The developer of one of the Chesterfield outlet malls has an even larger project planned.
Wolf Properties is one of the key players in the development of St. Louis Premium Outlets. Dean Wolf is the President of the company and says they have ambitious plans for the land next to the mall.
The project is called Chesterfield Blue Valley and it will be a 73-acre multi-use development. Wolf projects that within five years, the development will have a huge economic impact on the region."We're anticipating that the additional sales are about $350 million and the real estate taxes generated are about $24 million", says Wolf
The development is using no TIF funds. Wolf has not announced any businesses who have signed on to be a part of the development, but will when the outlet mall opens on August 22.