Regency Centers breaks ground on $10 million retail renovation
Jacksonville, Fla. -- Shopping center owner and developer Regency Centers said Monday that it has broken ground on a $10 million renovation of its Heritage Plaza, a 226,998-sq.-ft. retail center in Irvine, Calif.
The renovation of the Ralph’s-anchored center is scheduled for completion in November 2011.
The transformation will include a new exterior façade, upgraded architectural components, canvas awnings, new landscaping, new monument, building and wayfinding signage, wider pedestrian walkways, and the addition of focused gathering areas with benches, al fresco dining and sidewalk eating areas. The design was created by Nadel Architects and Hirsch & Associates.
Originally designed in the 1970s, Heritage Plaza was acquired by Regency in 1999.
The 44,376-sq.-ft. Ralph’s will undergo interior remodeling in June in conjunction with the center renovation. Heritage Plaza is tenanted by CVS/pharmacy, Bank of America, Wells Fargo, Wendy's, RadioShack and Elephant Bar Restaurant.