X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HAZELWOOD, MO-Developer Dmyterko & Wright Partners has broken ground on a $50 million entertainment and retail complex on 18 acres here. The Crescent Pointe at the Mills property, to be built next to St. Louis Mills Mall and a new 130,000-sf Cabela’s, will include a Splash Universe Hotel and Water Park with 130 rooms, and 80,000 sf of retail space. The property is at Highway 370 and St. Louis Mills Boulevard.

Bob Cissell, owner of Cissell Mueller Co. LLC, is leasing the retail space. He says the owner is looking to lease to one bank, a convenience store and junior anchors such as ladies clothing, furniture stores and restaurants. “It’s more geared toward families,” he tells GlobeSt.com. “The water park will be bringing in families from 200 miles away.” The development is expected to be complete by fall 2008.

He said the retail portion will be build-to-suit and pad-ready. Cissell says he doesn’t know lease rates yet. Retail lease rates for the St. Louis area are at about $11.66 per sf, according to a first quarter Grubb & Ellis market report. St. Louis Mills, a regional mall, has more than 175 stores, and is owned by Simon Property Group.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.