Regency Centers Adds Retail to SoCal’s Tustin Legacy
ByThe Village at Tustin Legacy
Tustin, Calif.—Orange County’s new Tustin Legacy master-planned community continues to fill out and Regency Centers Corp. is among the latest developers to contribute to the 1,600-acre property’s growth. The grocery-anchored shopping center owner recently completed the acquisition of land for the development of The Village at Tustin Legacy, which will feature a $40 million, 112,000-square-foot retail center.
Tustin Legacy is taking shape on the site of the former Marine Corps Air Station, which was designated for a new, non-military future as part of the U.S. Department of Defense’s Base Realignment and Closure process in 1991 and 1993. Base operations ceased in 1999 and the bulk of the acreage was ultimately conveyed to the City of Tustin. Through a Disposition and Development Agreement, Regency acquired an approximately 21-acre parcel from the City for The Village project…