In recent years, the retail and real estate industries have seen a shift as a result of changes in how consumers want to live, work, and play. They want convenience, and mixed-use developments are emerging all across the country to meet the demand for one-stop destinations where people can step outside of their home and run a quick errand or stop by the office.
At Kimco Realty, our portfolio is evolving as well. Our Signature Series® properties are the “needle-moving” projects in our portfolio which exemplify our transformation and highlight our focus on quality, concentration around core MSAs, and growth through redevelopment and development opportunities. Lincoln Square, located in downtown Philadelphia, is an excellent illustration of complementary uses combining to unlock an asset’s highest and best use. The new mixed-use development blends urban apartment-style living and 100,000 s/f of ground-floor retail, fully leased to notable brands such as Sprouts, Target, PetSmart, Chipotle, Insomnia Cookies, and Starbucks.