Tuesday, September 11, 2012
One of the two new outlet malls being built in Chesterfield will open a portion of the mall in August of next year.
The Taubman Prestige Outlet Mall, one of two outlet malls currently under construction in Chesterfield off of Highway 40, will open ahead of schedule a portion of the mall on Aug. 2, 2013, just in time for the back-to-school, tax-free weekend. The opening of phase 1 of the mall, which held a groundbreaking ceremony July 25, will include approximately 80 stores in 310,000 square feet of space. Phase 2, set to open for the Spring of 2014, will include an additional 140,000 square feet of property and approximately 30 to 40 new stores. “This year, we noticed how the back-to-school holiday was the No. 2 busiest shopping day of the year, so we sat down with all of our contractors and asked, ‘Can this be done?’ said Karen MacDonald, Taubman’s …
Monday, August 27, 2012
A recent St. Louis Public Radio story calls the Chesterfield Valley, a “retail mecca.”
Two new outlets in the Chesterfield Valley have begun calling attention from St. Louis media to the area. Premium Outlets, near Rombach Farm and Prestige Outlets, at the Boones Crossing exit from Highway 40/64, are the subject of a story by St. Louis Public Radio, which explores the history of the Valley since the flood of 1993. Michael Staenberg, CEO of THF Realty, which purchased much of the land in the Valley shortly after the flood, is quoted by St. Louis Public Radio describing how smart of a decision it was for his company to buy the land at the time when the flood brought property values down. “The flood was the best thing that had ever happened to me. I’m sorry it hurt people, but it also brought recognition of what the Valley …
Wednesday, July 11, 2012
St. Louis Premium Outlets hosts a ceremony Wednesday, 9am, at the site.
A second proposed outlets mall breaks ground today, Wednesday, in a ceremony at the 60-acre site in Chesterfield Valley, just off I-64 before the Boone Bridge over the Missouri River. St. Louis Premium Outlets is intended to be part of a much larger complex of offices, hotel, restaurants and entertainment, according to developers. Chesterfield Blue Valley LLC owns the collection of land parcels, and partnered with Simon Property Group and Woodmont Outlets for the project. The project is yet to have all the okays necessary to build, but the process is ongoing apparently. City planners okayed a temporary sign for the outlets on Monday. The other outlets mall proposed for Chesterfield Valley is Taubman Prestige Outlets. It broke ground on …
Wednesday, May 23, 2012
One outlet asks for a 5/8-cent sales tax; city okays 1% tax for the other.
Taubman Prestige Outlets of Chesterfield filed a petition March 1 in St. Louis County Circuit Court to set up a Transportation Development District (TDD) for the area of its proposed mall. As a result of that "district" new tax revenue would help pay for projects with roads, parking, and more in that area. Taubman had begun grading 49 acres next to the Hardee's IcePlex on the north side of Highway 40/64 in February. Meanwhile, competing St. Louis Premium Outlets had been asking for a 1 percent Commercial Improvement District sales tax for an outlet mall planned near the Missouri River. There was some opposition to providing a CID sales tax to developers that would raise an estimated $30 million over 20 years. Both a TDD tax and a CID have …
E J Anderson
11:36 am on Wednesday, September 12, 2012
I sure hope these folks don't expect to be bailed out the next time a '93-style flood hits--they are building in a flood plain with a serious history and they know it up front! Don't even get me started about the number of strip malls, retail oases, and ways to spend money we don't have in this economy are taking over Chesterfield--DO WE REALLY NEED TWO OUTLET MALLS?!?!?! more ›