Regency Centers in Joint Venture for The Market at Springwoods Village

Retail real estate investment trust (REIT) Regency Centers Corporation revealed a joint venture with CDC Houston for the first grocery-anchored development for Springwoods Village.
The Market at Springwoods Village, Houston_aerial

The Market at Springwoods Village, Houston

HoustonRegency Centers Corporation announced a new partnership with CDC Houston to develop, own and manage The Market at Springwoods Village. The project is expected to open in the spring of 2017 and will be the first grocery-anchored development in the master-planned mixed-use community Springwoods Village.

The Market at Springwoods Village sits at the intersection of Holzwarth Road and the Grand Parkway and will encompass a mix of retail, dining, and grocery service. In the near vicinity are the ExxonMobil’s new corporate campus Southwestern Energy’s headquarters and CHI St. Luke’s Medical Campus. Moreover, the 170,000-square foot shopping center is seeking LEED Silver certification.

The Market at Springwoods Village, Houston_aerial

The Market at Springwoods Village, Houston

“We couldn’t be more pleased to announce our latest development, The Market at Springwoods Village. Our center will serve world-class corporate campuses and the community’s expanding residential population with best-in-class retailers, oversized patios, mature landscaping and convenient parking,” said Abe Pacetti, vice president of investments for Regency Centers. “We’re very excited about becoming long-term citizens of such a fabulous master-planned community and continuing to expand our presence in Houston through the development of quality shopping centers.”

The Market at Springwoods Village is scheduled to break ground in March of 2016 and open in the spring of 2017. It will be anchored by a Kroger measuring 100,000 square feet.

“The Market at Springwoods Village will add important shopping and dining amenities,” said Keith Simon, executive vice president & director of development for CDC Houston. “Its location serves not only Springwoods Village but the larger Spring community and will enhance the entire area’s quality of life. This announcement and the recent opening of the CHI St. Luke’s Springwoods Village Hospital are providing exciting momentum to start 2016 and move us closer to our goal of creating a ‘Complete Community.’”

Image courtesy of Regency Centers