The property will be rebranded as The District and will shift from being a retail-heavy shopping area to one that has multiple restaurant and entertainment offerings. For now, the shopping mall is being called Chesterfield Outlets.
A new life for Taubman Prestige Outlets in Chesterfield — as an entertainment destination
It's the second big deal in Chesterfield announced by The Staenberg Group — and a third could be coming.
The Staenberg Group took over operations of the outlet mall in early May. Under TSG's agreement with Taubman Centers, TSG will own the building and operations of the property, which has an appraised value of nearly $40 million, and lease the land it sits on from Taubman Centers over the course of a 99-year term.
Future tenants of The District were not disclosed. Project costs or potential tenants were not disclosed