Chesterfield Blue Valley (“CBV”) is a 137-acre planned, mixed use development in St. Louis County, City of Chesterfield, Missouri, fronting on Olive Street Road and I-64/Hwy 40-the spine of the St. Louis SMSA. Chesterfield Blue Valley is in the path of major growth of the metropolitan area of 2.85 million people. The site has superior visibility and access from I-64. The project is zoned Planned Commercial for 1,400,000 square feet of commercial and retail development. Soils study, environmental survey, traffic study, zoning ordinance and all other due diligence are complete and available for review. The total site is shovel ready pending user plan approval.
All electric, water, sewer and community utilities are available from Olive Street Road, Outlet Boulevard and Premium Way and can be extended to the property lines of all parcels. Earthwork, fill import and offsite road construction was completed in August, 2013.
The reconstruction and widening in 2013 of Olive Street Road to five lanes and a new intersection at Olive Street Road and Chesterfield Airport Road with dual left turn lanes and free flow right turns provide superb access.
A 50-acre parcel in the heart of the project was sold to Premium Outlets|Simon (SLPO) on September 12, 2012. Premium Outlets is the largest retail developer and owner of outlet malls in the U.S. Phase I of the 463,623 square foot outlet center with 2,210 contiguous parking spaces opened August 22, 2013. Phase II of 79,000 s.f. is approved.
Studies indicate that as many as 5 million people will visit the site each year, with over 85% of visitors visiting the site from distances greater than 15 miles. Sales are projected to exceed $165,000,000 in calendar 2017.
Other retail users have acquired lots and are open or in various stages of construction: Burlington opened a 55,000 s.f. store in September, 2015; Gander Mountain opened a 60,000 s.f. store in November, 2015; Cavender’s Boot City opened a 20,000 s.f. store in November, 2015; a BP convenience store and Subway will open a combined 7,500 s.f. in June, 2017; and a 112-room TownePlace Suites by Marriott closed on a land purchase in January, 2017 and will open in 2018.
CBV is selling the remaining 53.7 acres surrounding the outlet mall. Customized, prime parcels will be sold to entertainment, service, restaurant, hotel and office users. Restaurant pads are highlighted in orange on the marketing plan and the entertainment district is highlighted in pink.
An iconic public park was developed to preserve a 120-year-old pecan tree and features significant public art that distinguishes CBV from other mixed use developments.