Chesterfield Mall

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Chesterfield Mall
Chesterfield Mall, Chesterfield, Missouri.jpg
Chesterfield Mall
Location Chesterfield, Missouri, United States
Opening date1976;48 years ago (1976)
Closing dateAugust 31, 2024;5 months' time (August 31, 2024)
Developer Richard E. Jacobs Group
ManagementThe Staenberg Group
OwnerThe Staenberg Group
No. of stores and services30 at present; about 150 in total
No. of anchor tenants 3 (0 open, 3 vacant), formerly 4
Total retail floor area 1,293,445 square feet (120,165.0 m2) [1]
No. of floors2 in main mall area. 3 in former Macy's and former Dillard's. AMC occupied dedicated 3rd floor.
Parking5,976 free spaces
Public transit access Bus-logo.svg MetroBus
Website www.chesterfieldmallstl.com

Chesterfield Mall (formerly known as Westfield Shoppingtown Chesterfield) is a shopping mall in Chesterfield, Missouri, at the intersection of Interstate 64/U.S. Routes 40-61 and Clarkson Road (Route 340). [2] The mall opened in 1976, [3] built by Richard Jacobs. [4] [5] With the closing of Northwest Plaza in St. Ann in 2010, Chesterfield Mall became the largest shopping mall in the St. Louis metropolitan area. The mall presently includes about 30 shops, three restaurants, and it used to have an AMC Megaplex theater. Chesterfield Mall's three anchor stores are all vacant, the last having closed in November 2022. [6] In 2020, plans were announced to demolish the property in 2024 for a mixed-use development.

Contents

History

The mall opened on September 1, 1976, as the sister mall to Jamestown Mall in Florissant, Missouri. The mall's original two anchor stores were Sears and Stix, Baer, and Fuller. Two years later in 1978, the four-screen Chesterfield Mall 4 Cinema opened in a building separate from the mall itself, near the Stix/Dillard's building. In 1981, a Famous-Barr store opened at the mall. Three years later in 1984, Dillard's replaced Stix, Baer, and Fuller, after buying out the company. In 1995, a new Famous-Barr store was built adjacent to the former space, which JCPenney would later take over. The mall received a renovation in 1996. In 2000, the four-screen cinema closed. Five years later in 2005, the JCPenney store closed and the space was demolished, which made way for many smaller shops and restaurants, including Borders (currently V-Stock), The Cheesecake Factory, an American Girl store (closed as of 2018), a food court (also closed in 2018), and a 14-screen AMC Megaplex, which took up a new third floor.[ citation needed ]

The mall was bought by Hull Property Group in 2018, [7] after a (reverse) progression of ownership by CBL & Associates Properties (from 2007), the Westfield Group (from 2002), [8] and Richard E. Jacobs Group initially. [9] The mall was placed in receivership in the third quarter of 2016, pending foreclosure, with management transferred to Madison Marquette while a new owner was sought. [10] The foreclosure finalized in June 2017, making C-III Capital Partners the temporary owner. [11] The mall's anchor stores, though attached to the mall, are owned separately. [12]

Borders closed in 2011 and was replaced with V∙Stock. [13] Anchor store Dillard's closed in September 2016 due to flooding following a water main break. The store was expected to reopen in 2017, but in early 2018 the company finally announced that the location would remain permanently closed. In March 2018, the St. Louis area's only American Girl store, which was inside the mall, closed. [14] [10] [12] On May 31, 2018, it was announced Sears would be closing this location as a part of a plan to close 72 stores nationwide, which also included the location at nearby mall South County Center. [15] [16] The store closed on September 2, 2018, leaving Macy's as the last remaining anchor store. In late 2018, the AMC Cinema was downgraded to an AMC Classic.

The former Sears anchor store being used as a skateboard shop and skate park in 2023 Chesterfield-Mall-Sears-Skate-Park.jpg
The former Sears anchor store being used as a skateboard shop and skate park in 2023

In February 2020, The Staenberg Group, which bought the mall from Hull Property Group, announced plans to spend nearly $1 billion on overhauling the mall to be a mixed-use development with condos, apartments, offices and retail. [17] In 2021, vacant parts of the mall were being repurposed for indoor community sports and other "eclectic tenants". [18] [19]

In 2022, it was announced that Macy's would close on November 11, 2022. They vacated this on-mall 200,000 square feet (19,000 m2) building and built a new Market by Macy's in Chesterfield Commons estimated around 32,000 square feet (3,000 m2). [20] Liquidation sales started in early September, leaving the mall with no anchors left, basically turning it into a dead mall. In May 2023, the AMC Classic Chesterfield 14 was permanently closed, leaving V-Stock and The Cheesecake Factory as the remaining junior anchors. The Cheesecake Factory had opened the location in 2006. [21] Liquidation sales of the mall's fixtures began in early May 2023 and are currently underway, with plans for everything to be sold and for the mall to be shuttered by 2024. Redevelopment plans call for the mall to be turned into a mixed-use property with housing, office, dining, and retail called Downtown Chesterfield, set to begin construction once the mall finishes demolition. [22] [23] On January 31, 2024, the mall owners announced that all remaining tenants would be evicted from the mall by August 31, 2024, with demolition to begin shortly after the closure date. [24]

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References

  1. ↑ "Chesterfield Mall Fact Sheet". Archived from the original on August 8, 2016. Retrieved June 14, 2016.
  2. ↑ "Chesterfield / Highway 40 Region Profile" (PDF). www.co.st-louis.mo.us. St. Louis County Government. 2000. Archived from the original (PDF) on September 23, 2006. Retrieved February 7, 2010.
  3. ↑ "Chesterfield Mall Fact Sheet". cblproperties.com. CBL & Associates Properties. Archived from the original on July 8, 2011. Retrieved February 5, 2010.
  4. ↑ Craig, Bob (December 2003). "A tale of two cities" (PDF). downtownchesterfield.net. Midwest Real Estate News. Archived from the original (PDF) on July 23, 2011. Retrieved February 5, 2010.
  5. ↑ Jarrett, Linda F. (November 2007). "Chesterfield Village". stlcommercemagazine.com. St. Louis Commerce Magazine. Archived from the original on October 10, 2008. Retrieved February 5, 2010.
  6. ↑ "Shopping & Dining". Chesterfield Mall. Retrieved December 21, 2018.
  7. ↑ Kukuljan, Steph (July 18, 2018). "Georgia firm confirms Chesterfield Mall buy, but hints it wants public subsidies". St. Louis Business Journal. Retrieved July 20, 2018.
  8. ↑ "Westfield Group announces transactions with CBL & Associates and Simon Property Group". westfield.com. Westfield Group. August 10, 2007. Archived from the original on January 6, 2010. Retrieved February 7, 2010.
  9. ↑ "Westfield completes Chesterfield Mall buy". stlouis.bizjournals.com. St. Louis Business Journal. April 30, 2002. Retrieved February 7, 2010.
  10. 1 2 Brown, Lisa (October 31, 2016). "Chesterfield Mall foreclosure expected to finalize soon; flooded Dillard's won't reopen until 2017". St. Louis Post-Dispatch. Retrieved March 27, 2017.
  11. ↑ Brown, Lisa (July 17, 2017). "Chesterfield Mall facing another change in owners and uncertain future". St. Louis Post-Dispatch. Retrieved July 23, 2017.
  12. 1 2 Feldt, Brian (July 18, 2018). "Sold: Chesterfield Mall sold to Georgia firm, focus shifts to redevelopment". St. Louis Post-Dispatch. Retrieved July 20, 2018.
  13. ↑ Kumar, Kavita (December 21, 2011). "More Borders locations find new tenants". St. Louis Post Dispatch. Retrieved July 21, 2018.
  14. ↑ Naffziger, Chris (February 28, 2018). "The ups and downs of Chesterfield Mall" . Retrieved October 14, 2018.
  15. ↑ Millitzer, Joe (May 31, 2018). "Sears closing two St. Louis area stores". KTVI. CNN Wires . Retrieved June 3, 2018.
  16. ↑ "Shopping & Dining". Chesterfield Mall. Retrieved October 14, 2018.
  17. ↑ Kukuljan, Steph (February 17, 2020). "The Staenberg Group now owns the Chesterfield Mall". St. Louis Business Journal. Retrieved March 11, 2024.
  18. ↑ "Chesterfield Mall Redevelopment Still A Few Years Out". westnewsmagazine.com. March 16, 2021. Retrieved July 13, 2021.
  19. ↑ Huguelet, Austin (June 6, 2021). "Chesterfield Mall is headed toward demolition. But here's what's inside it now". stltoday.com. Retrieved July 13, 2021.
  20. ↑ "Macy's to close an area store, open small-format location". ksdk.com. July 20, 2022. Retrieved July 21, 2022.
  21. ↑ "The Cheesecake Factory Opens in Chesterfield, Missouri". The Cheesecake Factory (Press release). February 28, 2006. Retrieved January 28, 2023.
  22. ↑ Lloyd, Gloria (May 4, 2023). "Chesterfield Mall fixtures to be sold in liquidation sales". St. Louis Business Journal . Retrieved May 23, 2023– via KSDK.
  23. ↑ "City of Chesterfield takes major step towards redeveloping mall site". KMOV.com. July 25, 2022. Retrieved January 30, 2023.
  24. ↑ "Chesterfield Mall permanently closes August 31". KSDK. January 31, 2024. Retrieved January 31, 2024.

38°39′14″N90°33′54″W / 38.654°N 90.565°W / 38.654; -90.565

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