XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.7.0.1

Note 3 - Real Estate Under Development | 6 Months Ended
--- | ---
Jun. 30, 2017
Notes to Financial Statements |
Real Estate Under Development [Text Block] | 3. Real Estate Under Development The Company is engaged in various real estate development projects for long-term investment. As of June 30, 2017, the Company had in progress a total of five active real estate development projects and two additional projects held for future development located in the U.S. The costs incurred to date for these real estate development projects are as follows (in thousands):
Property Name | Location |  | June 30 , 2017 |  |  | December 31, 2016 |
Grand Parkway Marketplace (1) | Spring, TX |  | $ | 129,414 |  |  | $ | 94,841 |
Dania Pointe (2) | Dania Beach, FL |  |  | 126,790 |  |  |  | 107,113 |
Promenade at Christiana | New Castle, DE |  |  | 28,734 |  |  |  | 25,521 |
Owings Mills | Owings Mills, MD |  |  | 28,226 |  |  |  | 25,119 |
Lincoln Square (3) | Philadelphia, PA |  |  | 47,481 |  |  |  | - |
Avenues Walk (4) | Jacksonville, FL |  |  | 48,573 |  |  |  | 73,048 |
Staten Island Plaza (5) | Staten Island, NY |  |  | 9,394 |  |  |  | 9,386 |
|  |  | $ | 418,612 |  |  | $ | 335,028 |
| ( 1 ) | During the six months ended June 30, 2017, the Company sold a land parcel at this development project for a sales price of $2.9 million.
| ( 2 ) | Includes $45.9 million of land held for future development.
| ( 3 ) | During the six months ended June 30, 2017, KIM Lincoln, LLC (“KIM Lincoln”), a wholly owned subsidiary of the Company, and Lincoln Square Property, LP (“Lincoln Member”) entered into a joint venture agreement wherein KIM Lincoln has a 90% controlling interest and Lincoln Member has a 10% noncontrolling interest. The joint venture acquired land parcels in Philadelphia, PA to be held for development for a gross purchase price of $10.0 million. Based upon the Company’s intent to develop the property, the Company allocated the gross purchase price to Real estate under development on the Company’s Condensed Consolidated Balance Sheets. This joint venture is accounted for as a consolidated VIE (see Footnote 6 ).
| ( 4 ) | Effective April 1, 2017, certain aspects of this development project, aggregating $24.5 million, were placed in service and reclassified into Operating real estate, net on the Company’s Condensed Consolidated Balance Sheets. The remaining portion of the project consists of a mixed-use project to be developed in the future.
| ( 5 ) | Land held for future development.
During the six months ended June 30, 2017, the Company capitalized interest of $5.2 million, real estate taxes and insurance of $1.2 million and payroll of $2.2 million, in connection with these real estate development projects.

X
- Definition The entire disclosure for real estate under development. + References No definition available. + Details
Name: | kim_RealEstateUnderDevelopmentTextBlock
Namespace Prefix: | kim_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration