LOS ANGELES-Regency Centers breaks ground today on the Juanita Tate Marketplace development, a 77,096-square-foot outdoor retail center. The $21 million project will feature full-service grocery and retail space. Tenants already signed onto the project include Northgate Gonzalez Markets, CVS, Starbucks, Panda Express and an educational community center.
“When designing Juanita Tate Marketplace, our goal was to provide a convenient, centralized shopping destination that supplies a wide range of food and services catering to the South Los Angeles community,” says Greg Palaski, managing principal and project director of Nadel Architects, who is designing the development. “In addition to coming up with the most cost-effective way to develop the center and remain consistent with the tenants' requirements, our design helped create an inclusive retail center for local residents to enjoy.”
Aside from the larger anchor tenants, the shopping center can accommodate 12 smaller retail stores in two freestanding, 20,000-square-foot buildings. Nadel Architects designed the buildings to mimic a small-town yet contemporary Main Street. The complex has brick and tile walls, high windows and metal awnings.
“With Nadel Architects' design, we are well on the way to delivering a quality shopping center with best in class retailers for this community,” says John Mehigan, Regency Centers VP of investments.
In other retail center news, GlobeSt.com reported that the PCG Woodland Hills Topanga LLC acquired the Woodland Hills Shopping Center in an off-market transaction. The center was 100% leased at the time of the sale.
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