Regency Centers announced the signing of nine new tenants for The Market at Springwoods Village, a Kroger-anchored center slated to open in 2017 in the outer northern beltway of Houston.
New neighbors of the 100,000 sq.-ft. Kroger Marketplace will be Chick-fil-A; Cold Stone Creamery; Lovett Dental; Nails of America; MOD Pizza; Supercuts; Tarka’s Indian Kitchen; Torchy’s Tacos; and Zoe’s Kitchen. Retail space in the first phase of The Market totals 170,000 sq. ft.
Springwoods Village is an 1,800-acre master-planned, mixed-use community that is the site of ExxonMobil’s new headquarters. Regency partnered with Springwoods Village developer CDC Houston to build up to 50 acres of retail and, while most of that space will be taken up by gathering areas and splash pads to increase shopper dwell time, Regency VP of investments Abe Pacetti said he expects the ultimate build-out to be 385,000 sq. ft.
Phase one of The Market is 80% leased and committed with the new signings. “We will continue to pursue tenants that embody the live, work, play environment that is being built in Springwoods Village,” Pacetti said.
Regency VP of marketing and communications Jan Hanak said that Regency’s mission is to create properties that are “Internet resistant.”
“This has been our strategy for the better part of a decade,” Hanak said. “We look for dense and affluent markets, place a high-quality grocery anchor, and then try to find a complementary mix of retailers that fits the market.”
ExxonMobil opened its Springwoods Village campus a year ago, joining Southwestern Energy Corp. in the new community.