Regency Centers’ Tustin development plans are announced
August 10, 2016 by James
The nationally recognized Regency Centers Corporation (‘Regency’) has announced it has closed on the property in which its Village at Tustin Legacy will be located.
Regency is an owner, developer, and operator of grocery-anchored shopping complexes. Its Tustin shopping center will be located at the nexus of Orange County’s new Tustin Legacy, a 1,600-acre master planned community. The Village at Tustin Legacy will be in proximity to other new developments, which include office space totaling 1.9 million sq. ft., a 130,000 sq. ft. medical complex, and 6,800 newly constructed residential homes.
The Village at Tustin Legacy has already leased 80% of its retail space. Courting occupants to fill medical complexes, shopping centers, and office space is an important component in development. More often than not, this involves pitching the new property’s potential in person or via the use of presentation folders.
Regency’s senior vice-president and market officer, John Mehigan, make a company announcement, saying:
“The Village at Tustin Legacy is going to be another great example of our commitment to build attractive neighborhood centers with unique tenant line-ups in affluent infill markets.”
Groundbreaking for Regency’s Tustin development will take place on August 25. The shopping complex will be anchored by Stater Bros. Market, which will take up 44,000 sq. ft., which is over a third of the area of the center. This will be Regency Centers 11th development in Orange County.