Regency Centers to Fund Vista Project

VISTA, CA-A long-delayed redevelopment project appears to finally have the financing to proceed.

The developer, Newport Beach-based Civic Partners, has now stuck a deal with New York-based real estate investment trust Regency Centers for $34 million financing. Regency will act as co-developer of the 37-acre project bounded by Vista Village and Lado de Loma drives and South Santa Fe Avenue.

A Lowe’s Home Improvement warehouse broke ground in May near the Vista Village redevelopment project. Although not within the redevelopment project area, the store will serve as a badly needed anchor for the project.