Kimco Realty Announces Phase I Groundbreaking at Dania Pointe, the Company’s Newest Open-Air Lifestyle Destination in Broward County, FloridaThursday, August 10th, 2017
Source : Businesswire.com
Phase I of the Kimco Signature Series development is approximately 80% preleased as construction kicks off
NEW HYDE PARK, N.Y.–(BUSINESS WIRE)–Dania Pointe continues to take shape in Southern Broward County, Florida, as Kimco Realty Corp. (NYSE:KIM) announces the groundbreaking of building construction at the project’s Phase I retail portion, expected to open for the 2018 holiday season. Phase I comprises 300,000 square feet of retail, which is approximately 80% preleased to a variety of national and regional brands including TJ Maxx, Hobby Lobby, BrandsMart and Ulta Beauty, along with several restaurants.
“We’re thrilled with the level of leasing activity we’ve seen to date at Dania Pointe,” said Paul Puma, President of Kimco’s Southern Region. “The construction of Phase I retail is a significant step towards the realization of the innovative live, work, play environment that we envision for this Kimco Signature Series development.”
“With the Dania Pointe project, combined with our adjacent Oakwood Plaza property, Kimco now controls three full exits of frontage along I-95, totaling approximately two miles”
Upon completion, Dania Pointe will be a comprehensive open-air lifestyle community incorporating over 100 national and local retail tenants and restaurants in approximately 1 million square feet of space, complemented by up to 500,000 square feet of Class A office space, 1,000 luxury rental apartments and condominiums, and two signature hotels. With more than a dozen unique restaurants and entertainment venues, Dania Pointe will quickly become “the place to be” in Greater Fort Lauderdale and much of South Florida.
“With the Dania Pointe project, combined with our adjacent Oakwood Plaza property, Kimco now controls three full exits of frontage along I-95, totaling approximately two miles,” said Conor Flynn, Kimco’s Chief Executive Officer. “The strong demand we continue to see for locations of this caliber indicates a bright future for Kimco as we redevelop and reimagine our real estate.”
Dania Pointe will be easily accessible to tri-county residents and tourists alike, with its prime location less than 10 minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades, and just 20 minutes from the upscale communities of Weston and Plantation to the west; Fort Lauderdale and Pompano Beach to the north; and Hollywood and North Miami Beach to the south. Immediately adjacent to I-95, it will serve as a central location for residents travelling north and south on I-95, as well as east and west on I-595.
Dania Pointe retail leasing and office development opportunities are available. For more information, visit DaniaPointe.com.
ABOUT KIMCO REALTY
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 June 30, 2017, the company owned interests in 510 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.
Kimco Realty Corp.
Jennifer Maisch, 516-869-7224
Director, Corporate Communications
Spencer Phelps, 407-302-6518
Senior Director of Real Estate