Regency Centers Unveils New Shopping Center Development
Regency Centers has officially announced the launch of a new shopping center development anchored by Safeway. This exciting project, known as Oakley Shops at Laurel Fields, marks a significant milestone for Regency as it ventures into new markets. The Oakley Shops will offer around 79,000 square feet of retail space and is strategically situated at the signalized intersection of Laurel Road and O’Hara Avenue. This prime location is set to serve the local community by meeting the demand for high-quality retail and grocery options in the area.
Insights on the Oakley Shops Development
The forthcoming Oakley Shops will feature Safeway, which will occupy approximately 56,000 square feet. In addition to the grocery store, there will be 23,000 square feet allocated for other retail, dining, and essential services. Given the current interest in this prime retail location, several merchants are actively engaged in lease negotiations, suggesting a promising mix of tenants that will cater to shoppers' needs and enhance the community's offerings.
Leadership Perspectives
John Mehigan, Senior Vice President of Investments at Regency Centers, shared his enthusiasm for the Oakley Shops project. He highlighted that this development not only showcases Regency’s ability to identify market opportunities but also reflects the strength of their partnerships with top-tier operators. Mehigan stated, “Best-in-class operators know that we can make projects happen, and that our focus on long-term ownership will deliver a quality property in a prime location.”
Dedication to Excellence
Craig Ramey, Development Partner for Regency Centers, provided his insights on the company's philosophy. He remarked, “Regency has a unique ability to find opportunity and untapped value, regardless of headwinds or hurdles.” This commitment to excellence and strategic growth continues to bolster Regency's reputation within the real estate sector.
Overview of Regency Centers
Regency Centers is recognized as a leading national owner, operator, and developer of shopping centers, focusing on suburban areas with strong demographics. The company’s portfolio includes successful properties supported by highly productive grocers, restaurants, and top-tier retailers. Regency operates as a fully integrated real estate company, distinguishing itself as a qualified real estate investment trust (REIT) that is self-administered and self-managed. Additionally, the company is a proud member of the S&P 500 Index, underscoring its financial strength and stability.
Contact Information
If you're interested in learning more about the Oakley Shops and potential leasing opportunities, please reach out to Michelle Rooney via email at MichelleRooney@regencycenters.com.
Frequently Asked Questions
What is the Oakley Shops development?
The Oakley Shops is a new shopping center anchored by Safeway, featuring approximately 79,000 square feet of retail space.
Where is the Oakley Shops located?
It is located at the intersection of Laurel Road and O’Hara Avenue.
Who can I contact for leasing opportunities at Oakley Shops?
For leasing opportunities, you can contact Michelle Rooney at MichelleRooney@regencycenters.com.
What companies are involved in the Oakley Shops project?
Regency Centers is leading the development with Safeway as the primary anchor tenant.
How does Regency Centers select new development locations?
Regency Centers evaluates market demand and seeks to fill gaps in high-quality retail and grocery options in suburban areas.
