Kmart redevelopment underway in Rehoboth
Story Location:
19563 Coastal Highway
Rehoboth Beach, DE 19971
United States
The redevelopment of the Kmart in Rehoboth Beach has begun.
The property, 19563 Coastal Highway, is owned by Seritage Growth Properties. The Maryland-based real estate investment trust has 266 properties, containing approximately 42 million square feet of building space, in 49 states and Puerto Rico. The Kmart in Rehoboth is the company’s only Delaware property.
According to the company’s 2017 first-quarter operating results, published May 4, the 56,700-square-foot property is being redeveloped to include a Christmas Tree Shops and That!, and a PetSmart. The report says the project is expected to be substantially completed by the first quarter of 2018.
The Rehoboth redevelopment project is one of 38 the company is undertaking and one of 17 that are estimated to cost under $10 million. Of the remaining projects, 16 are in the $10 million to $20 million range and five are over $20 million.
Chris Flood has been working for the Cape Gazette since early 2014. He currently covers Rehoboth Beach and Henlopen Acres, but has also covered Dewey Beach and the state government. He covers environmental stories, business stories and random stories on subjects he finds interesting, and he also writes a column called Choppin’ Wood that runs every other week. Additionally, Flood moonlights as the company’s circulation manager, which primarily means fixing boxes that are jammed with coins during daylight hours, but sometimes means delivering papers in the middle of the night. He’s a graduate of the University of Maine and the Landing School of Boat Building & Design.
