 |
| Paul Maxwell |
Pinecrest
Place, with estimated net development costs of $16.4 million, will be
adding 70,000 square-feet of high quality retail to an existing 173,000 square
foot Target, anchored by a new, 46,000 square foot flagship Whole Foods Market.
Construction completion is expected in the second quarter of 2018.
“Pinecrest Place is an
ideal blend of best-in-quality anchors with substantial parking, and visibility
from the heavily travelled US-1 commercial corridor south of Miami,” said Paul Maxwell, Vice President of
Investments for Regency Centers.
“The shopping experience
will be a powerful reflection of the lifestyles and wants of the affluent
communities surrounding the shopping center, providing a superior anchor lineup
with complimentary restaurants and small shop retail.”
Strategically located off
of US-1 (S. Dixie Highway), Pinecrest Place will benefit from a traffic count
that exceeds 90,000 cars per day in one of the strongest trade areas in
Southeast Florida. A surrounding daytime population of over 120,000 bolsters an
active and affluent residential market with average household incomes over
$130,000 in the trade area.
For leasing inquiries,
please contact Matt Hagan at MattHagan@RegencyCenters.com,
or 561-630-2345.
For a complete copy of the company’s news release,
please contact:
Regency Centers
Corporation
Eric Davidson, 904-598-7829
Communications Manager
or
Paul Maxwell, 561-630-2324
Vice President,
Investments
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