JV TO DEVELOP $24.3M RETAIL CENTER
LA QUINTA, CALIF. — Regency Centers and Marinita Development Co. are partnering to develop Jefferson Square, a $24.3 million supermarket/drugstore-anchored shopping center in La Quinta. Located at the corner of Jefferson Street and Fred Waring Drive, the center will offer 90,444 square feet of retail space. The first phase, which is slated for completion in first quarter 2009, will feature Fresh & Easy Market and CVS/pharmacy. Additionally, Jacksonville, Fla.-based Regency is seeking LEED core-and-shell certification for its portions of the project. Temecula, Calif.-based Mercer Construction is serving as general contractor; Irvine, Calif.-based KTGY Inc. is providing architectural services for the project.