We told you HERE in February 2022 in a previous “Ask Bungalower” column that Kimco Realty Corporation had taken ownership of Colonial Plaza in the Milk District as part of a larger merger with Weingarten Realty Investors. In that post, we shared their early plans to convert some of the property into mixed-use apartment buildings rather than maintaining the single-use status quo.
Well, it seems as if they’re leaning even more into the vision of more housing on the property with updated plans to remove almost half of the current retail, rather than their original plan to focus on Barnes & Noble and PetCo.
According to our little birdies in City Hall, Kimco is in the very early stages of planning to remove all of the current retail facing Bumby Avenue; from Barnes & Noble to Old Navy, as well as the standalone building in the center of the property that houses a Starbucks and TooJay’s Deli, and the half of the far eastern building that houses Conn’s Home Plus and Marshall’s.
Kimco is looking to make the property more pedestrian friendly, decrease asphalt and add more greenery, and create some more public-friendly spaces for the neighborhood, and has hired BCT Design Group out of Baltimore to develop some possible design options for the plaza, including the one below. BCT has carried out a number of suburban mall developments over the year and you can see an example of the types of uses they’ll be pushing for the property by clicking HERE.
This project is in the very early stages of development and there is no public timeline to share at this time.