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February 26, 2024

Regency buys Cheshire land for Stone Bridge Crossing retail project; confirms Whole Foods as tenant

Contributed Whole Foods Market will occupy the main grocery space of the Stone Bridge Crossing development in Cheshire.
By Hanna Snyder Gambini

Regency Centers has purchased the land on which it will build Cheshire Crossing, the retail portion of Cheshire’s Stone Bridge Crossing development.

The vacant property was sold to Regency by the development team of Miller, Napolitano and Wolff, but other terms of the sale, including the price, were not disclosed. The 17.4-acre parcel has a total appraised value of $2.4 million, according to town property records.

Whole Foods Market will anchor the 152,000-square foot shopping center, along with a 23,000 square-foot TJ Maxx store, an additional 18,000 square feet of junior anchor space, five outparcels, and 38,000-square feet of inline shops, according to Regency. 

Stone Bridge Crossing is a master-planned community at the intersection of Route 10 and Interstate 691, which will include 140 townhomes and carriage houses, 300 multifamily units, and a 125-room Homewood Suites hotel in addition to the shopping center.

Regency Centers Corp. is a Florida-based real estate investment firm specializing in shopping centers with grocery stores as anchor tenants. As of 2020, the company owned 415 properties comprising 56 million square feet of space, Regency said.
 

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