Walpert Properties News Today

Dierbergs Markets and McBride Homes will seek $17 million in subsidies for a more than $67 million redevelopment of the former Crestwood Mall site.

The new Crestwood mall redevelopment plan was taken by courier to the members of the Crestwood TIF Commission Friday, giving the public both a price tag and concrete financing from a bank. Developer Dierbergs proposes a $67 million redevelopment of half the 46-acre site with $17 million in tax incentives, including $13.5 million in tax-increment financing and $3.5 million in a 1-percent Community Improvement District sales tax. Past developers of the site have struggled with financing, but Firs...

The Crestwood TIF Commission has delayed its second meeting following an organizational meeting Feb. 4 until Thursday, April 22. The panel will examine a request for tax-increment financing from grocery store Dierbergs, which announced Dec. 22 that it was partnering with McBride Homes to redevelop the 47-acre former Crestwood Plaza mall property at Watson and Sappington roads. The companies have the site under contract from owner UrbanStreet Group after months of negotiations.

The Crestwood TIF Commission that will be examining whether to grant tax incentives for the redevelopment of the former Crestwood mall site proposed by Dierbergs and McBride Homes met for the first time this month, with a public hearing and possible decision expected by May. The two developers did not give any specifics or dollar amounts on the tax-increment financing requests at the Feb. 4 meeting, but Dierbergs Director of Real Estate Brent Beumer, a Sunset Hills resident, gave a conceptual o...

It’s never been more obvious what the top story of a year was, as 2020 will always be remembered as the year a global pandemic stopped life as we know it everywhere. But South County also made national news with a very inspiring teacher. 1. Coronavirus. The COVID-19 pandemic was 10 separate stories in and of itself, as every event that would take place in a normal year was canceled or substantially changed. Life was not the same in 2020 as it was in 2019 — and hopefully will be by this time...

St. Louis Public Radio The demolition of the old Crestwood mall was completed in 2017, but signs remain on the property. Crestwood officials are hopeful they finally have a redevelopment plan for the old mall site that will stick. The city is in the initial planning and financing stages for a retail, restaurant and housing project on a nearly 50-acre site in the heart of Crestwood along Watson Road. Two big-name local companies are combining on the project: Dierbergs Markets and McBride Homes. ...

Updated: 1:51 PM CST December 22, 2020 ST. LOUIS COUNTY, Mo. — A plot of land that housed a once-sprawling, popular mall won’t be sitting empty for much longer, according to a plan by Dierbergs Markets, McBride Homes and the City of Crestwood. The three made a joint announcement Tuesday regarding redeveloping the old Crestwood Mall site. The plan is to turn the 47 acres at Watson and Sappington roads into a mix of residential and business use. “This is the most exciting pi...