Regency Centers Announces New Ground-Floor Shopping Center Development in the Bay Area, Anchored by Safeway

OAKLEY, Calif., Aug. 26, 2024 (GLOBE NEWSWIRE) — Regency Centers announced the ground-up of Oakley Shops at Laurel Fields (“Oakley Shops”), a new Safeway-anchored development in Oakley, CA. Oakley Shops will feature approximately 79,000 square feet of retail and marks Regency’s first development in the Northern California submarket. This new development will be located at the traffic light intersection of Laurel Road and O’Hara Avenue and will address a void of limited high-quality retail and grocery destinations in the trade area.

“Oakley Shops is a testament not only to our ability to find deals in the marketplace, but also to the strength of our anchor relationships,” said John Mehigan, senior vice president of investments at Regency Centers. “Best-in-class operators know we can deliver projects and that our focus on long-term ownership will deliver a quality property in a prime location that will be maintained and improved for as long as we own it.”