Kimco Realty plans to interchange a movie show at its growing older Hollywood procuring middle with a 120,000-square-foot Dick’s Sporting Items retailer.
It will be the primary part of Kimco’s deliberate long-term redevelopment of the Oakwood Plaza simply east of I-95 between Sheridan Avenue and Stirling Street.
Kimco, a Jericho, New York-based actual property funding belief, is looking for approval of a website plan for the sporting items retailer with a design that includes an adjoining athletic discipline alongside I-95 and an indoor mountain climbing wall. Dick’s Sporting Items would function the shop below its Dick’s Home of Sport model, which the New York-based retailer launched in 2021 to supply clients on-site recreation.
Closing approval of the proposed website plan for Dick’s Home of Sport retailer is pending a vote by the Hollywood Metropolis Fee. The Hollywood Planning and Improvement Board voted final week to advocate approval, however as a situation, required Kimco to current the fee with an alternate plan that repositions the fence-enclosed athletic discipline away from I-95.
Kimco would clear the 8-acre growth website at 3800 Oakwood Boulevard by demolishing the Oakwood 18 movie show, owned by Regal Cinemas, and close by parking heaps, all within the southwest nook of Oakwood Plaza, close to the interchange of Sheridan Avenue and I-95. Regal Cinemas is a tenant of Dania Pointe, the mixed-use growth simply north of Oakwood Plaza in Dania Seashore, which Kimco additionally owns.
Kimco’s deliberate redevelopment of Nineteen Nineties-era Oakwood Plaza will proceed from the southern finish of the procuring middle to the northern finish, Dennis Mele, an lawyer for the corporate, stated on the Feb. 11 assembly of the Hollywood Planning and Improvement Board.
“We’d begin on the south and work our method north, as a result of these shorter-term leases are within the south, a few of that are already expiring, just like the movie show,” Mele stated. “And that’s why we’re capable of substitute that now.” Leases within the northern finish of the procuring middle have expiration dates as distant as 2069. The procuring middle’s three greatest tenants are BJ’s Wholesale, Metropolis Furnishings, and Residence Depot.
“That is going to be an over-30-year redevelopment,” he stated. “We have now to do it in phases, as these leases come due.”
Kimco, led by Govt Chairman Milton Cooper and CEO Conor Flynn, can also be working with metropolis officers on the primary residential undertaking at Oakwood Plaza. In a gathering Oct. 7 with town’s Technical Advisory Committee, Kimco proposed a website plan for an eight-story, 282-unit house constructing on vacant land within the southeast nook of Oakwood Plaza.
At year-end 2024, Kimco had possession pursuits in 568 U.S. procuring facilities and mixed-use properties with a complete of 101 million sq. toes of leasable area, based on a launch.
