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Regency’s Southeast portfolio redevelopments are centered around transforming underutilized or aging properties into vibrant, modern spaces that meet the demands of today’s retail real estate market. In Florida, the team remains agile, responding to the shifts in the market influenced by consumer behavior and customizing the mix of merchants to suit each community’s needs.
One notable example is the $15 million redevelopment of the 139,580 SF Mandarin Landing. A cornerstone of the community for nearly five decades, this location has long served the Mandarin neighborhood residents and has long been an attractive hub for retailers and grocers.
Construction Details
The Southeast team considers every detail during the redevelopment of Mandarin Landing, including balancing the functionality and convenience of parking. Redesigned parking areas will incorporate pathways and green spaces, facilitating a seamless transition for people navigating from their cars to shops and restaurants.
Anchor Info
Recognizing the significance of the Mandarin consumer, Whole Foods Market opened its largest location, comprising 50,000 SF, nearly two decades ago at this location. Today, the grocer — known for launching innovation that shapes what shoppers have come to expect at their local grocery store — is enhancing its interior layout and exterior appearance at Mandarin Landing.
Merchandising
Baptist Health is opening a new medical office with several specialties, spanning 24,650 SF, at Mandarin Landing. This facility will offer a range of practices to elevate health care services for the Mandarin and Jacksonville communities. Across the country, health care providers are considering neighborhood shopping centers as viable locations, leveraging what retailers have always known: the benefits of high foot traffic and proximity to consumers.
The redevelopment also includes demolishing 20,000 SF off underperforming retail space and rebuilding 10,000 SF adjacent to Whole Foods Market, which has attracted high-quality retailers and restaurants such as Sephora, European Wax, and Another Broken Egg. In addition, a newly built 10,000 SF outparcel will feature Jacksonville’s second Cooper’s Hawk location.
Since the merger with Equity One, our development, construction, and leasing teams have been working on a plan to elevate the shopping experience, aesthetics, merchandising, and functionality of this project — all with the community in mind,” said Patrick McKinley, Senior Vice President, Senior Market Officer. “We’re fortunate to collaborate closely with Whole Foods Market, a valued partner, on numerous aspects of this endeavor, ensuring a mutually desired upgrade to the shopping center. We eagerly await the unveiling of the new look and the arrival of our merchant lineup later this year.
As Regency continues to expand its presence in the Southeast, its active capital allocation strategy and transformative redevelopment projects serve as a blueprint for success in the dynamic real estate market. By staying ahead of trends, embracing innovation, and fostering community engagement, Regency continues to play a pivotal role in shaping the future of real estate in the Southeast and across the country.
For additional leasing information at Mandarin Landing, contact EricApple@RegencyCenters.com.
