Regency Centers, an owner/operator and developer of suburban shopping centers, has begun construction on Oakley Shops at Laurel Fields, a new ground-up development in Oakley, California.
Oakley Shops will encompass approximately 79,000-square-feet of retail space, with a 56,000-square-foot Safeway supermarket as its anchor store; additional tenants will be announced in the coming weeks. The project is Regency Center’s first development in the Northern California submarket, and the company said the development will fill a void of limited high-quality retail and grocer destinations in this market.
“Oakley Shops is not only a testament to our ability to find deals in the market, but also the strength of our anchor relationships,” said John Mehigan, senior vice president of investments at Regency Centers. “Best-in-class operators know that we can make projects happen, and that our focus on long-term ownership will deliver a quality property in a prime location that will be maintained and enhanced for as long as we own it.”
Photo: Artist’s rendering of Oakley Shops at Laurel Fields
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