We expect to invest $400 million in redevelopment projects over the next few years.
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We're focusing on increasing the value of our centers – for consumers, communities and the company alike.

F O C U S E D on Quality and Value

Our redevelopment projects bring new life to outmoded shopping centers in strong locations.

Whenever we rebuild, expand, or reconfigure space to attract highly coveted national retailers, we create quality and value – in the form of increased economic activity, jobs, and tax revenues for communities; more attractive shopping environments and choice for consumers; and stronger returns for Kimco shareholders.

Even the environment benefits: using energy-efficient design and sustainable materials, our revamped centers are greener than ever before.
With a 35 percent vacancy rate, Kimco saw an opportunity to revitalize the Wilde Lake Village Center in Columbia, Md., and once again make it a hub of community life in this affluent suburb of Baltimore. The $45 million project, which includes a $17 million investment by Kimco, will open up the center’s courtyard area and add new retail, office and residential space. Expected to be completed in 2014, the project is being built to LEED certification, with a new storm water management system and energy-efficient lighting and HVAC systems.
“I’m thrilled the 45-year-old Wilde Lake Village Center is being reinvented for the next 45 years. Kimco’s new, environmentally friendly design, created with extensive input from the community, remains true to the original vision James Rouse had for Columbia, my home town. Wilde Lake residents should be excited about this project, and with the Downtown Columbia plan coming to life, the future of this community could not be brighter.” - Howard County Executive Ken Ulman