Friday, November 2, 2012
Although acknowledging the likely competition, both expressed confidence that they would be successful.
The announcement that there would be two outlet malls built in Chesterfield has left a lot of people scratching their heads, including some public officials, about whether there will be enough demand. It's also a question on the mind of investor's in the two competing companies, Taubman Centers (Taubman Prestige Outlets) and Simon Property Group (St. Louis Premium Outlets). Investment website Seeking Alpha recently published a story covering anaylst and investor conference calls held by the two companies. The story's author, Brad Thomas, has previously written about the dueling outlet malls. Here's his initial take: "If both projects get built, I suppose consumers in Chesterfield will have plenty of options for finding a bargain. I'm …
Wednesday, October 24, 2012
The outlet mall is one of two slated to open in Chesterfield next fall.
The walls are up at one of two Chesterfield outlet malls planned to open next fall, with a portion of the exterior shell of Taubman Prestige Outlets now visible. The outlet mall is aiming for an Aug. 2, 2013, opening and appears to be on track for the projected date. A press release from the company said foundation work has been completed for the entire structure located near the Boone's Crossing exit off of Highway 40. The erection of walls, electrical work and drainage channel installation are ongoing. The development is a partnership between Taubman Centers and OutletPartners LLC and is being built on a nearly 50-acre, open-air site and is projected to include more than 100 stores. Some of the tenants announced by Taubman include …
Monday, October 8, 2012
Former marketing director for Saks Fifth Avenue at Plaza Frotenac Colleen O'Neil will be the general manager for Taubman Prestige Outlets Chesterfield.
After breaking ground in July, Taubman Prestige Outlets Chesterfield is now starting to build its management team for the 450,000-square-foot development. The St. Louis Business Journal reported Friday that Colleen O'Neil has accepted a position as the general manager for Taubman Prestige Outlets. O'Neil was formerly the marketing director for Saks Fifth Avenue at Plaza Frotenac and will start her new position Oct. 26. The outlet mall is being built on a nearly 50-acre site near the Boone's Crossing exit off of Highway 40 and is slated to open in early August, two months earlier than initially planned. The development is a partnership between Taubman Centers and OutletPartners LLC, who have already announced that tenants for the mall will…
Friday, September 28, 2012
The price of the 50-acre parcel purchased by the Simon Property Group and two other partners from Chesterfield Blue Valley LLC was not disclosed.
Monday, September 24, 2012
The mall's developer Simon Property Group Announced Thursday that it is now 75 percent committed.
(Editor's note: A previous version of this story incorrectly stated the name of St. Louis Premium Outlets. It has been updated to reflect this change.) Simon Property Group Inc. announced Thursday that its Chesterfield retail development, St. Louis Premium Outlets, has expanded its list of stores and is now 75 percent committed. The news is just the latest manuever in the battle between two outlet malls set to open in Chesterfield next fall. Its competitor, Taubman Prestige Outlets, recently announced that it will open ahead of schedule on Aug. 2, a month before Premium Outlets planned September opening. The latest merchants added by Premium Outlets includes BCBGMAXAZRIA, Charlotte Russe, Jos. A. Bank, Motherhood Maternity, Max Studio …