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O’FALLON, MO-A partnership made up of Cullinan Properties Ltd. and THF Realty has broken ground on a 265-acre, mixed-use project here that will include office, residential and retail uses. Just the retail portion alone will take up 50 to 100 acres at the Village of O’Fallon and will reportedly have up to one million sf of retail space and about 600 high-end homes are planned for the site.

Construction is planned to start this summer, though planning for the project is still in the very preliminary stages, says a Cullinan spokesman. “The deal came about really quick,” the spokesman says. “We’re not at the point to have a site plan for the retail. We know there will be a mix of retail and dining, but there’s nothing concrete on the number of sf.”

He says the groundbreaking was mostly ceremonial, and includes plans to market the property at the International Council of Shopping Center convention in Las Vegas in May. “We’re now going to be taking this to the market,” the spokesman says. “Two months from now we should know a whole lot more detail.” He says it’s way to early to know the project cost or potential lease rates. The retailers sought are inline with other Cullinan lifestyle centers, he says, like Chico’s and JoS A. Bank.

The area is growing, and has a need for more retail, the spokesman tells GlobeSt.com. “O’Fallon is one of St. Louis’ fastest growing suburbs, and home values are also on the rise. The closest competition is 13 miles away in Chesterfield, a generic indoor mall,” the spokesman says.

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