Kimco’s Lincoln Square to Feature Philadelphia’s First Sprouts Farmers Market
April 05 2018 - 8:30AM
Business Wire
Apartment pre-leasing is underway at this Kimco
Signature Series mixed-use development also featuring Target,
PetSmart and Starbucks
Kimco Realty Corp. (NYSE:KIM) announced today that Sprouts
Farmers Market will open a 32,000-square-foot store at Lincoln
Square, Kimco’s Signature Series mixed-use development in
Philadelphia’s Center City District. Additionally, pre-leasing is
now underway for the project’s 322 residential units, whose
occupants will also enjoy access to onsite retailers including
Target, PetSmart, Starbucks and Sprint, along with 50,000 square
feet of indoor and outdoor amenity space and panoramic city views.
Residential move-ins will begin this summer, with Sprouts also set
to open in the third quarter of this year.
“The announcement of Sprouts culminates our vision for Lincoln
Square as a modern urban living destination,” said Tom Simmons,
President, Mid-Atlantic Region at Kimco Realty. “In addition to the
state-of-the-art amenities offered, residents will be just steps
away from a variety of convenient, affordable and healthy retail
options that will complement their active city lifestyle.”
Sprouts, which specializes in fresh, natural and organic
products at affordable prices, is one of the fastest growing
retailers in the U.S., opening approximately 30 stores in 2018.
Lincoln Square will be the brand’s first Philadelphia location, and
the ninth in Kimco’s portfolio. The store layout will incorporate
the adaptive reuse of Lincoln Square’s historic train station,
which was a stop along the funeral tour that followed Abraham
Lincoln’s assassination in 1865. The historic structure’s Late
Gothic Revival elements have been preserved and restored, including
the pitched roof and other architectural details.
In addition to the onsite retail, Lincoln Square’s location at
the corner of Broad Street and Washington Avenue, just two blocks
from a SEPTA subway station, offers walkability to premier
Philadelphia shopping and dining destinations as well as
entertainment venues along the Avenue of the Arts. Onsite amenities
include a parking garage, fitness club, outdoor running track, bike
storage, dog run, pet grooming station, golf simulator, and a green
roof with outdoor kitchens, living spaces, lawns and fire pits.
Residential units at Lincoln Square range from studio to
three-bedroom layouts, and will feature top-of-the-line appliances
and finishes.
“Our Lincoln Square project exemplifies Kimco’s mission – to
create destinations for everyday living that inspire a sense of
community and deliver value to our many stakeholders,” stated Conor
Flynn, Chief Executive Officer of Kimco Realty. “I’m particularly
proud to see our first mixed-use development come to life. The
restoration of the historic train station creates a signature
design element for the project while also preserving an important
piece of history, which we’re confident will be a major draw for
this transit-oriented, urban infill development in a top 10
MSA.”
Visit www.lincolnsquare.com for more information, or call
215-621-8946 for leasing inquiries.
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 December 31, 2017, the company owned
interests in 492 U.S. shopping centers comprising 83 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 60
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 Sprouts Farmers
Market
Sprouts Farmers Market, Inc. specializes in fresh, natural and
organic products at prices that appeal to everyday grocery
shoppers. Based on the belief that healthy food should be
affordable, Sprouts’ welcoming environment and knowledgeable team
members continue to drive its growth. Sprouts offers a complete
shopping experience that includes an array of fresh produce in the
heart of the store, a deli with prepared entrees and side dishes,
The Butcher Shop, The Fish Market, an expansive vitamins and
supplements department and more. Headquartered in Phoenix, Ariz.,
Sprouts employs more than 27,000 team members and operates more
than 280 stores in 15 states from coast to coast.
Visit sprouts.com for more information.
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version on businesswire.com: https://www.businesswire.com/news/home/20180405005622/en/
Kimco Realty Corp.Jennifer Maisch, 516-869-7224Director,
Corporate Communicationsjmaisch@kimcorealty.com
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