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Latest Crestwood Court Proposal Keeps Entertainment Focus

Centrum Properties representatives still believe entertainment, restaurants, and a new grocer will anchor the District at Crestwood at the Watson and Sappington road intersection. Attend the town hall Q&A on Oct. 2.

 

A representative with Centrum Properties said the proposal for Crestwood Court they submitted to the city last week wasn't subsantially different than the concept they first presented to the public in June. The District at Crestwood rebuilds the outdated mall as a plaza for entertainment, food, and of course, some shopping. 

Residents will have the opportunity to ask Centrum Properties questions on the project, as well as hear a more formal presenation from the developers, during a town hall scheduled for Tuesday, Oct. 2.

While Crestwood aldermen and residents were less than enthused with what they'd heard over the summer, Centrum believes their project is receiving "very good reception from the marketplace" so far. Tuesday evening John Beckman, one of the real estate agents leasing out the development, reviewed the types of tenants they're looking to capture, including:

  • 30-50,000 sq. ft. 'neighborhood grocer' to cushion the recent loss of two South County grocery stores
  • a fitness center
  • sporting good or outdoor apparel store
  • a 12-15 screen theater or gaming area
  • comedy club
  • bowling alley "that's a little more modern" than current local options
  • a sit-down restaurant that offers live entertainment
  • a range of sit-down, casual dining, and snack spots

Beckman said a few museums have also contacted them about space in District at Crestwood. (Find the property listing on Sierra US.) 

Centrum Properties reps said they'd like to have the first phase of their project completed in time for the 2014 holiday season. The developers are looking at possible tax funding from tax increment financing (TIF), community improvement districts (CID), or transportation development districts (TDD).

 

Related articles:

Related Topics: Crestwood Court and District at Crestwood

John Dough

9:06 am on Wednesday, September 26, 2012

If Centrum Propeties is so confident that they have a vaible and profitable solution to use of the space why don't they use their own money to build it?

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Mike

9:37 am on Friday, September 28, 2012

I like the creativity of the idea. The concept for that space should be unique and different than just a normal mall. With that said it will be successful or not based on the strength of the tenants and management.

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