Whole Foods-anchored retail center coming to U.S. 1 corridor south of Miami

Rendering of Pinecrest Place
Rendering of Pinecrest Place

Regency Centers Corporation announced plans to build a 70,000-square-foot retail center just south of Miami anchored by a Whole Foods Market grocery store.

Jacksonville-based Regency will build the retail center, called Pinecrest Place, next to an existing 173,000-square-foot Target department store off U.S. 1.

Regency expects to complete construction of the $16.4 million Pinecrest Place project in the second quarter of 2018.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

“Pinecrest Place is an ideal blend of best-in-quality anchors with substantial parking, and visibility from the heavily traveled U.S. 1 commercial corridor south of Miami,” Paul Maxwell, vice president of investments for Regency said in a prepared statement.

Regency said in a press release that 90,000 cars a day pass by the site of Pinecrest Place, which is located in an area where household income averages more than $130,000.

Equity One, a retail real estate investment trust in North Miami Beach, completed a $5 billion merger Regency Centers on March 1.