Chesterfield mall is scheduled to be demolished, paving the way for a series of massive projects that would remake the city with $2.5 billion in development.
As per 5 On Your Side, The $2.5 billion Downtown Chesterfield mixed-use community planned by Olivette-based developer The Staenberg Group is to replace Chesterfield Mall, at Interstate 64 and Clarkson Road. The opening of a first phase would be years away. Construction is already underway nearby on Wildhorse Village, a separate $500 million mixed-use development at the intersection of Chesterfield Parkway and Wild Horse Creek Road. For that project, St. Louis-based developer CRG, a division of Chicago-based Clayco, is building offices, apartments and single-family homes over 80 acres.
Both developers have said their projects will remake key parts of Chesterfield. CRG developer Jeff Tegethoff previously told the Business Journal that Wildhorse Village will shift the "center of gravity" of the St. Louis region to Chesterfield.
Developers plan to invest over 245 acres in the southwest corner of the city known as Chesterfield Villages
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