Regency Breaks Ground on New Jersey Retail Project
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Chimney Rock, Whole Foods, courtesy of Regency Centers
Bridgewater, N.J.—Bridgewater, N.J., will soon have a new shopping destination, courtesy of a $70 million project by Regency Centers Corp. The REIT just broke ground on Chimney Rock, a 218,000-square-foot, grocery-anchored shopping center in the greater New York City metro area.
“With their $2,700-plus a year spending power on retail alone and an average household income of $116,000-plus, these residents are actively seeking out big city convenience and small city culture,” per the Chimney Rock property brochure. Regency Centers plans to give the people precisely what they want. The early lineup at Chimney Rock is none too shabby, with the likes of Nordstrom Rack, Saks off 5th and Ulta having committed to a respective 36,000, 34,000 and 10,000 square feet. The star of the property, however, will be a 50,000-square-foot Whole Foods Market, marking the grocery store chain’s entrée into Somerset County…
