In the latest chapter in the trend of reimaging old shopping centers to meet new consumer habits, Kimco Realty Corp. wants to redevelop a Palm Beach Gardens retail complex into a health and wellness facility including apartments. Traditional retail has faced major headwinds from online competition and shifting brand preferences. As a national retail owner, New York-based Kimco Realty (NYSE: KIM) has a new plan for Palm Beach Gardens Plaza, formerly Loehmann’s Plaza, which was built in 1982.
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