| Location | Richmond, Virginia, USA |
|---|---|
| Address | 1420 Parham Road |
| Opening date | 1975 |
| Developer | Taubman Centers |
| Management | Taubman Centers |
| Owner | Taubman Centers |
| No. of stores and services | 100+ |
| No. of anchor tenants | 4 |
| Total retail floor area | 820,000 square feet (76,180.5 m2)[1] |
| Parking | Covered and lit parking decks |
| No. of floors | 2 |
| Website | www.shopregencysqmall.com/ |
Regency Square is an enclosed shopping mall in Richmond, Virginia, USA. Opened in 1975, the mall features more than 100 tenants, including four anchor stores JCPenney, Sears, Macy's North, and Macy's South as well as a food court. The mall is owned and managed by Taubman Centers.
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Regency Square opened in 1975. At the time, its anchor stores comprised JCPenney, Sears, Miller & Rhoads and Thalhimer's. Besides the addition of a food court in 1987, the mall remained largely unchanged.[2] 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.[3] 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.
Taubman Centers acquired the Regency Square mall in 1997.[4] A children's play place was added in 2003.[2]
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.[5] In 2008, it had the second-lowest vacancy rate of any shopping center in Richmond.[6]
Regency offers a wide variety of stores, ranging from family and local stores to high-end national chains. Macy's owns two anchor stores here, called "Macy's North" and "Macy's South". Macy's North has 3 stories, even though the rest of the mall is only 2, while Macy's South follows the traditional 2-story concept. Regency is also the only 2-story indoor mall in Richmond, Short Pump Town Center is outdoor. In recent years, many national chains have left Regency, due to increasingly low foot traffic that have gone to Short Pump and Stony Point. These brands included Ann Taylor, Williams-Sonoma, and even GameStop. Regency still has its share of fancy stores. Forever 21 runs it's so far only Richmond store at Regency, under the XXI Forever brand. It is two stories. In it's heyday, Regency was a bustling mall, blooming with designer stores and national brands. Since the simultaneous openings of Short Pump and Stony Point, Regency's foot traffic levels have dropped sharply, up to the point of which in early 2010, Taubman Centers announced the mall will be handed over to it's lender, Bank of America. Developers hope to see the mall prosper, however, and look for redevelopment opportunities if it ends up closing.
Regency has for a longtime celebrated the holidays with a huge "Santa's Workshop" concept, that includes Saint Nick himself, along with two large nutcracker statues, with artificial snow falling, along with promotions involving the 2004 film The Polar Express. This has become a traditional concept for the mall, as many kids enjoy this and look forward to it each year. It is one of the only malls in the Richmond area to do this every holiday season.