Petaluma, Calif. -- Jacksonville, Fla.-based Regency Centers said it will begin construction of East Washington Place, a 378,000-sq.-ft. community center anchored by Target.
Located in Petaluma, Calif., the new development is strategically located at the intersection of two main arterial roads, East Washington Street and Highway 101, with daily traffic counts in excess of 92,000. Regency Centers will invest approximately $61 million into the project, which will create approximately 380 construction jobs and 720 permanent jobs.
The center will include a 138,324-sq.-ft. Target along with 121,000 sq. ft. of anchor space and 118,676 sq. ft. for junior anchors, small shops and office space. It is slated to open in summer 2013.