(Carl Cronan is editor of RealEstateFlorida.)
JACKSONVILLE, FL-Regency Centers Corp. is forging ahead withdevelopment plans in spite of the prospect of losing some retailtenants to the economic downturn. The national owner and operatorof grocery-anchored shopping centers says it has 48 projects underdevelopment, representing an estimated investment of $1.1billion.
The company says it is nearing completion of its 318,000-sfShops at Stonewall community shopping center in Gainesville, VA,nearly a year after acquiring 37 acres at Lee Highway and OldCarolina Road. Wegmans Food Markets Inc. will anchor the centerwith a 140,000-sf store, marking only the third Virginia locationfor the Rochester, NY-based upscale grocer.
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