REGENCY BEGINS DEVELOPMENT OF 320,339 SF SHOPPING CENTER

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MIAMI — Regency Centers Corp. has commenced development of its first ground-up retail center in Dade County. Fontainbleau Square will be a 320,339-square-foot, grocery-anchored community center located at the intersection of NW 102nd Avenue and West Flagler Street. Its anchors will include a 139,751-square-foot Target and a 45,600-square-foot Publix Sabor. The center is already 86 percent pre-leased. Construction will begin this month, and the anchor tenants will open as early as October 2014. The project will feature green building practices that include an energy-efficient design, sustainable building materials, water conservation measures and construction waste recycling. Regency currently owns nine shopping centers in the South Florida market totaling 843,000 square feet.

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