Filed pursuant to Rule 424(b)(3)
                                                                 File #333-52089

                  PROSPECTUS SUPPLEMENT DATED DECEMBER 3, 1998

                                       To

                         Prospectus dated July 27, 1998

                                5,900,478 SHARES

                           REGENCY REALTY CORPORATION

                                  COMMON STOCK

This Prospectus  Supplement  supplements the prospectus dated July 27, 1998 (the
"Prospectus")  of  Regency  Realty  Corporation  (the  "Company")   relating  to
5,900,478  shares  (the  "Shares")  of  Common  Stock,  $.01 par value per share
("Common Stock"), of the Company.  This Prospectus  Supplement should be read in
conjunction with the Prospectus, and is qualified by reference to the Prospectus
except to the  extent  that the  information  herein  contained  supercedes  the
information  contained  in  the  Prospectus.  Capitalized  terms  used  in  this
Prospectus  Summary and not  otherwise  defined  herein  shall have the meanings
specified in the Prospectus  Summary and not otherwise defined herein shall have
the  meanings  specified  in  the  Prospectus  except  that  the  term  "Selling
Stockholders" shall be deemed to include the selling  stockholder  identified in
the table below.

The table contained in the Prospectus under the caption  "Selling  Stockholders"
is supplemented and amended to include the following:

                                                  Number of Shares
                                                  Beneficially Owned
         Name of Selling Stockholder              Prior to the Offering
         ---------------------------              ---------------------
         Milwaukee Jewish Federation                      3,099


         Mark  Brickman,  named  as a  Selling  Stockholder  in  the  Prospectus
         contributed all of his Shares to the Milwaukee Jewish Federation.