Regency Centers Welcomes Whole Foods Market® to Mellody Farm
Regency Centers Corporation (“Regency”) (NYSE:REG), a national owner, operator, and developer of grocery-anchored shopping
centers, is excited to announce that Whole Foods Market has a lease to anchor its proposed project just outside of Chicago. The
ground-up development, Mellody Farm, will be a 270,000-square-foot mixed-use experiential retail center located at the northeast
corner of Route 60 and Route 21 in Vernon Hills, IL.
“We couldn’t be more thrilled to join the Vernon Hill’s community and the Mellody Farm development,” says Michael Bashaw,
Regional President, Whole Foods Market Midwest. "This location will give Whole Foods Market the opportunity to serve new
neighborhoods and make it easier for current customers to get all their favorite natural and organic groceries in a more convenient
location.”
The plan includes specialty stores and restaurants, both local favorites as well as national brands. Enhanced placemaking
strategies such as 20’ sidewalks and large gathering areas will produce a unique sense of place and energy at the development.
“Whole Foods Market is the perfect anchor for the type of project we are looking to create,” said Matt Hendy, Vice President of
Investments at Regency Centers. “They have a tremendous atmosphere in their stores that encourages customers to stay and enjoy
themselves. We want Mellody Farm to be an experience, not a place where you just come to shop.”
In addition, Mellody Farm will feature 260 executive apartments adjacent to the center to be developed by a partnership of Focus
Development, Inc. and Atlantic Realty Partners, a regional best-in-class multi-family development team. This will be the second
collaboration between Regency and Focus, the first being in Glenview, IL (The Reserve and Glen Gate Shopping Center).
“None of this could be possible without the economic support and leadership of the Village of Vernon Hills, as well as the
political support of Lake County. The Memorandum of Understanding passed by the Village board last fall was instrumental in moving
this forward,” continued Hendy. “There is a lot of talent and experience coming together to help make this project a reality.”
Additional enhancements will include addressing the traffic congestion issues located at the intersection of Route 60 and Route
21. The proposed improvements include adding traffic capacity at the juncture, which will include new lanes in almost every
direction as well as renovations of existing traffic signal equipment and the addition of a new signal along Townline Rd. The
result of the new improvements will be traffic functioning at a higher level of service than it does today, even after Mellody Farm
is built and open to the public.
For leasing inquiries, please contact Matt Hendy or Mark Fredericks at Regency Centers.
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 315 retail properties encompasses over
42.3 million square feet located in top markets throughout the United States, including co-investment partnerships. Regency has
developed 222 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.
Regency Centers Corporation
Eric Davidson, 904-598-7829
Communication Manager
ericdavidson@regencycenters.com
or
Matt Hendy, 630-645-2830
Vice President, Investments
matthendy@regencycenters.com
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