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Retailers Growing More Comfortable with US Economy

ST. LOUIS—GBT has launched several significant projects after hearing from retailers that they are ready to sign leases for space in new shopping centers.

stl-mid aerial Retailers have expressed a lot of interest in GBT’s location in St. Peters, MO, right along I-70.

ST. LOUIS—Retailers in many areas of the US are getting more comfortable with the economy, and have begun asking developers to consider breaking ground on new projects. GBT Realty Corp. a Brentwood, TN-based developer, has responded by announcing it was nearly ready to break ground on the largest retail development the St. Louis metro area has seen since 2008.

The $54-million The Shoppes at Mid Rivers will occupy 28 acres in west suburban St. Peters across from the county’s only regional mall at the northeast quadrant of I-70 and Mid Rivers Mall Dr. The company currently has the site under contract. It expects to complete the acquisition this fall and open the shopping center in late 2017.

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Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

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