Kimco Realty Announces Grand Opening of Dania Pointe Phase I Signature Series Development
November 01 2018 - 7:30AM
Business Wire
Phase I is 93% Leased on Strong Retailer
Demand; Phase II Execution Well Underway
Kimco Realty Corp. (NYSE:KIM) today announced the Phase I grand
opening of its Dania Pointe Signature Series development in Dania
Beach, Florida. Phase I of the 102-acre mixed-use development
consists of approximately 330,000 square feet of retail, now 93%
leased to brands including TJ Maxx, Hobby Lobby, Ulta, Lucky’s
Market, BrandsMart, Five Below, Starbucks and YouFit Health
Club.
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Dania Pointe Phase I (Photo: Business
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“We are extremely proud to announce the grand opening of Phase I
of Dania Pointe, the largest and most impactful of our Signature
Series developments,” said Conor Flynn, Kimco’s Chief Executive
Officer. “We’re thrilled with the progress made to date, reflecting
the avid demand across retail categories driven by the unmatched
quality of this location. Today’s milestone builds upon the growing
momentum we are generating in our leasing and re/development
platforms, which are Kimco’s primary drivers of long-term value
creation in the evolving retail landscape.”
Dania Pointe’s dominant, high-visibility location spans three
exits and 1,600 feet of frontage on I-95, where traffic counts
reach over 300,000 cars per day. Only one exit south on I-95 from
the Fort Lauderdale-Hollywood International Airport and 10 minutes
from the Port Everglades Cruise Port, the lifestyle center will
serve the projected 15 million domestic and international tourists
visiting Broward County annually. Dania Pointe sits adjacent to
Kimco’s Oakwood Plaza, an 899,000-square-foot open-air center
anchored by Home Depot, BJs Wholesale, Burlington, Marshall’s,
HomeGoods and dozens of other national retailers.
Dania Pointe Phase II will include an additional 370,000 square
feet of lifestyle retail, dining and entertainment, along with two
Marriott hotels, 250,000 square feet of office space, and 600
residential apartment units. Phase II retail is 60% committed, with
Bowlmor, Tommy Bahama, Forever 21, b. young, Lindbergh and American
Soul set to join with an anticipated completion in 2020.
“With Dania Pointe, we recognized the potential in what was
essentially a gravel quarry and a defunct roller coaster, and
transformed it into a grocery-anchored shopping experience in an
inviting atmosphere where shoppers will want to gather, work, play
and ultimately live,” said David Jamieson, Kimco’s Executive Vice
President and Chief Operating Officer. “The energy and excitement
surrounding the Phase I opening will carry over into Phase II,
where a complementary mix of uses, combined with a thoughtful
placemaking approach, will create a truly iconic environment that
will drive 24-hour traffic.”
Phase II has continued to progress with the kickoff of
construction earlier this fall on Avery Dania Pointe, the project’s
first multifamily component, developed by Meyers Group on a ground
lease agreement. Avery Dania Pointe will feature 264 apartment
units in an eight-story building designed by Miami architect Kobi
Karp. Meyers Group, headquartered in Coral Gables with a
residential portfolio throughout Florida, expects to begin leasing
apartments in late 2019, with move-ins planned for 2020.
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, 2018, the company owned
interests in 450 U.S. shopping centers comprising 78 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.
The company announces material information to its investors
using the company’s investor relations website
(investors.kimcorealty.com), SEC filings, press releases, public
conference calls, and webcasts. The company also uses social media
to communicate with its investors and the public, and the
information the company posts on social media may be deemed
material information. Therefore, the company encourages investors,
the media, and others interested in the company to review the
information that it posts on the company’s blog
(blog.kimcorealty.com) and social media channels, including
Facebook (www.facebook.com/kimcorealty), Twitter
(www.twitter.com/kimcorealty), YouTube
(www.youtube.com/kimcorealty) and LinkedIn
(www.linkedin.com/company/kimco-realty-corporation). The list of
social media channels that the company uses may be updated on its
investor relations website from time to time.
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Kimco Realty Corp.David F. Bujnicki, 1-866-831-4297Senior Vice
President, Investor Relations and
Strategydbujnicki@kimcorealty.com
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