Regency announces Miami development

Regency Center has announced the start of a ground-up addition to a center in an affluent section of Miami.



The nation’s largest retail REIT will add 70,000 sq. ft. of retail to an existing 173,000-sq.-ft. Target on US- 1 to create the new center, called Pinecrest place. The bulk of the addition will be occupied by a 46,000-sq.-ft. Whole Foods Market.



Construction is expected to be completed in second quarter 2018.



“The shopping experience will be a powerful reflection of the lifestyles and wants of the affluent communities surrounding the shopping center,” said Paul Maxwell, VP of Investments for Regency Centers.

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