Regency was selected by PLANSPONSOR Magazine as a 2017 'Best in Class 401(k) Plan.' PLANSPONSOR acknowledges organizations that are committed to helping employees save for retirement by offering plans that make use of industry best practices. Out of 3,381 plans, 34 winners were chosen. Winners demonstrated excellence in the more than 25 attributes of plan design, and governance that factored into the evaluation. The 34 winners, including Regency Centers, who was the only Florida company represented, were recently recognized at an awards dinner in New York City.
For the eighth straight year, Regency Centers has been awarded a First Coast Healthiest Companies Award. This is the second year in a row that we have been awarded the highest honor of Platinum by the First Coast Worksite Wellness Council and the Mayor's Council on Fitness and Well-Being.
Another ICSC RECon is in the books with more than 36,000 attendees, the highest number to attend the annual event since the Great Recession. The show kicked off Sunday, May 22 in Las Vegas, with a keynote from Earvin "Magic" Johnson, who has had a successful post-NBA career in retail real estate.
The news has finally broken -- Whole Foods Market is coming to Mellody Farm! With their unique build-out and high-quality offerings, Whole Foods Market was a natural choice to anchor our center. However, there is more to the story for this proposed development than many of you may know. Let us tell you more about the other aspects of Mellody Farm that we are the most excited to bring to the Vernon Hills community.
1) Solving an existing traffic problem: Let's discuss the issue that many people are worried about. The intersection of Route 60 and Route 21 is tough, and in need of some relief. It is important to us that people make Mellody Farm a destination they visit and spend time, and we can't do that if it becomes a nightmare just to enter the site. With that in mind, we will be providing improvements to the intersection and surrounding roadway system which will include:
- Additional traffic capacity at the juncture
- New lanes in nearly every direction
- Renovations and improvements of existing traffic signals
- Addition of a new signal along Townline Road
These enhancements will be the result of many traffic studies conducted by us, the Village, County and the Illinois Department of Transportation. The juncture of these two state highways needs to function at a higher level of service than it does today, even after our project is built.
This past December, more than 7,000 people watched as bright lights and holiday-themed designs danced across the Hampton Inn and Suites' façade at Regency Centers' Phillips Place.
When I attended the South by Southwest Interactive (SXSWi) festival this March, I joined over 72,000 other attendees to learn about the latest in technology, trends and innovation. SXSWi is an immersive experience, equal parts convention, lecture series, product showcase, and party. With hundreds of sessions to choose from, I was able to benefit from presentations on branding, marketing, design, content creation, startups, and technology. Though the topics were varied, a few key themes consistently emerged.
Commercial real estate might be the last place you would expect to hear about sustainability and being environmentally conscious. The old adage of paving paradise and putting up a parking lot can go hand-in-hand with new developments in our industry. However, Regency Centers has made great strides and efforts not only to ensure we are being sustainable for financial reasons, but ethical ones, as well.
Last month, the first Whole Foods in North Orange County soft-opened at Regency Centers’ Village at La Floresta, an 87k SF shopping center along the Imperial Highway. The ground-up development not only features its landmark anchor, but restaurant, office and retail space as well. But what makes the Village most exciting is the holistic thought process behind its shops and layout. To get details on how the Village came together, we sat down with investment VP John Mehigan.