WASHINGTON 鈥� A luxury cineplex will be part of the redevelopment of Kentlands Market Square.
Kimco Realty Corp., which acquired Kentlands Market Square in Gaithersburg, Maryland last year, has signed a lease with Cinepolis USA, the first new tenant as part of Kimco’s comprehensive redevelopment of the 250,000-square-foot Whole Foods-anchored shopping center.
Cinepolis Luxury Cinemas-Gaithersburg will open in 2019. It is the company’s first Maryland location.
It will include in-theater waiter service, gourmet meals, a lobby lounge, beer wine and liquor, as well as fully-reclining leather seat auditoriums.
Kimco says it acquired Kentlands Market Square because of its prime redevelopment potential.
The multiyear project will include more pedestrian access, increased density and a revitalized Market Street. The center’s main street will include a “paseo” lined with cafes, boutiques and other stores.
Kimco, which owns more than 500 properties, is the largest owner of open-air shopping centers. Its more than two-dozen properties in the Washington area include Pentagon Centre, Dulles Town Crossing and Shops at District Heights.
