Regency Centers Announces Development of Pinecrest Place in Miami, FL

Paul Maxwell

MIAMI, FL, April 10, 2017 -- (BUSINESS WIRE)-- Regency Centers Corporation (“Regency” or the “Company”), a national owner, operator, and developer of grocery-anchored shopping centers, has announced the start of a new ground-up development in Miami, Florida.

 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

EricDavidson@RegencyCenters.com

or

Paul Maxwell, 561-630-2324

Vice President, Investments

PaulMaxwell@RegencyCenters.com