MURRIETA, CA-Regency Centers of Jacksonville, FL kicks off construction today on its Murrieta Marketplace, a 470,000-sf shopping center that will feature retailers, banks and restaurants, including a 137,940-sf Target and a 124,076-sf Lowe’s. The Florida-based retail REIT’s new center will take shape on a site at Clinton Keith and Winchester roads, one of the busiest intersections in Southwest Riverside County in a growing part of the Inland Empire.

According to Jim Reuter, Regency Centers vice president of investments, the company acquired the land for the shopping center in July 2007 with a view toward developing “in one of the area’s busiest future residential and retail growth corridors.” The intersection of Clinton Keith and Winchester roads provides access to the Interstate 15 and Interstate 215 freeways, two of the primary traffic arteries in the Inland Empire. The Murrieta Marketplace project is expected to be constructed in phases and to be completed in 2010.

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