Whole Foods, Shake Shack coming to St. Johns County’s fastest-growing community
Regency Centers said it is developing the grocery-anchored open-air shopping center “The Berkeley at Durbin Park” in St. Johns County, Fla., near UF Health Durbin Park. The company plans groundbreaking in Q4 2026 and lists Whole Foods as the anchor, with TJ Maxx, Firebirds Wood Fired Grill, and Shake Shack as tenants. Regency also cites a separate 250,000-sq-ft project, The Village at Seven Pines.
How this was made
The 30-second read
Why it matters
The tenant lineup (Whole Foods, TJ Maxx, Firebirds, Shake Shack) and planned Q4 2026 groundbreaking provide incremental pipeline detail, but the lack of financial terms limits near-term trading impact.
Market read
A regional development/pipeline update for Regency Centers with named tenants, but no disclosed financials or lease terms.
What to watch
Traders may want to verify whether Whole Foods and Shake Shack leases are signed/secured and whether any anchor tenant changes could affect project timing or returns.
Background
Regency Centers is a REIT focused on retail properties; this article describes a new grocery-anchored, open-air shopping center in St. Johns County, Florida.
Ticker impact
Regency Centers is developing The Berkeley at Durbin Park, with Whole Foods and Shake Shack as tenants, and plans Q4 2026 groundbreaking.
Likely modest, if any, near-term impact; more relevant for longer-dated development/pipeline sentiment.
The article discloses a new grocery-anchored center and tenant roster, but provides no capex, lease terms, or financial guidance that would drive a large immediate repricing.
Market effects
Supports the broader theme of grocery-anchored retail development and tenant demand in suburban growth corridors.
Highlights continued investment in the Jacksonville metro (Durbin Park area), which can marginally improve local retail leasing expectations.
Limited; primarily a regional real-estate development update.
Counterpoint
Without disclosed lease economics or project cost, the news may be more marketing than a material earnings driver.
Key entities
- companyRegency Centers
Developer of The Berkeley at Durbin Park, with a stated Q4 2026 groundbreaking plan and named tenants.
- tenantWhole Foods Market
Announced as the grocery anchor for the development.
- tenantShake Shack
Announced as part of the tenant lineup for the development.
