In addition, the Marketplace will include an additional 23,4400 sf of other shop space. The Marketplace at Briargate will be part of the 7,900-acre Briargate master planned community, located in northeast Colorado Springs.
Development on the Marketplace at Briargate is scheduled to begin in 2005, with the anchor scheduled for opening in 2006, according to Snowden Leftwich, VP of investments for Regency Centers in Colorado and Arizona.
"Regency has continued to expand its presence in the Colorado area, and now with this recent land closing, Regency will have an even greater market share in the region," says Leftwich. "Colorado Springs continues to emerge as a growing and highly attractive metroplex."
Jacksonville, FL-based Regency is a national owner, operator, and developer focused on grocery-anchored, neighborhood retail centers in the country. Regency's total assets before depreciation exceed $3.2 billion. As of Sept. 30, the company owned 262 retail properties, including those held in joint ventures, totaling 29.9 million sf in high growth markets throughout the US.
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