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$2B Downtown Chesterfield project receives final approval from city

The project, with more than 2,500 apartments, will create an urban city center in Chesterfield, a suburb that has never before had a downtown.

CHESTERFIELD, Mo. — A plan long in the works to convert the Chesterfield Mall site into more than $2 billion of new mixed-use development received final approval from city officials Tuesday night.

In a unanimous vote, the Chesterfield City Council approved Overland developer The Staenberg Group’s planned $2 billion redevelopment, known as Downtown Chesterfield. The project, with more than 2,500 apartments, will create an urban city center in Chesterfield, a suburb that has never before had a downtown. In the weeks before the final vote, The Staenberg Group paused the project after some officials took steps toward capping the number of apartments allowed in the development, but the council showed its support in a preliminary reading in August.

The project will be built at Interstate 64 and Clarkson Road, bordering another massive mixed-use development already under construction on 80 acres west of the mall, St. Louis-based developer CRG’s $1 billion project Wildhorse Village.

Click here to read the full story from the St. Louis Business Journal.

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