ORLANDO, Fla.--(Business Wire)--
Kimco Realty Corporation (NYSE: KIM) is on schedule for an October
2008 Grand Opening of SoDo, an urban mixed-use lifestyle center
located in Orlando, Florida.
Work is continuing at SoDo, a true urban in-fill, mixed-use
development on 20 + acres between Grant and Crystal Lake streets on
South Orange Avenue in Orlando. This highly anticipated project,
located just south of downtown Orlando, is anchored by SuperTarget, TJ
Maxx and 24 Hour Fitness. The development will also include
restaurants, additional specialty retail, luxury residential units and
state-of-the-art office space, all contained in a pedestrian-friendly
atmosphere.
"This is a catalytic project for the redevelopment of Orange
Avenue. With places to live, work and play, SoDo is a welcome addition
to Orlando's urban core and serves as a gateway to downtown Orlando,"
says Orlando City Commissioner Patty Sheehan.
Since construction began, the center's owner and developer, Kimco
Realty Corporation, has received a great deal of interest from the
public who are looking to make SoDo their next place "to be and be
seen" in Orlando. With affordable rents and its convenient location to
downtown's central business district, hospitals, and residential
neighborhoods, many consider SoDo to be the crown jewel of this
emerging South Orange area.
"SoDo will provide residents and visitors with a perfect
combination of shopping, recreation, and business in one environment,
without the hassle of downtown traffic or access to parking", explains
Seth Layton, Kimco's Executive Vice President - Florida Region. "SoDo
and its village-like setting will be a welcomed addition to the South
Orange area."
In addition to restaurants and boutique shops, SoDo will boast
over 70,000 square feet of various sized office suites. Morrison
Commercial, the office brokerage firm for the project, is accepting
reservations for space, which will include free parking. Wood Partners
of Orlando, the project's residential developer, will soon begin
pre-leasing its 300+ luxury apartments. North American Properties,
Inc. serves as a development partner in this joint venture project.
For more retail leasing information about SoDo, contact Susie
Hazzi with Kimco Realty Corporation at 407-302-4440. Residential
information can be obtained by calling Wood Partners at 407-599-7011.
For office leasing, contact Emily Zinaich of Morrison Commercial at
407-219-3500. You can also visit the SoDo website at
www.sodo-orlando.com.
About Kimco
Kimco Realty Corporation, a real estate investment trust (REIT),
owns and operates the nation's largest portfolio of neighborhood and
community shopping centers. As of March 31, 2008, the company owned
interests in 1,948 properties comprising 180 million square feet of
leasable space across 45 states, Puerto Rico, Canada, Mexico and
Chile. Publicly traded on the NYSE under the symbol KIM and included
in the S&P 500 Index, the company has specialized in shopping center
acquisitions, development and management for 50 years. For further
information, visit the company's web site at www.kimcorealty.com.
Kimco Realty Corporation
Seth Layton, 407-302-6515
Executive Vice President - Florida Region
slayton@kimcorealty.com
Copyright Business Wire 2008
