Kimco plans makeover for Palm Beach Gardens shopping center

Plans call for construction of a fitness club, rental apartments and commercial space

Miami /
Aug.August 13, 2017 01:30 PM

Kimco Realty plans to redevelop its shopping center in Palm Beach Gardens by building a fitness club, rental apartments and commercial space there.

Kimco’s plan would transform Palm Beach Gardens Plaza, formerly known as Loehmann’s Plaza, a 14-acre property just east of Interstate 95 at the intersection of PGA Boulevard and RCA Boulevard.

The redevelopment plan arose from a lawsuit Kimco filed against the city of Palm Beach Gardens in 2013. Kimco sued after the city rejected its plan to put a BJ’s Wholesale Club at the shopping center.

In January, the city approved a settlement of the lawsuit with terms that require Kimco to submit a formal plan to redevelop the shopping center by December.

Kimco would build a three-story Life Time fitness club, 200 luxury apartments and 25 loft apartments, plus residential parking, retail shops, restaurants and office space. Kimco is a real estate investment trust based in New York. [Palm Beach Post] Mike Seemuth


Related Articles

arrow_forward_ios
Serena Williams with 7703 Bold Lad Road and 6431 River Pointe Way (Getty, Google Maps)
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Serena Williams sells Palm Beach Gardens home after buying Yadier Molina’s Jupiter mansion
Robert Lapidus and David Levinson with 333 Central Gardens Circle, Palm Beach Gardens (Getty, Central Gardens)
L&L founders pay $47M for Palm Beach Gardens apartments
L&L founders pay $47M for Palm Beach Gardens apartments
Olen Properties's Igor Olenicoff and Northwestern's John Schlifske with 4045 Central Gardens Way, Palm Beach Gardens (Getty, Twitter)
Olen Properties pays $80M for Palm Beach Gardens apartments
Olen Properties pays $80M for Palm Beach Gardens apartments
The Palm Beach Gardens office towers
DiVosta family sells Palm Beach Gardens office towers for $80M
DiVosta family sells Palm Beach Gardens office towers for $80M
12251 Tillinghast Circle and Elin Nordegren (Credit: Google Maps and Gustavo Caballero/Getty Images)
Tiger Woods’ ex-wife buys Palm Beach Gardens home
Tiger Woods’ ex-wife buys Palm Beach Gardens home
Jack Niklaus and a rendering of the Panther National Clubhouse (Getty)
Jack Nicklaus to design golf course at Avenir in Palm Beach Gardens
Jack Nicklaus to design golf course at Avenir in Palm Beach Gardens
Waterway Café (Facebook)
Waterway Cafe in Palm Beach Gardens sells for $13M
Waterway Cafe in Palm Beach Gardens sells for $13M
Jeff Bezos and 700 Lincoln Road (Getty, Lincoln Road BID)
Amazon to open store on Lincoln Road
Amazon to open store on Lincoln Road
arrow_forward_ios

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

Loading...