Source: St. Louis Business Journal
Taubman Centers closed Wednesday on a $15.2 million deal to buy the
property for its Taubman Prestige Outlets Chesterfield from the
Monarch-Chesterfield Levee District, the St. Louis Post-Dispatch
reports.
Taubman Prestige Outlets Chesterfield, a partnership between Michigan-based Taubman Centers and OutletPartners LLC, announced at a groundbreaking Wednesday that it has received final federal, state, local and city approvals to construct the shopping center.
Meanwhile, Simon Property Group Inc.,
which is developing St. Louis Premium Outlets nearby in partnership
with EWB Development and Texas-based Woodmont Co., broke ground on its
planned outlet mall July 11.
Both developers on Wednesday announced stores for their outlet malls.
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