Chesterfield Mall Explained

Chesterfield Mall
Location:Chesterfield, Missouri, United States
Developer:Richard E. Jacobs Group
Owner:The Staenberg Group
Manager:The Staenberg Group
Number Of Stores:0
Number Of Anchors:3 (all vacant), formerly 4
Floor Area:1293445square feet[1]
Floors:2 in main mall area. 3 in former Macy's and former Dillard's. AMC occupied dedicated 3rd floor.
Parking:5,976 free spaces
Publictransit: MetroBus

Chesterfield Mall was 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's stores are all currently closed, including its three anchor stores, the last having closed in November 2022.[6] The entire mall closed permanently on August 31, 2024, for demolition and construction of a mixed-use development.

History

The mall was developed by the and Richard E. Jacobs Group[7] and 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 separate building adjacent to the mall, near Stix. In 1981, a Famous-Barr anchor store opened. Three years later in 1984, Dillard's replaced Stix, Baer, and Fuller, after buying them. In 1995, a new Famous-Barr anchor store was built adjacent to the former space, which JCPenney later took over. The mall was renovated in 1996. In 2000, the four-screen cinema closed.

In 2002, the mall was purchased by Westfield and renamed Westfield Shoppingtown Chesterfield.[8] In 2005, the JCPenney anchor store closed and the space was demolished. It was replaced by multiple smaller shops and restaurants, including Borders (currently V-Stock), The Cheesecake Factory,[9] an American Girl store, a food court, and a 14-screen AMC Megaplex, on a new third floor.

In 2007, the mall was sold to CBL & Associates Properties. Borders closed in 2011 and was replaced with V∙Stock.[10] Anchor store Dillard's closed temporarily 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 announced the location would permanently close. The building remains vacant, but Dillard’s announced in 2024 that it will re-open its Chesterfield location as part of the future Downtown Chesterfield redevelopment project.[11]

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.[12] The foreclosure finalized in June 2017, making C-III Capital Partners the temporary owner.[13] The mall's anchor stores, though attached to the mall, are owned separately.

Hull Property Group purchased the mall in 2018,[14] In March 2018, the St. Louis area's only American Girl store in the mall, closed.[15] [16] On May 31, 2018, it was announced Sears would close, as a part of a plan to close 72 stores nationwide, also including the nearby South County Center location.[17] [18] Sears closed on September 2, 2018, leaving Macy's the last remaining anchor. In late 2018, the AMC Cinema was downgraded to an AMC Classic.

In February 2020, The Staenberg Group bought the mall from Hull Property Group and announced plans to spend nearly $1 billion redeveloping the property.[19] In 2021, vacant parts of the mall were repurposed for indoor community sports and other "eclectic tenants".[20] [21]

Macy's closed their anchor store on November 11, 2022. They opened a smaller Market by Macy's in nearby Chesterfield Commons.[22] 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 closed permanently.

Liquidation sales of the mall's fixtures began in early May 2023. 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. In 2024 the central lower level was turned into pickle ball and badminton courts owned by Arch Badminton & Pickle ball. During the last months the mall was filled with loud sounds of paddles clanking against pickle balls. V-Stock closed on July 28, 2024. The Cheesecake Factory closed on August 18, 2024, leaving the mall completely vacant.[23] [24] The entire mall closed permanently on August 31, 2024, and demolition began on October 15, 2024.[25]

External links

38.654°N -90.565°W

Notes and References

  1. Web site: Chesterfield Mall Fact Sheet. June 14, 2016. https://web.archive.org/web/20160808144422/http://www.cblproperties.com/pag.nsf/ByAlphaAllInfoforWebNew/3A26E8B98E484A828525757F00773421?opendocument. August 8, 2016. dead.
  2. Web site: Chesterfield / Highway 40 Region Profile . 2000 . www.co.st-louis.mo.us . St. Louis County Government . February 7, 2010 . https://web.archive.org/web/20060923025551/http://www.co.st-louis.mo.us/plan/devpro2000/chesterfield.pdf . September 23, 2006 . dead .
  3. Web site: Chesterfield Mall Fact Sheet . cblproperties.com . CBL & Associates Properties . February 5, 2010 . https://web.archive.org/web/20110708124916/http://www.cblproperties.com/pag.nsf/ByAlphaAllInfoforWebNew/3A26E8B98E484A828525757F00773421?opendocument . July 8, 2011 . dead .
  4. Web site: A tale of two cities . Craig . Bob . December 2003 . downtownchesterfield.net . Midwest Real Estate News . February 5, 2010 . https://web.archive.org/web/20110723103138/http://downtownchesterfield.net/news/MWREN.pdf . July 23, 2011 . dead .
  5. Web site: Chesterfield Village . Jarrett . Linda F. . November 2007 . stlcommercemagazine.com . St. Louis Commerce Magazine . February 5, 2010 . https://web.archive.org/web/20081010235113/http://www.stlcommercemagazine.com/archives/november2007/groundup.html . October 10, 2008 . dead .
  6. Web site: Shopping & Dining. Chesterfield Mall. en. December 21, 2018.
  7. Web site: Westfield completes Chesterfield Mall buy . April 30, 2002 . stlouis.bizjournals.com . St. Louis Business Journal . February 7, 2010.
  8. Web site: Westfield Group announces transactions with CBL & Associates and Simon Property Group . August 10, 2007 . westfield.com . Westfield Group . February 7, 2010 . https://web.archive.org/web/20100106230248/http://westfield.com/corporate/news-announcements/media-releases/2007/2007810_33132.html . January 6, 2010 . dead .
  9. The Cheesecake Factory Opens in Chesterfield, Missouri . February 28, 2006 . The Cheesecake Factory . January 28, 2023 .
  10. News: More Borders locations find new tenants . Kavita . Kumar . St. Louis Post Dispatch . December 21, 2011 . July 21, 2018 .
  11. Web site: Lenny . Cathy . 2024-04-10 . Dillard's to be included in redevelopment of Chesterfield Mall . 2024-09-07 . WestNewsMagazine.com . en.
  12. News: Chesterfield Mall foreclosure expected to finalize soon; flooded Dillard's won't reopen until 2017 . St. Louis Post-Dispatch . October 31, 2016 . March 27, 2017 . Lisa . Brown .
  13. News: Chesterfield Mall facing another change in owners and uncertain future . Lisa . Brown . St. Louis Post-Dispatch . July 23, 2017 . July 17, 2017 .
  14. News: Georgia firm confirms Chesterfield Mall buy, but hints it wants public subsidies . St. Louis Business Journal . Steph . Kukuljan . July 18, 2018 . July 20, 2018 .
  15. News: The ups and downs of Chesterfield Mall. Naffziger. Chris. February 28, 2018. October 14, 2018. en-US.
  16. News: Sold: Chesterfield Mall sold to Georgia firm, focus shifts to redevelopment . St. Louis Post-Dispatch . July 18, 2018 . July 20, 2018 . Brian . Feldt .
  17. News: Sears closing two St. Louis area stores . May 31, 2018 . June 3, 2018 . . Joe . Millitzer . CNN Wires .
  18. Web site: Shopping & Dining. Chesterfield Mall. en. October 14, 2018.
  19. News: The Staenberg Group now owns the Chesterfield Mall . February 17, 2020 . St. Louis Business Journal . Steph . Kukuljan . March 11, 2024.
  20. Web site: Chesterfield Mall Redevelopment Still A Few Years Out. westnewsmagazine.com. March 16, 2021. July 13, 2021.
  21. Web site: Chesterfield Mall is headed toward demolition. But here's what's inside it now. stltoday.com. Huguelet, Austin. June 6, 2021. July 13, 2021.
  22. Web site: Macy's to close an area store, open small-format location. ksdk.com. July 20, 2022. July 21, 2022.
  23. News: Chesterfield Mall fixtures to be sold in liquidation sales . May 4, 2023 . . Gloria . Lloyd . May 23, 2023 . .
  24. Web site: January 30, 2023. July 25, 2022. City of Chesterfield takes major step towards redeveloping mall site. KMOV.com.
  25. Web site: Chesterfield Mall permanently closes August 31. January 31, 2024. January 31, 2024. KSDK. en.