REGENCY CENTERS PLANS ALABAMA RETAIL CENTER AND COMPLETES FORT MYERS CENTER

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FAIRHOPE, ALA., AND FORT MYERS, FLA. — Regency Centers has acquired an 11-acre land parcel for the development of The Shoppes at Fairhope Village, which is part of the Fly Creek Village planned unit development. The retail center will feature 84,740 square feet composed of a 54,340-square-foot Publix and additional small shops, restaurants and service-oriented businesses. There will also be three outparcels. The center is slated to open in summer 2009.
In downtown Fort Myers, Regency has opened the second phase of First Street Village shopping center, an 88,026-square-foot property located at the intersection of McGregor Boulevard and Altamont Avenue. Linda’s Nails will be located in a 1,271-square-foot space, and lease negotiations are underway with a fine jewelry and repair shop, sub shop, liquor store, hair salon and pizza café. Current tenants include Publix, Starbucks and First Watch restaurant. The shopping center began construction in October 2006 and is part of the First Street Village mixed-use development.

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