includes the introduction of multifamily and hotel, fostering true live-work-play environments that are poised to thrive in the ever-evolving retail landscape.
Most recently, Kimco is evaluating industrial and distribution opportunities within our existing assets to enhance our position of First in Last Mile Retail™, further shrinking the gap between retailer and consumer.
Re/Development efforts create a ripple effect of benefits. Our retailers enjoy increased foot traffic from physical improvements and new shopper amenities. The larger communities see enhanced economic activity from new construction and retailing jobs, increased tax revenues and improved real estate values.