Under the contract, Regency sold 11 acres to Target Corp., which plans to build a 125,400-sf store at CenterPlace. This marks a relocation of an existing Target in Greeley. CenterPlace will also include a 58,000-sf Safeway as the grocery anchor.
A Ross Dress for Less store, along with other national retailers, will be junior anchors.
Regency is also finalizing deals with other major retailers to open stores at the development, which would include four retail side shop buildings and six outparcels--one of which will be the Safeway gasoline pad. Construction on the entire 267,600-sf Phase I retail center, will begin immediately.
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