Thursday, March 21, 2013
The city is providing a weekly update on its website to help eager shoppers keep track of what retailers are headed to the future St. Louis Premium Outlets and Taubman Prestige Outlets
Wondering what businesses will be filling the more than 160 storefronts at Chesterfield's future pair of outlet malls? Than there's one website you will want to be visiting every Friday. The city of Chesterfield is providing weekly updates online about prospective tenants for the future Taubman Prestige Outlets and St. Louis Premium Outlets by tracking applications they have received for interior finish work at the two outlet malls. The list is maintained by Chief City Planner Aimee Nassif and updated every Friday. Nassif started the list as a way of providing a quick reference after being deluged with calls for information about what stores would be populating the dueling retail centers. Currently, nine retailers have applied for …
Tuesday, February 26, 2013
A financial analyst with investment website Seeking Alpha called the competition between Taubman Prestige Outlets and St. Louis Premium Outlets a gamble with no clear victory.
With the battle for outlet mall supremacy in Chesterfield heating up, some financial analysts are doubting assertions that there is enough consumer demand to support success for both projects. Writing in investment website Seeking Alpha, Brad Thomas called it “a gamble” by both Taubman Centers (Taubman Prestige Outlets) and Simon Property Group (St. Louis Premium Outlets) that is being waged “with no clear victorious outcome.” While acknowledging that the market may be underserved, Thomas said there simply isn’t enough demand to support the combined 800,000 square feet of retail space that will open in August. Thomas comments were in light of a recent earnings conference call held by Taubman, in which executives with the companies defended…
Monday, July 30, 2012
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 …
Wednesday, June 27, 2012
Chesterfield's two outlet malls talk about shovels in the ground.
Both delvelopers seeking permits to build outlet stores shopping malls in Chesterfield Valley said that July was the month for groundbreaking, according to St. Louis Business Journal Reporter Evan Binns. Premium Outlets, near Rombach Farm, was looking at a July 11 date. Prestige Outlets at the Boones Crossing exit from Highway 40/64 has already been grading their own site since April, but said an official groundbreaking was set for July 25. Both outlet developers have said in the past that they are busy negotiating with potential tenants for the proposed spaces. Premium Outlets was the first to announce a tenant, Saks Off Fifth. Prestige expects to reveal potential tenants at its groundbreaking ceremony July 25. Chesterfield Mayor Bruce …
Monday, March 12, 2012
How does the existing Chesterfield Mall factor in?
Extensive scenarios for two new outlet malls in Chesterfield Valley had city leaders and staff working this week to strike a balance among developers' demands, city codes and quality of life issues. The city's Planning and Public Works Committee combed through plans in one room at City Hall, while at the same time the city's Architectural Review Board examined details for a second proposed outlet mall in another. The plans for two outlet malls in what was once known as Gumbo Flats and under 12 feet of water in 1993, came to the attention of residents in recent weeks with one outlets developer asking the city for a one percent sales tax hike to essentially help pay off building the outlets. Chesterfield Blue Valley LLC is asking for the tax…
Debra Tolliver-Nash
9:17 am on Wednesday, May 1, 2013
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