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Columbia, Md.: Kimco creates its first mixed-use property

 

Kimco Realty Corp.  has signed three new leases, including Starbucks, at its Wilde Lake center in Columbia, Maryland, on the heels of a dramatic $18.1 million redevelopment which transformed the project into a mixed-use destination with 230 residential rental units, 30,000 square feet of office space, 41,000 square feet of retail, and 20,000 square feet of restaurants.

 

Starbucks is opening both a café and a drive thru in fall 2017. In addition to Starbucks, Kimco has signed leases withDynamic Dental Care LLC, which opened December 2016; and Salons by JC, scheduled to open in early fall 2017 above David’s Natural Market.

 

“Kimco’s redevelopment has inspired a flurry of activity by existing tenants, enhancements to the Village’s swim center and water park amenity, construction of a new net-zero energy middle school, an expanding interfaith center, and new pedestrian and cycling pathways,” stated Kevin McAliley, Wilde Lake Village Board Chair. “Active home owners associations, involved neighborhood representatives and local leaders have noticed the new Wilde Lake center has created a movement toward improvements, renovations and investment throughout our village. We welcome Starbucks, Salons by JC, Dynamic Dental Care and the many new tenants and residents joining our vibrant and growing community.”

 

Wilde Lake Village Center is located in Columbia, Maryland, conveniently situated between Washington, D.C. and Baltimore on 7.4 acres. The redevelopment encompassed freshly-paved walking paths, outdoor seating areas, and community space. New landscaping throughout the center enhanced the existing vegetation, along with stamped concrete walkways and crosswalks, and impervious paver parking spaces. Wilde Lake is a LEED-certified project. As part of the redevelopment, existing grocer David’s Market expanded into a new, larger, and LEED-certified facility, featuring a contemporary interior floor plan with an interior/exterior café.

 

“These three tenants are a wonderful addition to the area,” said Tom Simmons, President, Mid-Atlantic Region at Kimco. “They are a direct result of our redevelopment of the shopping center to better reflect the current demographics of the area and improve the shopping experience. Starbucks was especially attracted by the residential component of the center, as it ensures a steady stream of foot traffic to their location. Whether it’s a resident of Wilde Lake Village Center or a visiting customer, we have a range of high-quality services, retailers, and dining options for everyone.”

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