WICHITA — One of the last phases of the Regency Lakes shopping center at the northwest corner of 21st and Greenwich is under development.
Four S Development, a group of local investors, is building an 11,375-square-foot strip center on the lake in front of Cabela’s.
“We envision it being a four-tenant building,” says Brad Saville, a partner in the group and president and CEO of Landmark Commercial Real Estate. “We’ve got one lease signed.”
Saville confirms the tenant is a restaurant that should be open before the holidays. It will take 2,900 square feet and have a patio overlooking the lake.
Sources say Papa John’s Pizza franchisee Terry Newman is doing a new concept in the space, and it’s likely based on burritos. Newman didn’t return calls to comment.
Landmark’s Ken Saville is handling leasing for the rest of the strip center.
“We’re thinking there could be one other small restaurant, and the rest would be retail,” says Brad Saville.
Saville says he first began work at Regency Lakes when he helped Cabela’s purchase property there. Then, he helped Hobby Lobby with its lease there.
“That’s all kind of led to this last parcel.”
says retail development in the K-96 and Greenwich area will be significant in the next three years.
Along with the Waterfront development at 13th and Webb, he says, “Really, I think this is the highest-growth area in the whole city.”