Kimco Realty, a New York-based developer, hopes to get approval for two 12-story towers in Kendall, Florida. The high-rise buildings would offer a total of 630 apartments. One tower could comprise 269 units, offering 13,000 square feet of retail.
The other tower would offer 361 apartments and close to 22,000 square feet of retail. According to the Real Deal, the homes themselves will range from studios to three-bedroom layouts, measuring 528 square feet to 1,615 square feet each.
The venture could join an emerging trend of redeveloping malls.
The towers will reach completion in phases, with the 269-apartment tower being part of the first phase. The South Florida Business Journal notes that upon completion of the second phase, the community would offer amenity decks, swimming pools, and parking garages.
If approved, the two-tower development would follow a trend of redeveloping shopping malls. Kimco Realty’s project would be located at the Palms at Town & Country Mall in Kendall. It was developed in 1985 and spans 67.1 acres
The venture could be located in Miami-Dade County.
Sources report that Kimco Realty has owned most of the mall since Weingarten Realty Investors (the former owner) merged with it. The two towers would rest on a build site measuring seven acres. The development’s address would be located at 11800 Mills Drive, Kendall, Florida, 33183, in Miami-Dade County.
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