{"id":1004703729,"date":"2024-02-27T04:43:04","date_gmt":"2024-02-27T12:43:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004703729"},"modified":"2024-02-28T06:42:45","modified_gmt":"2024-02-28T14:42:45","slug":"regency-centers-to-build-connecticut-shopping-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/regency-centers-to-build-connecticut-shopping-center\/","title":{"rendered":"Regency to Build Connecticut Shopping Center"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a1aa87451f97&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004343434\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/hap-stein-steps-down-as-regency-centers-ceo\/lisa-palmer_825x825\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lisa-Palmer_825x825-e1709033481126.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Lisa Palmer_825x825\" data-image-description=\"&lt;p&gt;Regency Centers and Whole Foods Market have a long history and working relathionship. Regency Centers&#8217; President &#038; CEO Lisa Palmer Image courtesy of Regency Centers&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Regency Centers and Whole Foods Market have a long history and working relathionship. Regency Centers&#8217; President &#038; CEO Lisa Palmer Image courtesy of Regency Centers&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lisa-Palmer_825x825-e1709033481126.jpg?w=800\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lisa-Palmer_825x825-e1709033481126.jpg?w=300\" alt=\"Lisa Palmer\" class=\"wp-image-1004343434\" style=\"width:296px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lisa-Palmer_825x825-e1709033481126.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lisa-Palmer_825x825-e1709033481126.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/08\/Lisa-Palmer_825x825-e1709033481126.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Regency Centers&#8217; President &amp; CEO Lisa Palmer.<em> Image courtesy of Regency Centers<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Regency Centers Corp<\/strong>. plans to develop Cheshire Crossing, a 154,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/what-lies-ahead-for-retail-in-2024\/\">shopping center<\/a> in Cheshire, Conn. The retail property will rise on a 17.4-acre parcel the firm recently acquired within Stone Bridge Crossing, a 107-acre master-planned community that will comprise 300 multifamily units, 140 townhomes and carriage houses and a 125-key hotel at full buildout.<\/p>\n\n\n\n<p>Anchored by <strong>Whole Foods Market<\/strong>, Cheshire Crossing will also feature a 23,000-square-foot TJMaxx, an additional 18,000 square feet of junior anchor space, 38,000 square feet of inline shops and five outparcels.<\/p>\n\n\n\n<p>Construction of the shopping center\u2019s anchor tenants space is expected to be completed by the end of this year, while the entire project&#8217;s delivery is set for 2025.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/retails-return-is-the-sector-2024s-sleeper-hit\/\">Retail\u2019s Return: Is the Sector 2024\u2019s Sleeper Hit?<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>The City&#8217;s Planning and Zoning Commission approved the retail portion of the master-planned community, also known as Lot 5, in late 2023. <strong>Miller<\/strong>, <strong>Napolitano<\/strong>, <strong>Wolff LLC<\/strong> and <strong>Tri-Star Development<\/strong> are the project&#8217;s developers.<\/p>\n\n\n\n<p>Located next to the major thoroughfare arteries for the region at the intersection of Interstate 691 and Highland Avenue, the Cheshire Crossing development will serve Cheshire and several nearby towns as well.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-nationwide-portfolio-of-mostly-grocery-anchored-centers\">A nationwide portfolio of mostly grocery-anchored centers<\/h2>\n\n\n\n<p>Regency currently owns more than 480 centers nationwide encompassing in excess of 60 million square feet of retail space. Of the total, 80 percent of the properties are grocery-anchored.<\/p>\n\n\n\n<p>Last year, the joint venture between\u00a0Regency and\u00a0Blumenfeld Development Group\u00a0started the redevelopment of an 18-acre, <a href=\"https:\/\/www.commercialsearch.com\/news\/regency-centers-jv-to-redevelop-long-island-shopping-center\/\">282,223-square-foot shopping mall<\/a> in Holbrook, N.Y. The partnership plans to replace the vacant property with an open-air, 168,000-square-foot retail center anchored by\u00a0Whole Foods Market.<\/p>\n\n\n\n<p>The retail market had its share of inventory growth last year. According to Colliers research, some 55 million square feet of retail space were under construction across the U.S. in 2023, with 10 million square feet having been delivered each quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whole Foods Market will anchor the 154,000-square-foot development.<\/p>\n","protected":false},"author":3014,"featured_media":1004343434,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21742,10,21749],"tags":[39017,52049,33004],"class_list":["post-1004703729","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-latest","category-northeast","category-retail","tag-blumenfeld-development-group","tag-regency-centers","tag-whole-foods-market"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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