{"id":1004039873,"date":"2012-03-22T07:50:49","date_gmt":"2012-03-22T15:50:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004037732"},"modified":"2022-12-03T01:38:44","modified_gmt":"2022-12-03T09:38:44","slug":"regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/","title":{"rendered":"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A."},"content":{"rendered":"

By Barbra Murray, Contributing Editor<\/strong><\/p>\n

Marking its second California development project of the year, Regency Centers has commenced construction on South Bay Village, a 109,300-square-foot neighborhood shopping center in Torrance, 19 miles outside of downtown Los Angeles. The retail property developer will invest $30 million in the project.<\/p>\n

Timing is everything and, according to Regency Centers, the timing is just right for their latest construction endeavor. \u201cSouth Bay Village has extraordinary demographics, which provide the foundation for strong retail sales,\u201d Mac Chandler, western region managing director for Regency Centers, told\u00a0Commercial Property Executive<\/em>. \u201cMany of the retailers in this area enjoy the highest sales in the Los Angeles region. We and our tenants at South Bay Village believe that they, too, will prosper.\u201d<\/p>\n

With Moorefield Construction on hand to spearhead building activities, South Bay Village will sprout up on a site — once home to a Kmart store — that will be renovated and expanded to accommodate new tenants. Orchard Supply Hardware and HomeGoods will anchor the Architects Orange-designed property, occupying approximately 49,700 square feet and 25,100 square feet, respectively. Another anchor spot featuring 30,000 square feet will be available, as will a single outparcel.<\/p>\n

As Chandler notes, the national retail market has yet to fully recover. However, the climate for retail is a lot sunnier in Los Angeles County, particularly in the South Bay area. Los Angeles County closed 2011 with a respectable overall vacancy rate of 6 percent, according to a report by commercial real estate services firm CBRE Group Inc. And in the South Bay submarket, the rate was an even more enviable 3.4 percent.<\/p>\n

The location of South Bay Village will provide the development with an added boost. The property sits in an infill location surrounded by shoppers who are financially able to spend; there are 242,000 residents with an average annual household income of more than $90,000 within a three-mile radius of the shopping center. Regency saw the potential for the project years ago, when it financed a property loan featuring an option to buy.<\/p>\n

The debut of South Bay Village\u2019s first anchors will commence in September of this year.<\/p>\n

Regency Centers is clearly in a construction state of mind. Earlier this month, the developer began building the 260,000-square-foot Southpark at Cinco Ranch neighborhood center in suburban Houston, and in in February, kicked off the development of the 378,000-square-foot East Washington Place community center<\/a> in Petaluma, Calif., near San Francisco.<\/p>\n","protected":false},"excerpt":{"rendered":"

Marking its second California development project of the year, Regency Centers has commenced construction on South Bay Village, a 109,300-square-foot neighborhood shopping center in Torrance, 19 miles outside of downtown Los Angeles. The retail property developer will invest $30 million in the project.<\/p>\n","protected":false},"author":969,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,21742,21749,15],"tags":[],"class_list":["post-1004039873","post","type-post","status-publish","format-standard","hentry","category-brokerage","category-development","category-latest","category-retail","category-west"],"acf":[],"yoast_head":"\nRegency Centers Begins Construction on 109 KSF Retail Property Near L.A. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.\" \/>\n<meta property=\"og:description\" content=\"Marking its second California development project of the year, Regency Centers has commenced construction on South Bay Village, a 109,300-square-foot neighborhood shopping center in Torrance, 19 miles outside of downtown Los Angeles. The retail property developer will invest $30 million in the project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-03-22T15:50:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-03T09:38:44+00:00\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.\",\"datePublished\":\"2012-03-22T15:50:49+00:00\",\"dateModified\":\"2022-12-03T09:38:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/\"},\"wordCount\":407,\"commentCount\":0,\"articleSection\":[\"Brokerage\",\"Development\",\"News\",\"Retail\",\"West\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/\",\"name\":\"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A. - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"datePublished\":\"2012-03-22T15:50:49+00:00\",\"dateModified\":\"2022-12-03T09:38:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A. - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/","og_locale":"en_US","og_type":"article","og_title":"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.","og_description":"Marking its second California development project of the year, Regency Centers has commenced construction on South Bay Village, a 109,300-square-foot neighborhood shopping center in Torrance, 19 miles outside of downtown Los Angeles. The retail property developer will invest $30 million in the project.","og_url":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-03-22T15:50:49+00:00","article_modified_time":"2022-12-03T09:38:44+00:00","author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.","datePublished":"2012-03-22T15:50:49+00:00","dateModified":"2022-12-03T09:38:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/"},"wordCount":407,"commentCount":0,"articleSection":["Brokerage","Development","News","Retail","West"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/","url":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/","name":"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A. - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"datePublished":"2012-03-22T15:50:49+00:00","dateModified":"2022-12-03T09:38:44+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/regency-centers-begins-construction-on-109-ksf-retail-property-near-l-a\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Regency Centers Begins Construction on 109 KSF Retail Property Near L.A."}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004039873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004039873"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004039873\/revisions"}],"predecessor-version":[{"id":1004614472,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004039873\/revisions\/1004614472"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004039873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004039873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004039873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}