Regency Plans Redevelopment At Major Clarendon Retail Center
After purchasing the 10-acre, 393k SF Market Common Clarendon last year for $406M, Regency Centers has filed plans to redevelop a section of the property.
The buildings along Clarendon Boulevard the REIT plans to partially demolish include the IOTA Club and Cafe, Baja Fresh restaurant and an office building, ARLnow reports.
The redevelopment would add a fourth floor to the office building at 2801 Clarendon Blvd. with 27k SF of new offices. It would also upgrade the building's façade and redesign the existing floors to better integrate it with the retail center.
Market Common Clarendon's retail offerings include a Whole Foods across the street from the redevelopment, Barnes & Noble, an Apple store and a Washington Sports Club. It has more than 100k SF of availability, according to its marketing brochure.
Regency's plan still must be approved by the Arlington Planning Commission and the County Board.
