The first residents of The Regent at Regency, a new 314-unit apartment building at the former Regency Square mall in western Henrico County, are scheduled to move in on November 15, 2026. If you own a home or are shopping near the mall, the short version is this: hundreds more renters are arriving on the site this winter and spring, and the mall’s zoning leaves room for hundreds more homes after that.
Richmond BizSense reporter Jack Jacobs broke the news on November 4, 2026, based on an interview with Rob Hargett of Rebkee, which co-owns the mall with Thalhimer Realty Partners. The summary below is ours, followed by the part BizSense did not cover: what it means for the houses around the mall.
What opens on November 15, and what follows
According to BizSense, The Regent is a five-story building on a former parking lot along Starling Drive, with one-, two- and three-bedroom units of roughly 660 to 1,400 square feet. BizSense put the project cost at $80 million. About 60 units are expected to be ready in mid-November 2026, with the rest released in phases and full occupancy expected in the spring.
BizSense reported asking rents of about $1,650 to $2,700 a month at The Regent as of November 2026. Those are the building’s own reported rates, not a market average for Henrico.
| Regency residential phase (per BizSense, Nov. 4, 2026) | Units |
|---|---|
| The Rise (completed first phase) | 320 |
| The Regent (move-ins begin Nov. 15, 2026) | 314 |
| Total apartments with The Regent | 634 |
| Possible next phase, senior housing (in discussion) | About 160 |
| Maximum residential units allowed by the mall’s zoning | 1,250 |
The next phase is not a done deal. Hargett told BizSense that talks with an unnamed senior housing developer are ongoing for a site near the first two buildings.
The income set-aside, in plain terms
BizSense reports that The Regent was financed with a Virginia Housing loan, and that as a condition of that loan 20% of its units are reserved for renters earning less than 80% of Henrico’s area median income. Area median income figures are set each year by HUD; you can look up the current numbers for the Richmond area on HUD’s income limits page. We are not quoting a dollar limit here because it depends on household size and changes annually.
What it means for Tuckahoe and the streets around Regency
The mall sits in the Tuckahoe area, an established part of western Henrico with many single-family subdivisions. Three practical takeaways for people who own or are buying there:
- More neighbors within walking distance of the mall. With 634 apartments on site, the mall has a built-in customer base for its newer tenants. BizSense lists Performance Pickleball, NOVA Aquatics, Grove Eye Care and Tee Box, and we covered the Sheltering Arms lease at Regency in October. BizSense did not report a traffic study, so treat added car trips around the mall as something to watch as the building fills.
- More rental competition. If you rent out a house or condo nearby, 314 new units leasing through the spring gives renters more choices. Price and present your rental with that in mind.
- The site is not finished. The zoning cap of 1,250 units means roughly 600 more homes could still be proposed. Before you buy near the mall, check pending cases with the Henrico County Planning Department.
If you are weighing Tuckahoe against other western Henrico options, our pages on West Broad Village and Short Pump cover nearby areas with their own mixed-use centers, and our guide to neighborhoods near a major shopping center compares the tradeoffs. Comparing a new apartment lease with a mortgage payment? Our mortgage calculator lets you run your own numbers, and our buyer guide walks through the steps.
Curious what is for sale near Regency?
See current listings in Tuckahoe and the rest of western Henrico, and compare them at your own pace.
More local development stories are on our Richmond area news page.
Regent at Regency: quick answers
When can the first residents move into The Regent?
BizSense reported that the first residents are expected to move in on November 15, 2026, starting with about 60 units.
When will the whole building be finished?
Units are being released in phases, and Rebkee told BizSense the building should be ready for full occupancy in the spring.
Who owns Regency?
BizSense reports that Rebkee and Thalhimer Realty Partners co-own the mall. Purcell Construction is the general contractor and Poole & Poole Architecture designed the building.
Was The Regent always called that?
No. It was first planned as The Rise II, a sister building to The Rise, and was later rebranded.
Are any units income-restricted?
Yes. BizSense says 20% of units are set aside for renters earning less than 80% of Henrico’s area median income, a condition of the building’s Virginia Housing loan.
How many homes could eventually be built at Regency?
The mall and its parking lots are zoned for up to 1,250 residential units, according to BizSense. About 634 apartments exist or are opening now.
Does this change my Henrico real estate assessment?
Not directly. Henrico assesses each home on its own market value. A nearby apartment building is one factor among many, and BizSense did not report any assessment effect.
