Kimco Realty Introduces Mill Station – A New, Open-Air Shopping and Dining Experience at Former Owings Mills Mall Site
November 21 2017 - 4:05PM
Business Wire
Costco to anchor this Kimco Signature Series
development
Kimco Realty Corp. (NYSE:KIM) today 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.
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Renderings of Mill Station – a new,
open-air shopping destination at the former Owings Mills Mall site
(Photo: Business Wire)
“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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171121005098/en/
Kimco Realty Corp.Jennifer Maisch, 516-869-7224Director,
Corporate Communicationsjmaisch@kimcorealty.com
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