X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

The Murrieta Marketplace development is one of a number of new retail projects either under way or recently opened in the Inland Empire, where developers say that some communities are still underserved by retail because of all of the home building that occurred over the past five or six years in the Inland Empire—a region east of Los Angeles that consists of Riverside and and San Bernardino counties and was one of the fastest-growing parts of the US in recent years.

The start of Murrieta Marketplace follows the recent groundbreaking for Regency’s $70 million Golden Hills Plaza, a nearly 300,000-sf shopping center in Paso Robles, CA, about 300 miles north of Murrieta. The Golden Hills Plaza center will feature Lowe’s, Bed, Bath & Beyond and other retailers. Besides the 169,112-sf Lowe’s and the 25,000-sf Bed, Bath & Beyond, the property includes 23 other parcels for lease, according to Regency Centers. Among the other retailers will be El Pollo Loco, the UPS Store, Sky Nails & Spa, Supercuts and Quiznos.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.