Reit Magazine - March/April 2021 - 50

Credit: Kimco

Take a Seat

Rooftop lawns extend
the available living
space at Lincoln
Square.

On the Corner

Lincoln Square
bridges the gap
between the South
Philly and Center City
neighborhoods

product, " Simmons
says. Residents can use
state-of-the-art indoor
and outdoor features
including a fitness club,
outdoor running track,
bike storage, dog run,
pet grooming station,
golf simulator, and a
green roof with outdoor
kitchens, group gathering spaces, lawns and
fire pits. Community
members can also enjoy
the new Lincoln Walk:
an outdoor seating and
gathering space that will
host special events and
programming.

50 |

reit

With the train shed
transformed into a
Sprouts and linked with
the adjacent residential
tower, the block became
an anchor for residents
and visitors to the
community. " Lincoln
Square is rich in retail
offerings and public
space that will invigorate
the surrounding area as
much as the community
of tenants who call it
home, " Michael Prifti,
principal at BLT Architects, noted in advance
of its 2018 launch.

BRIDGING
NEIGHBORHOODS
The benefits go
beyond serving Lincoln
Square's residents-
the project has
expanded muchneeded retail and
grocery offerings
to a neighborhood
previously considered
a " food desert, " along
with adding jobs and
tax revenue.
" Lincoln Square created hundreds of new
jobs for Philadelphians,
brought a reputable
fresh grocer into the

market, and brought
other much-needed
retail offerings, many
of which were specifically requested by the
surrounding residents, "
says Councilmember
Johnson.
Gibbons adds that
Lincoln square has
replaced an underutilized piece of property
and become the most
prominent retail
development in the
southern section of
Philadelphia in the last
few years. " We're proud
to be bringing fresh
food at an affordable
price to people who
beforehand, didn't have
access to high quality,
farm fresh products, "

he adds, in reference
to Sprouts. " We've
had an overwhelming
reception from the
community since we
opened our doors. "
Sprouts, which
employs roughly 100
workers, along with the
Lincoln Square's other
retailers, have been
able to weather the
challenges brought by
the COVID-19 pandemic by continuing
to supply essential
products and services
to the neighborhood.
The mix of Lincoln's
Square's offering
makes it " a prototype
example of necessity
retail, " according to
Simmons.
For Kimco, a measure
of success for Lincoln
Square is that the project has prompted other
new developments in
the area and proven the
economic potential of
the neighborhood.
" We welcome these
new projects wholeheartedly because they
really justify the critical
mass that we always
believe that could be
assembled at Broad and
Washington streets-it's
become an epicenter, "
Simmons says.
In a city of neighborhoods like Philadelphia,
the right mix of retails
and thoughtfully
designed multi-family
residential has helped
bridge the gap between
them. " We always
believed that the
balance of the area was
ripe to really pop and
continue to be developed and we're seeing
that, even through the
pandemic, " he adds.



Reit Magazine - March/April 2021

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