Regency Centers to develop new Seattle community shopping center
Jacksonville, Fla. -- Regency Centers announced it will launch construction of Grand Ridge Plaza, a 280,113-sq.-ft. shopping center, anchored by market-dominant grocer Safeway, on 24.58 acres.
Located in the heart of Issaquah Highlands, a master-planned community east of downtown Seattle, Grand Ridge Plaza will be the only major retail center to serve the community and is projected to draw shoppers from around the region.
Regency will build the open-air, pedestrian-friendly center to include a 44,543-sq.-ft. Safeway and a 56,820-sq.-ft., 12-screen Regal Cinemas. The center’s merchandising will focus on convenience retail, restaurants, entertainment, and destination retailers in order to create a regional draw from the nearby Sammamish Plateau, greater Issaquah and Interstate 90.
Safeway and the remaining center will open in fourth quarter 2013, following a first-phase opening of Regal Cinemas in second quarter 2013.
As part of Regency’s greengenuity program and in support of the overall sustainability principles of the Issaquah Highlands community, the project will incorporate a variety of green building strategies, including LEED certification. Sustainable practices will focus on energy-efficient design, use of sustainable building materials, water conservation and recycling.