SECURITIES AND EXCHANGE COMMISSION
                                  UNITED STATES
                              Washington, DC 20549

                                  FORM 8-K/A-3

                                 CURRENT REPORT

   Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

   Date of Report (Date of earliest event reported)        March 7, 1997

                           REGENCY REALTY CORPORATION
             (Exact name of registrant as specified in its charter)



         Florida                   1-12298                   59-3191743
(State or other jurisdiction      Commission               (IRS Employer
     of incorporation)           File Number)             Identification No.)


  121 West Forsyth Street, Suite 200  
       Jacksonville, Florida                                   32202
(Address of principal executive offices)                     (Zip Code)


Registrant's telephone number including area code:        (904)-356-7000



                                 Not Applicable
        (Former name or former address, if changed since last report)







ITEM    7.       FINANCIAL STATEMENTS AND EXHIBITS

        C.       Exhibits

                 The following exhibit is filed with this report on Form 8-K.

                 (a)      Consent of Price Waterhouse LLP dated July 8, 1997.







                                   SIGNATURES


Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



                                                REGENCY REALTY CORPORATION



Date:  July 10, 1997                             By: /s/  J. CHRISTIAN LEAVITT
                                                     -------------------------
                                                          J. Christian Leavitt
                                                        Treasurer and Secretary










                       CONSENT OF INDEPENDENT ACCOUNTANTS

         We hereby consent to the  incorporation  by reference in the Prospectus
constituting  part of the Registration  Statement on Form S-3 (No.  333-2546) of
Regency  Realty  Corporation  of our report dated March 7, 1997  relating to the
financial  statements of Branch  Properties,  L.P., which appears in the Current
Report on Form 8-K/A-2 of Regency Realty  Corporation dated March 7, 1997 (filed
on May 12,  1997).  We also  consent to the  reference  to us under the  heading
"Experts" in such Registration Statement.



Price Waterhouse LLP
Atlanta, Georgia
July 8, 1997