(SLIDESHOW) Regency Mall’s $120 Million Transformation Unveiled: Latest Photos Show Demolition Progress

Racine, Wis (Civic Media) – The iconic Regency Mall is currently undergoing a $120 million transformation.  Here are the latest photos from the demolition work underway.   Woodman’s Food Market will be taking over a portion of the mall, with construction scheduled to begin in July for a grocery store opening next year. 

The redevelopment project includes demolishing approximately 400,000 square feet of the mall.

The eastern portion of the mall will be coming down to make way for the new development. However, part of the mall will remain open.

Stores that were located in the eastern section have already been relocated.

Demolition work officially commenced two weeks ago, signifying a fresh start for Regency Mall.

Racine Mayor Cory Mason emphasized the significance of this redevelopment, highlighting its potential to reinvigorate economic activity in the area.

The addition of a substantial grocer, like Woodman’s Food Market, addresses the city’s need for more food options.

The city of Racine approved up to $39.4 million in tax incremental financing in April 2023 to support the redevelopment project.

This financing allows Hull Property Group to recoup a portion of the annual property taxes generated by the mall redevelopment.

The mall redevelopment is expected to create approximately $80 million in new property value.

The demolition of the former Boston Store marked the start of Phase I of the redevelopment project.

Construction of Woodman’s Market and a gas station is scheduled to begin in July 2024.

The anticipated opening of Woodman’s Market and the gas station is set for summer 2025.

Subsequent phases of the redevelopment will introduce over 200 apartments in addition to more retail and dining options.