Address 1420 Parham Road Developer Leonard Farber | Opening date 1975 Owner Thalhimer, Rebkee Co | |
Location Richmond, Virginia, United States Management Cushman and Wakefield Thalhimer | ||
Regency Square is an enclosed shopping mall in Richmond, Virginia, United States. Opened in 1975, the mall features a food court and more than 100 tenants, including JCPenney and Sears. Macy's, which had two locations at Regency Square, pulled out in Spring 2016.
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History
Regency Square opened in 1975. It was developed by Leonard Farber of Pompano Beach, FL in conjunction with local developer E. Carlton Wilton.
At the mall's opening, anchor stores included JCPenney, Sears, Miller & Rhoads and Thalhimer's. Besides the addition of a food court in 1987, the mall remained largely unchanged. After Miller & Rhoads closed in 1990, Hecht's bought the location, along with three other former Miller & Rhoads stores in Virginia, and converted it to a Hecht's. Two years later, the Thalhimer's chain was also acquired by Hecht's, and as a result, the Thalhimer's became a second Hecht's location.
In 1991, Wilton sold the mall to Prudential. Taubman Centers then acquired the Regency Square mall in 1997. A children's play place was added in 2003.
In January 2012, Taubman returned the mall to its mortgage lender to avoid foreclosure on the property. The lender hired Jones Lang LaSalle for management of the property.
In February 2015, Thalhimer Realty Partners and The Rebkee Company, both local companies, bought Regency for 13.1 million. The new owners plan to revitalize the mall while keeping it focused on retail.
As part of a nationwide closing of 36 stores, Macy's has closed both of its stores at Regency Square in Spring 2016.
Competition with other malls
Regency Square faced additional retail competition in 2003, when two other malls opened nearby: Short Pump Town Center and Stony Point Fashion Park, the latter also a Taubman property.