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Regency Centers announces SunVet mall redevelopment
In a joint venture with Blumenfeld Development Group, Regency Centers announced plans to redevelop the SunVet Mall in Long Island, N.Y. This vacant mall will be converted into a 168,000-square-foot, grocery-anchored, open-air shopping center. Once complete, it will be home to the fourth Whole Foods Market in Suffolk County and will expand Regency Centers’ footprint in the market to 11 properties, which includes last year’s four-property acquisition from Serota Properties.
“When the Blumenfeld Development Group shared their vision of bringing SunVet back to life as a modern community shopping center, we knew we wanted to be involved,” said Rebecca Wing, vice president of investments at Regency Centers. “Regency is committed to delivering on that vision and creating a best-in-class shopping destination that will resonate with the community for many years to come. We can’t wait to share more about our retailer lineup as construction begins later this year.”