The Target store will come in at around 132,000 sf, Home Depot at 106,000 sf and Babies R Us at 65,000 sf. The mid-box stores will total another 200,000 sf while in-line shop space and pads will make up the remainder. Regency Centers' vice president of investments Mike Leonard tells GlobeSt.com that asking rates for the shop space will range from $40- to $48 per sf per year.

Across the street from Deer Springs Town Center is Deer Springs Crossing, a 35-acre, 25-building, 325,000-sf retail center by the Vegas-based Juliet Cos. The anchor tenant, a 90,000-sf Kohl's department store opened for the 2007 holiday shopping season. The remaining 22 buildings are under construction and slated to open in late 2008.

Regency Centers hopes to achieve a LEED-Silver certification for Deer Springs Town Center from the US Green Building Council and "market the [project] as a high performance sustainable design with a higher level of efficiency," says Brian Smith, Regency Centers' chief investment officer and the company's green building initiatives spokesperson.