Prestige Outlets Developer Wins 'Race' to Build in Chesterfield Valley
Taubman says it has all the legal documents; "walls up" by October this year. The other developer works on its plans.
One of two developers keen on capturing outlet store shopping dollars in Chesterfield Valley said it now has all the government and agency documents in hand to erect a shopping center at Boones Crossing exit and Highway 40.
Chief Operating Officer Bill Taubman of Taubman Prestige Outlets Chesterfield announced he would close on the purchase of property from Chesterfield's Monarch Levee District Wednesday to build an outlets center.
The price of the former farm land was not immediately clear, but purchase may have been contingent on the yearlong approval process from federal, state and local agencies.
The first step would be to install drainage and utilities on the undeveloped property, Taubman said.
"Building walls will start going up in October 2012 and the shopping center will officially open on October 24, 2013 at 10 a.m. sharp," Taubman said at a groundbreaking ceremony.
The Michigan-based developer plans 100 stores on 49 acres in an open-air shopping center. See artist's renderings accompanying article.
The second outlet developer, Simon Properties, hosted a ceremonial groundbreaking earlier this month on its site at the Daniel Boone Bridge over the Missouri River. However, there are a number of approvals outstanding in the typically lengthy process. Key among them was a drainage plan that some feared would disrupt adjoining Rombach Farm.
Taubman estimates their own outlet store shopping center will bring 1,200 retail jobs with it, and $14 million in tax revenue—which would benefit Chesterfield's city government.
Construction should generate about 750 jobs, Taubman said. Preparation at the site began in April, with routine grading.
Missouri House of Representatives Majority Leader Tim Jones spoke at the ceremony, saying he was happy to see jobs and investments in Chesterfield.
Taubman said the outlet stores would become "a shopping destination for locals and visitors alike" and went on to reveal what stores were expected to be there:
- Banana Republic Factory Store
- Gap Outlet
- J.Crew Factory
- Anne Fontaine
- Brooks Brothers Factory Store
- 2b Bebe
- American Eagle Outfitters - Off Campus
- Lucky Brand Jeans
- Nine West
- Ed Hardy
- Body Shop
- Jones New York
- Designer Fragrance Outlet
- Easy Spirit
- Famous Footwear
- Hot Topic
- Thomas Sabo
- Bachrach Outlet
- Kitchen Collection
- Motherhood Maternity
- Ultra Diamonds
- Osh Kosh B’gosh
- Mikino/Mikino Men’s
- Gloria Jean’s Coffee
- Robert Wayne
- Rocky Mountain Chocolate Factory
- Things Remembered
- Sunglass Hut
- Time Center
Chesterfield's Mayor Bruce Geiger did not attend the ceremony, but issued a statement recognizing the “tremendous economic impact that Taubman Prestige Outlets Chesterfield will add to our community,” according to a statement read aloud.