Regency Centers Corporation, (“Regency”) a national owner, operator, and
developer of grocery-anchored shopping centers, today announced the
formation of a joint venture with CDC Houston to develop, own and manage
The Market at Springwoods Village. The 170,000 square foot LEED
Silver-seeking project is expected to open in the spring of 2017 and
will be the first grocery-anchored development in Springwoods Village,
the master-planned mixed-use community that is home to ExxonMobil’s new
corporate campus, Southwestern Energy’s headquarters and the CHI St.
Luke’s Medical Campus.
Located at the intersection of Holzwarth Road and the Grand Parkway, The
Market at Springwoods Village site lends itself to become a regional
destination while serving the large corporate campuses and desirable
residential neighborhoods of Springwoods Village. The carefully selected
mix of retail, dining, and grocery services will meet the needs of many
residents, employees, visitors and businesses in Springwoods Village and
the surrounding area.
“We couldn’t be more pleased to announce our latest development, The
Market at Springwoods Village. Our center will serve world-class
corporate campuses and the community’s expanding residential population
with best-in-class retailers, oversized patios, mature landscaping and
convenient parking,” said Abe Pacetti, Vice President of Investments for
Regency Centers. “We’re very excited about becoming long-term citizens
of such a fabulous master-planned community and continuing to expand our
presence in Houston through the development of quality shopping centers.”
Anchored by a Kroger, The Market at Springwoods Village will be a
destination for a premier grocery shopping experience. Measuring 100,000
square feet, the Kroger will create more than 300 new career
opportunities, including hourly, management and leadership positions.
The Texas-sized store will offer pharmacy and fuel services along with
locally grown fruits and vegetables, fresh meat and seafood, organic
choices, specialty cheeses, international fares, chef-prepared meals,
artisan breads, and premium wine and craft beer.
“The Market at Springwoods Village will add important shopping and
dining amenities,” said Keith Simon, Executive Vice President and
Director of Development for CDC Houston. “Its location serves not only
Springwoods Village but the larger Spring community and will enhance the
entire area’s quality of life. This announcement and the recent opening
of the CHI St. Luke’s Springwoods Village Hospital are providing
exciting momentum to start 2016 and move us closer to our goal of
creating a ‘Complete Community’.”
Springwoods Village is a $10-billion, 1,800-acre, mixed-use community
situated along the west side of Interstate 45 between Springwoods
Village Parkway and the Grand Parkway. Designed for sustainability, the
nature-inspired residential and commercial community will provide
diverse housing options, civic facilities, outdoor recreation and a
60-acre CityPlace with office space, shopping, dining and lodging in an
urban, walkable environment.
The Market at Springwoods Village is scheduled to break ground in March
of 2016, and open in the spring of 2017. Additional tenant announcements
will be made as they become available. For property and leasing
information, contact Vanessa Barfuss at vanessabarfuss@regencycenters.com.
About Kroger (Dallas and Houston Divisions)
Kroger operates 218 stores, 209 pharmacies and 139 fuel centers in Texas
and Louisiana and is part of one of the world’s largest grocery
retailers serving customers in 35 states with 2,774 stores. For more
than 125 years, Kroger has emphasized a customer-first approach to
providing quality products, value pricing, outstanding service and an
exceptional shopping experience. Headquartered in Cincinnati, Ohio, the
grocery retailer is dedicated to making a difference in the communities
it serves by supporting hunger relief, education, health and wellness,
military families and diversity programs. Resulting from the retailer’s
philanthropic commitment, Forbes magazine lists Kroger as the
most generous company in America. For more information about Kroger,
download the free Kroger Mobile App or connect on kroger.com,
Facebook,
Twitter
or Instagram.
About CDC Houston
CDC Houston, Inc. (a subsidiary of Coventry Development Corporation (New
York) is an experienced land developer with expertise in creating
mixed-use urban communities that foster smart and responsible growth for
commercial and residential vitality. Coventry has provided development
services for mixed-use projects in New York, Colorado, Texas and Guam
over its 45-year history. In 2001, the company launched RidgeGate, also
a sustainable, mixed-use community, in Lone Tree, Colorado which
consists of 3,500 acres. For more information on CDC Houston, Inc.’s
latest project, Springwoods Village, please visit: www.springwoodsvillage.com
and connect on Facebook
and Twitter.
About Regency Centers Corporation (NYSE:REG)
With more than 50 years of experience, Regency is the preeminent
national owner, operator, and developer of high-quality,
grocery-anchored neighborhood and community shopping centers. The
Company’s portfolio of 318 retail properties encompasses over 42.8
million square feet located in top markets throughout the United States,
including co-investment partnerships. Regency has developed 221 shopping
centers since 2000, representing an investment at completion of more
than $3 billion. Operating as a fully integrated real estate company,
Regency is a qualified real estate investment trust that is
self-administered and self-managed.
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