CHICAGO--(BUSINESS WIRE)--Regency Centers Corporation (“Regency” or the “Company”), a national owner, operator, and developer of grocery-anchored shopping centers, has announced a new ground-up development in Vernon Hills, IL. Mellody Farm will consist of nearly 270,000 square feet of exceptional retail, anchored by Whole Foods Market, Nordstrom Rack, REI and other local and regional restaurants and merchants. The project will also include 260 luxury apartments, which will be developed and owned by Focus Development and Atlantic Realty Partners. Construction of the development has begun, with an estimated grand opening in late 2018.
“Mellody Farm is going to be a transformational retail experience for the surrounding area,” said Matt Hendy, Vice President and Market Officer for Regency Centers. “We will be creating a true sense of place here – a destination that attracts people because of our best in class restaurant and retail partners, walkable center layout, and innovative building design. The significant roadway upgrades to decongest the Milwaukee Ave and Townline Road intersection will benefit anyone traveling through this important corridor. Needless to say, we are thrilled to be moving this project forward.”
Strategically located at one of the highest-trafficked intersections in Lake County, IL, Mellody Farm will be a powerful retail destination for the affluent and educated local residential markets, including 11 Fortune 500 global headquarters located within a short drive.
For leasing inquiries, please contact Adam Foret at 630 645-2820. Construction of Mellody Farm is being done through Graycor Construction Company, Inc.
About Regency Centers Corporation (NYSE:REG)
Regency is the preeminent national owner, operator and developer of neighborhood and community shopping centers. The Company’s portfolio of 429 retail properties encompasses more than 57 million square feet, is primarily anchored by productive grocers and is located in affluent and infill trade areas in the country’s most attractive metro areas. Regency has developed 225 shopping centers since 2000, representing an investment at completion of more than $3.5 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed, and a member of the S&P 500 index.