Target has opened more than 25 flexible format stores since 2012. Although smaller by square footage, these stores still offer everything that frequent Target shoppers have come to know and love. Emphasizing a locally-relevant experience, flexible Targets’ unique store designs contain a curated product assortment and one-of-a-kind features — all geared towards the surrounding market’s demographics.… Read More
The so-called “Disneyland of dairy stores” is the newest tenant joining our Airport Plaza shopping center in Farmingdale, New York. We recently broke ground for the long-awaited arrival of Stew Leonard’s to Long Island, which will include a façade redevelopment for the highly-anticipated grocer.… Read More
A friend trying to rehab a stubborn running injury stopped going to physical therapy because commuting three times a week to the medical complex for several months was impossible between work and family obligations. Yet the demand for medical services is growing, driven by factors such as an aging population, rising obesity rates, more elective and cosmetic procedures, and greater participation in endurance sports, particularly among older athletes.… Read More
“Location, location, location” is the classic rule for real estate business success. And for small business owners, it’s often the #1 factor that influences your ability to catapult your business to its full potential.
It might sound easy enough. But choosing the right location for your business is one of the most challenging and confusing decisions for entrepreneurs to make.… Read More
This week Target announced plans to open two smaller format stores, formerly known as TargetExpress, in Long Island later this year. One of these stores will be in our Meadowbrook Commons center in Freeport, New York. These will join three other flexible format stores opening throughout the New York City boroughs in 2016.… Read More
Stretching from central New Jersey through New England to the state of Maine, the Northeast region has long occupied a special place in Kimco’s portfolio.… Read More
Store layout and design play an important role in attracting consumers in the retail industry, but what is it exactly that reels in customers and keeps them coming back for more?… Read More
The Long Island retail market has grown significantly over the past few years, and is one of Kimco’s strongest markets. I talked in depth about this recently as a panelist for ICSC’s “Long Island Retail from All Sides” program. The event provided a snapshot into Long Island’s current and future retail market from the perspectives of several industry professionals.… Read More
New Yorkers are known for their partiality to their borough. So I might ruffle some feathers with what I’m about to say. But I think you’ll understand my reasoning by the end of my post. Staten Island is the jewel of New York, and a great area to own retail real estate from Kimco’s perspective.… Read More
Long Island has been abuzz recently with excitement over the grand opening of Stew Leonard’s at Kimco’s Airport Plaza in Farmingdale, New York. Nicknamed “The Disneyland of Dairy,” the grocery store opened its doors to swarms of crowds on January 20 at what is its fifth store and first Long Island location.… Read More
The retail market in Boston, Massachusetts was always a famously tough nut to crack. Demand for space has increased while the vacancy rate, currently hovering only around 4.3 percent, has been in steady decline. Rents are on the rise in this densely infilled market and new construction is booming all over the city and out into the suburban ring.… Read More
Kimco is continuing to redevelop its Richmond Shopping Center on Staten Island, with a major piece coming into place earlier this month. Target opened a new store at the center, cutting the ribbon on 135,000-square-feet of big-box shopping.
The Long Island retail market experienced little fluctuation in the first quarter 2012, with the vacancy rate holding at 4.5 percent, net absorption coming in at a positive 250,884 square feet, and vacant sublease space dropping by 36,095 square feet.… Read More