Long Island Cheat Sheet: Kimco Realty sells 21 shopping centers for $219M … & more

New York /
Apr.April 09, 2018 02:50 PM

Clockwise from top left: Suffolk officials approved a $1 billion arena for Ronkonkoma, Great Neck weighs a mixed-use building, New Hyde Park’s Kimco Realty sold 21 of its shopping centers and a residential development is three parking spaces shy of approval.

New Hyde Park’s Kimco sells 21 shopping centers worth $219M
New Hyde Park-based Kimco Realty sold off 21 of its shopping centers in the first quarter of this year. The centers sold include a five-property portfolio spread across Florida and Georgia for $72.7 million. The company hopes to sell off as much as $900 million in its holdings. [LIBN]

$1B sports arena plan selected for Ronkonkoma site
Suffolk County officials have green-lit a proposal for a 17,500 arena for a 40-acre site in Long Island MacArthur Airport in Ronkonkoma, Newsday reported. JLL and investment banker Ray Bartoszek pitched the $1 billion arena that’d be run by the same company that owns the Philadelphia Flyers and their arena. The development will also include a 500-room hotel, 200,000 square feet for offices, 160,000 square feet for medical research and 90,000 square feet for retail and restaurants. [Newsday]

Great Neck weighs mixed-use development
A 25,610-square-foot building with 11 apartments and more than 3,000 square feet of retail space could be coming to Great Neck Plaza. Jericho-based Spiegel Associates pitched the project designed by architect Mark Stumer of Greenvale-based Mojo Stumer Associates. The development still needs to go through an environmental review process, but mayor expects it to be approved in the next few months. [LIBN]

Farmingdale development held up by 3 missing parking spaces
A plan for an $18 million Farmingdale mixed-use project was still missing three parking spots ahead of a village board vote Monday. Hauppauge-based Staller Associates Inc. is behind the plan, hoping to build a 54-unit apartment building and retail storefront space. The plan, as submitted, had 87 parking spots, three shy of what the village’s code requires. The mayor noted that the developer could tweak its plan and meet the requirements. [Newsday]

Analysis of Lindenhurst’s walkability to be used in revitalization budget allocation
Lindenhurst’s board of trustees chose Greenman-Pedersen Inc. of Babylon to study the town’s walkability. The study is expected to take a year, but early findings will be used in applications for state money to fund various revitalization projects. [Newsday]


Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
This former plantation in Virginia was purchase by an Air Force veteran who later found out his relatives had been enslaved there. (Google)
Air Force vet unknowingly buys home where his ancestors were enslaved
Air Force vet unknowingly buys home where his ancestors were enslaved
The Colorado Fire burns down toward the Bixby Bridge in Big Sur, California, early Saturday morning. (Photo by Karl Mondon/MediaNews Group/The Mercury News via Getty Images)
Wildfire near Big Sur sends hundreds fleeing
Wildfire near Big Sur sends hundreds fleeing
360 Kingsland Avenue in Greenpoint, Brooklyn (Google)
Sitex Group pays $30M for Greenpoint industrial property
Sitex Group pays $30M for Greenpoint industrial property
(Getty)
Intel investment in new Ohio chip plant could reach $100B
Intel investment in new Ohio chip plant could reach $100B
Et tu, Caravaggio? Roman home asking $534M gets zero bids at auction
Et tu, Caravaggio? Roman home asking $534M gets zero bids at auction
Et tu, Caravaggio? Roman home asking $534M gets zero bids at auction
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...