Saturday, May 11, 2013
Check out this slideshow of photos to see an aerial view of how the St. Louis Premium Outlets are shaping up along with a ground level look at the Taubman Prestige Outlets.
About the Outlets: St. Louis Premium Outlets is set to open Aug. 22. The $100 million, 350,000-square-foot complex will include 85 stores located on the south side of Highway 40 just east of the Daniel Boone Bridge. It is being developed by Indianapolis-based Simon Property Group and Forth Worth, Texas-based Woodmont Outlets. Taubman Prestige Outlets is set to open Aug. 2. The $150 million, 450,000-square-foot project will include more than 100 stores on North Outer 40 east of Boone’s Crossing. It is being developed by Bloomfield Hills, Mich.-based Taubman Centers and Warren, N.J.-based OutletPartners LLC. Join Chesterfield Patch for more community news or join us on Facebook and Twitter.
Tuesday, April 16, 2013
It also includes several retailers who will be making an appearance at both St. Louis Premium Outlets and Taubman Prestige Outlets.
As the the August openings for Chesterfield two outlet malls inches closer, the list of stores is slated for each locations grows larger. The city of Chesterfield has been providing weekly updates online about tenants at the more than 160 combined storefronts for the future Taubman Prestige Outlets and St. Louis Premium Outlets. The list, available online, is based on the applications the city has received for interior finish work. Patch first reported on this March 21 and since then, each of the two competing companies has added even more stores to their offerings, include some that will be pulling double-duty. Gap, Brooks Brothers, Famous Footwear, J. Crew, PacSun have all applied to have stores in each of the outlets. The latest …
Friday, April 12, 2013
Bob Nation will be sworn in as mayor on April 17.
Chesterfield’s Mayor-Elect says the city needs some “healing” after what he described as a hard-fought campaign that focused on his opponents backing of public financing for an outlet mall development. Nation made the comment in an interview by the St. Louis Suburban Journals published this week. Nation will be sworn in as mayor on April 17 and told the publication that his focus will now be on the future. "I recognize this was a hard-fought campaign and I think some healing needs to be done, which I certainly hope can occur sooner rather than later," he said. "I want to emphasize us all working together for Chesterfield's good." Nation also said he would like “roll back tax rates where possible” and added that the city has a lot of …
Sunday, March 3, 2013
The Chesterfield Planning and Zoning Commission has granted sign packages for St. Louis Premium Outlets and Taubman Prestige Outlets that give a preview of how the sites will be advertised.
Another sign that the two outlet malls racing to finish construction are both on track is, well, signs. At a meeting of the Chesterfield Planning and Zoning Commission Feb. 25, the two developers each received the go-ahead and special sign packages that offer an outline of what drivers can expect to see as they travel through Chesterfield Valley. Planning and Development Services Director Aimee Nassif said the purpose of proposing a sign package is to allow flexibility for big projects such as the St. Louis Premium Outlets or the Taubman Prestige Outlets that might have specific needs. “It provides some flexibility from our traditional standards if there is a unique development or a mix of uses or a large-scale development,” Nassif said. …
Monday, November 12, 2012
The St. Louis Business Journal is reporting that overdue payments on local commercial real estate investments in the area have gone up.
A mall property in the Hazelwood area formely owned by St. Louis Premium Outlets developer Simon Property Group is overdue on a loan of $90 million. The St. Louis Business Journals reported Thursday that past due payments on commercial real estate investments in St. Louis have risen. The article cites New York research firm Trepp LLC and said that one of the lager delinquencies is the St. Louis Mills Mall in Hazelwood, now known as St. Louis Outlet Mall. Simon transferred ownership of the property at the end of August and brought in The Woodmount Co. as the new managers. Woodmount is one of Simon's partners in the development of the $85 million St. Louis Premium Outlets in Chesterfield. The Hazelwood mall is now overdue by 90 days or …
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 …
Tuesday, May 29, 2012
In Las Vegas, developer Taubman covered huge buses in ads touting its new Chesterfield Valley outlet mall project.
The competition to build a successful outlet stores mall in Chesterfield Valley reached a new level at a trade show in Las Vegas this past week, according to Kavita Kumar, writing a business brief for stltoday.com. Taubman Prestige Outlets Chesterfield—the developer who has begun grading on 49 acres at the Boones Crossing exit from Highway 40/64—apparently covered huge buses in ads at the convention, that hyped the opening of its new outlets mall in October 2013, in Chesterfield. The International Council of Shopping Centers gathered in Las Vegas. Taubman has already joined Chesterfield Chamber of Commerce (businesses) and has signed on as a sponsor of the popular weekly summer concerts in Faust Park, in Chesterfield. Chesterfield Blue …
Tuesday, May 22, 2012
Despite previous assurances, is Rombach Farms threatened by outlet mall development?
A lawyer for one of two outlet mall developers in Chesterfield Valley brought a letter to light Monday that shows ongoing interest in stormwater channels for St. Louis Premium Outlets through neighboring farms—like Rombach Pumpkin Farms. Despite previous public reassurances by city officials to the public and Rombach Farms that no seizure of private property for drainage ditches was pending, the letter raised the topic once again in a public setting, at a city council meeting. Chet Pleban, a local attorney for Taubman Prestige Outlets Chesterfield, said he was giving Chesterfield City Council "information" but went on to suggest developers could be working to get ditches through private property. The stormwater channels would run toward …
Nancy Greenwood revealed her opposition to a sales tax for the outlets mall just prior to Monday's City Council vote, via letter.
Tuesday, May 22, 2012
Despite a public plea from Chesterfield's former Mayor Nancy Greenwood against a 1 percent sales tax hike for a proposed outlet stores mall in Chesterfield Valley, the City Council approved the measure 6-1 Monday night. Councilman Barry Flaschbart voted no, saying he wanted a smaller percent tax. Greenwood sent a letter to Council, that was read aloud during the public comment period of the city council meeting. The approval of a Community Improvement District (CID) gives St. Louis Premium Outlets a $30 million cap in borrowing against future sales tax revenue to build the complex. Here is the content of Greenwood's letter against the CID that allows for the tax hike. Consumers will pay 9.3 percent on the dollar at the outlet stores when …