–Kimco Realty and Bozzuto Introduce a New Mixed-Use Community on Philadelphia’s Main Line–
Washington, D.C. — January 13, 2026 — Kimco Realty and Bozzuto Development have opened Coulter Place in Ardmore, PA, marking the debut of the first and only apartment community in Suburban Square, one of the country’s first open-air shopping centers. The highly anticipated development introduces modern residential living to one of the region’s most vibrant, walkable lifestyle destinations. The community blends elevated design, extraordinary service and everyday convenience in the heart of Main Line Philadelphia.
The five-story, mixed-use development delivers 131 boutique apartment homes integrated with approximately 20,000 square feet of prime ground-floor retail space. The community is designed to meet strong demand for high-quality housing connected to walkable retail, dining and transit in the Philadelphia Main Line market.
“Coulter Place reflects the strength of our long-standing partnership with Kimco and our shared commitment to innovative, mixed-use development,” said Toby Bozzuto, President and CEO, Bozzuto. “This dynamic community builds on that foundation by strengthening Suburban Square’s economic vitality and offering a welcoming and distinctive place for new residents to call home.”
“Coulter Place represents the next chapter in Suburban Square’s evolution and a clear example of how we’re unlocking long-term value through thoughtful mixed-use development,” said Conor Flynn, CEO of Kimco Realty. “By introducing residential living directly into this iconic, walkable destination, we’re strengthening the center’s role at the heart of the community while creating a more vibrant, connected experience for residents, retailers, and visitors alike.”
The community features one-, two- and three-bedroom residences with modern interiors and a curated amenity program that includes resident lounges, fitness offerings and outdoor gathering areas. Residents benefit from immediate access to Suburban Square’s curated mix of retail, dining and services, as well as proximity to regional rail and major transportation corridors.
In addition to its prime location, Coulter Place is designed to meet the expectations of today’s renters with an elevated lifestyle experience and personalized customer service. Amenities such as flexible coworking spaces, social hubs, and curated resident programming foster community, convenience and connectivity, making the community a destination in its own right.
Coulter Place represents the latest milestone in Kimco Realty and Bozzuto’s continuing partnership, reflecting a shared focus on disciplined mixed-use development that enhances long-term asset value and community impact. Bozzuto Development was recognized as one of the 2025 National Association of Home Builder’s Best Multifamily Development Firms, reflecting the care and intention that shape the company’s work.
Project Facts – Coulter Place
Address: 115 Coulter Avenue, Ardmore, PA 19003
Website: www.CoulterPlace.com
Site Size: 1.69 acres
Residential Units: 131 units
Residential SF: 128,104 SF
Amenities: 7,700 SF
Developer: Kimco Realty and Bozzuto Development
Property Manager: Bozzuto Management
Architect: JKRP Architects
Interior Designer: Hartman Design Group
General Contractor: Bozzuto Construction Company
Sustainability: LEED Gold
Images here. Photo credit: Bozzuto
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About Bozzuto
Bozzuto is an experience-focused real estate company distinguished by its innovative developments, dedicated customer service, and top-rated workplace culture. With award-winning expertise in homebuilding, multifamily development, construction, and management, Bozzuto is devoted to delivering extraordinary experiences for those they serve.
Since its founding in 1988, Bozzuto has developed, acquired, and built more than 62,000 homes and apartments. Celebrating 37 years of creating sanctuary, Bozzuto currently manages 130,000 apartments and 4 million square feet of retail space across the U.S. For more information, visit Bozzuto.com.
About Kimco Realty®
Kimco Realty® (NYSE:KIM) is a real estate investment trust (REIT) and leading owner and operator of high-quality, open-air, grocery-anchored shopping centers and mixed-use properties in the United States. The company’s portfolio is strategically concentrated in the first-ring suburbs of the top major metropolitan markets, including high-barrier-to-entry coastal markets and Sun Belt cities. Its tenant mix is focused on essential, necessity-based goods and services that drive multiple shopping trips per week.
Publicly traded on the NYSE since 1991 and included in the S&P 500 Index, the company has specialized in shopping center ownership, management, acquisitions, and value-enhancing redevelopment activities for more than 65 years. With a proven commitment to corporate responsibility, Kimco Realty is a recognized industry leader in this area. As of September 30, 2025, the company owned interests in 564 U.S. shopping centers and mixed-use assets comprising 100 million square feet of gross leasable space.