Kimco Realty plans to replace a movie theater at its aging Hollywood shopping center with a 120,000-square-foot Dick’s Sporting Goods store.
It would be the first phase of Kimco’s planned long-term redevelopment of the Oakwood Plaza just east of I-95 between Sheridan Street and Stirling Road.
Kimco, a Jericho, New York-based real estate investment trust, is seeking approval of a site plan for the sporting goods store with a design featuring an adjoining athletic field along I-95 and an indoor rock climbing wall. Dick’s Sporting Goods would operate the store under its Dick’s House of Sport brand, which the New York-based retailer introduced in 2021 to offer customers on-site recreation.
Final approval of the proposed site plan for Dick’s House of Sport store is pending a vote by the Hollywood City Commission. The Hollywood Planning and Development Board voted last week to recommend approval, but as a condition, required Kimco to present the commission with an alternative plan that repositions the fence-enclosed athletic field away from I-95.
Kimco would clear the 8-acre development site at 3800 Oakwood Boulevard by demolishing the Oakwood 18 movie theater, owned by Regal Cinemas, and nearby parking lots, all in the southwest corner of Oakwood Plaza, near the interchange of Sheridan Street and I-95. Regal Cinemas is a tenant of Dania Pointe, the mixed-use development just north of Oakwood Plaza in Dania Beach, which Kimco also owns.
Kimco’s planned redevelopment of 1990s-era Oakwood Plaza will proceed from the southern end of the shopping center to the northern end, Dennis Mele, an attorney for the company, said at the Feb. 11 meeting of the Hollywood Planning and Development Board.
“We would start at the south and work our way north, because those shorter-term leases are in the south, some of which are already expiring, like the movie theater,” Mele said. “And that’s why we’re able to replace that now.” Leases in the northern end of the shopping center have expiration dates as distant as 2069. The shopping center’s three biggest tenants are BJ’s Wholesale, City Furniture, and Home Depot.
“This is going to be an over-30-year redevelopment,” he said. “We have to do it in phases, as these leases come due.”
Kimco, led by Executive Chairman Milton Cooper and CEO Conor Flynn, is also working with city officials on the first residential project at Oakwood Plaza. In a meeting Oct. 7 with the city’s Technical Advisory Committee, Kimco proposed a site plan for an eight-story, 282-unit apartment building on vacant land in the southeast corner of Oakwood Plaza.
At year-end 2024, Kimco had ownership interests in 568 U.S. shopping centers and mixed-use properties with a total of 101 million square feet of leasable space, according to a release.