A Look Back at Previous Development Plans for Crestwood Court

By on October 12, 2018

From St. Louis Business Journal:  Earlier this month, Remiger Design + Cedergreen unveiled new plans for the former Crestwood Court site, which is under contract by a group of investors from St. Louis-based Walpert Properties Inc.

The plans, which call for over 794,000 square feet of retail, office and residential, are just the latest in a string of ideas pitched from developers wanting to redevelop the former mall in south St. Louis County.

Here is a look at previous plans that fell through, paving the way for the latest iteration for the site.

1957: Crestwood Plaza opens. In its heyday, it held more than 100 retailers, including big box stores such as Sears, Macy’s and Dillard’s.

2012: A new plan emerges before demolition

  • Developer: Chicago-based Centrum Partners
  • Purchase price: $17.5 million (Centrum acquired the mall from Westfield in 2008)
  • Proposal: A multipurpose center with a “public square” partially ringed by shops and restaurants. Plans called for razing most of the mall but keeping the former Macy’s building for a grocery, health club and movie theater. A bar and grill concept from country music singer Toby Keith was the only tenant named in Centrum’s presentation to the city at the time.
  • Estimated cost: $100 million

Read more.

 

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