Regency Centers, a national owner, operator and developer of grocery-anchored shopping centers, will begin construction of the new Grand Ridge Plaza shopping center within the next few weeks in the Issaquah Highlands. The new shopping center will be a 280,113 square feet center and will be anchored by a new Safeway grocery store. The center will be located on an almost 25 acre plat located at Northeast High Street and Ninth Avenue Northeast in Issaquah, Washington.
Regional Shopping & Entertainment Center
The 280,113 square-foot open air, pedestrian-friendly Grand Ridge Center will include the 44,543 square-foot Safeway and also a 56,820 square-foot, 14-screen Regal Issaquah Highlands Stadium 14 movie theater. The remaining 178,750 square feet of shopping center space will center on retail, restaurants, and other entertainment retailers to make a true regional shopping center that would draw on residents of not only the Issaquah Highlands, but also greater Issaquah, Klahanie and the Sammamish Plateau. Currently, the closest grocery stores to the Issaquah Highlands are the Fred Meyer on E. Lake Sammamish Parkway, and the QFC in Klahanie - so this will be a welcome addition to the Highlands development. In total, the Grand Ridge Plaza retail project encompasses 10 blocks and 15 buildings spread across 280,113 square feet.
Recency Centers: A Leader in Grocery Anchored Community Centers
According to press releases, Regency Centers is the leading national owner, operator and developer of grocery-anchored and community shopping centers. As of March 31, 2012, the company owned 365 retail properties, including those held in co-investment partnerships. Including tenant-owned square footage, the portfolio encompassed 49.8 million square feet located in top markets throughout the United States. Since 2000, Regency has developed 207 shopping centers, including those currently in-process, representing an investment at completion of $3.0 billion. Operating as a fully integrated real estate company, Regency is a qualified real estate investment trust that is self-administered and self-managed.
New 14 Screen Regal Cinema Stadium Movie Theater
The new 14-screen Regal Issaquah Highlands movie theater will provide for stadium seating and “RealD 3D” which will provide moviegoers with an unobstructed view of the screen and a more vivid 3D visual experience. Other amenities of the new movie theater will include Regal Express kiosks for fully-automated ticket purchasing, a large lobby with a guest service desk to provide extra assistance to those that ask or require extra assistance and a party room to celebrate birthdays, family gatherings and more.
The new 14-screen Regal Issaquah Highlands Stadium theater will include:
- “RealD 3D” which provides more true-to-life 3D.
- Stadium seating which each moviegoer an unobstructed view of the screen.
- Retractable cup holders that move out of the way to form seats for two.
- Fully stocked concession stands that will offer name brand, high quality snacks.
- A guest service desk that will provide extra assistance.
- Regal Express self-help kiosks that offer fully-automated ticket purchasing.
- A party room available to celebrate birthdays, family gatherings and more.
It is expected that the Safeway grocery store and the remaining center will open in fourth quarter of 2013, while the Regal Cinemas theater is scheduled to open in the second quarter of 2013.
Existing Shops & Restaurants will Benefit
The Grand Ridge Plaza shopping center joins the High Street Shops at Issaquah Highlands shopping centers which includes over 15 retail shops and restaurants, as well as professional services. The restaurants include Agave Cocina & Tequilas, Sip Wine Bar and Restaurant, RiceNRoll, Subway, Caffe Ladro, Ben & Jerry's and Zeeks Pizza.
Current services within the Issaquah Highlands shopping centers include the Sorella Salon & Spa, Kumon Learning Centers, Occhio Optometry, Highlands Physical Therapy, Le Chic Pet Boutique and Spa, Highlands Cleaners, Allstate Insurance and Highlands Kids Dentistry.
UPDATE: October 11, 2012
Regency Centers, and Issaquah Highlands developer Port Blakely executives recently announced new retails for Grande Ridge Plaza. This latest announcement adds Dick’s Sporting Goods, Marshalls and HomeGoods to the retail center. On October 2nd, Issaquah city officials announced plans for RAM Restaurant & Brewery, Big Fish Grill and ULTA Beauty. Additionally, Microsoft announced plans to sell their vacant 60 acres across Ninth Avenue Northeast from the Grand Ridge Plaza site.
Unfortunately, construction has now stalled on the planned Residence Inn by Marriott due to financing issues. The Marriott hotel site is not part of the Grand Ridge Plaza project.
Issaquah Highlands: a New "Urban Village"
The Issaquah Highlands development will, when completed, will include over 4,500 homes, 3 million square feet of commercial space and more than 1,500 acres of parks, open spaces and trails. Currently, there are over 3,300 homes completed or currently constructed which means the development is almost three-quarters completed. The Issaquah Highlands was developed as one of the United States first “urban villages”.
Anthony Gilbert, REALTOR® is a Real Estate Agent with Coldwell Banker Danforth, serving the communities of Issaquah, Sammamish, southern Bellevue, Snoqualmie, North Bend & Fall City.