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Expert: IKEA latest sign St. Louis in the midst of development boom

Dean Wolfe, the Owner of Wolfe Properties LLC, says the St. Louis area has seen a boom in development, especially in the retail sector, in the last several months.

Wolfe's company owns the St. Louis Premium Outlets in Chesterfield, and he is celebrating news that IKEA plans to come to St. Louis. Wolfe says when you look at the whole picture--the outlet malls opening, plans for an IKEA and Whole Foods in the city, and the possibility of landing a new Boeing facility--this is a special time.

"I am guardedly optimistic that this is an indication that people are figuring out that the Midwest has numerous advantages, St. Louis, in particular, with our central location" says Wolfe.

Wolfe says things are going great the outlet mall. He believes national figures that show retail shopping lagging this holiday season only tell part of the story.

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