Dueling Chesterfield Malls Prepare For Business

Groundbreaking ceremony for the new Taubman Centers-owned mall in Chesterfield, MO. Photo courtesy Taubman Centers.

Construction companies in Chesterfield are building not one but two outlet malls. The city already has a shopping mall.

The CEOs of the respective construction companies, Taubman Centers and  Simon Property Group, are questioning whether building two malls within a couple miles of each other is a good idea, though neither is backing down from his plans.

As Robert Taubman, CEO of Taubman Centers, said in an interview with the St. Louis Post-Dispatch:

“Well, I think it’s possible by having two you do create an outlet mecca … But I think it’s perhaps more likely that it would fragment the market somewhat, that it would reduce sales productivity at the two assets.”

 


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