ISSAQUAH, WA-GlobeSt.com has learned that Regency Centers, a national owner, operator and developer of grocery-anchored shopping centers, will spend approximately $70 million to construct Grand Ridge Plaza, a 280,113-square-foot shopping center on 24.58 acres that will break ground shortly. Located in the heart of Issaquah Highlands, a master-planned community east of downtown Seattle, the center will be the only major retail center to serve the community and will draw shoppers from around the region.

The open-air, pedestrian-friendly center, designed by Fuller Sears Architects, will be located at Northeast High St. and Ninth Ave. Northeast, and will include a 44,543-square-foot Safeway and a 56,820-square-foot, 12-screen Regal Cinemas. Grand Ridge Plaza’s merchandising will focus on convenience retail, restaurants, entertainment and destination retailers in order to create a regional draw from the nearby Sammamish Plateau, greater Issaquah and Interstate 90. Safeway and the remaining center will open in fourth-quarter 2013, following a first-phase opening of the movie theater in second-quarter 2013.


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