Upscale shopping center firm eyes Lake Saint Louis
By Jessica Bock
ST. LOUIS POST-DISPATCH
07/28/2006
LAKE SAINT LOUIS
The company behind upscale malls such as Plaza Frontenac is proposing a shopping center further west near Highway 40 in Lake Saint Louis.
Davis Street Land Co., a developer based in Evanston, Ill., has submitted a site plan to city officials for a so-called lifestyle shopping center, an emerging trend in retail that boasts quick access and specialty shops.
A marketing spokeswoman for the company said Thursday that she could not comment on potential tenants for the center, saying they were in the preliminary planning stage with the city.
"Should that proceed as we hope, our plan is to develop a lifestyle shopping center," said Konda Dees, the company spokeswoman.
There are only between 100 and 140 lifestyle shopping centers in the nation, said Eugene Fram, a research professor of marketing at the Rochester Institute of Technology in New York.
But most of the malls built now are along the lines of lifestyle shopping centers: wide aisles, resting areas with expensive furniture, valet parking and concierge services, he said.
Parking is set up so most of the store entrances are off the parking lot, and shoppers can walk outside from store to store.
"It's aimed at people who live time-compressed lifestyles," Fram said. "You don't have to walk 20 minutes to get into an enclosed mall and another 20 to find the store you want."
The first phase of the project would be a 220,000-square-foot center on 55 acres near the intersection of Lake Saint Louis Boulevard and Technology Drive. The proposed center in Lake Saint Louis would have about half the space as Plaza Frontenac.
Besides Plaza Frontenac at Clayton Road and Lindbergh Boulevard, Davis Street Land Co.'s past retail development projects include Renaissance Place in Highland Park, Ill., and The Gardens on El Paseo in Palm Desert, Calif. The other centers have housed retailers such as Saks Fifth Avenue, Tiffany and Louis Vuitton.
Lake Saint Louis may have the market for such shops. In 2000, the median household income in Lake Saint Louis was $68,830, compared with a state median of $37,934 and a metro area median of $44,437.
The city's planning and zoning commission will discuss the proposal at their meeting next Thursday.
"I think it's going to be very well received," City Administrator Paul Markworth said. "This type of tenant mix is not available in western St. Charles County."
J. Stephen Bolhafner of the Post-Dispatch contributed to this report.
By Jessica Bock
ST. LOUIS POST-DISPATCH
07/28/2006
LAKE SAINT LOUIS
The company behind upscale malls such as Plaza Frontenac is proposing a shopping center further west near Highway 40 in Lake Saint Louis.
Davis Street Land Co., a developer based in Evanston, Ill., has submitted a site plan to city officials for a so-called lifestyle shopping center, an emerging trend in retail that boasts quick access and specialty shops.
A marketing spokeswoman for the company said Thursday that she could not comment on potential tenants for the center, saying they were in the preliminary planning stage with the city.
"Should that proceed as we hope, our plan is to develop a lifestyle shopping center," said Konda Dees, the company spokeswoman.
There are only between 100 and 140 lifestyle shopping centers in the nation, said Eugene Fram, a research professor of marketing at the Rochester Institute of Technology in New York.
But most of the malls built now are along the lines of lifestyle shopping centers: wide aisles, resting areas with expensive furniture, valet parking and concierge services, he said.
Parking is set up so most of the store entrances are off the parking lot, and shoppers can walk outside from store to store.
"It's aimed at people who live time-compressed lifestyles," Fram said. "You don't have to walk 20 minutes to get into an enclosed mall and another 20 to find the store you want."
The first phase of the project would be a 220,000-square-foot center on 55 acres near the intersection of Lake Saint Louis Boulevard and Technology Drive. The proposed center in Lake Saint Louis would have about half the space as Plaza Frontenac.
Besides Plaza Frontenac at Clayton Road and Lindbergh Boulevard, Davis Street Land Co.'s past retail development projects include Renaissance Place in Highland Park, Ill., and The Gardens on El Paseo in Palm Desert, Calif. The other centers have housed retailers such as Saks Fifth Avenue, Tiffany and Louis Vuitton.
Lake Saint Louis may have the market for such shops. In 2000, the median household income in Lake Saint Louis was $68,830, compared with a state median of $37,934 and a metro area median of $44,437.
The city's planning and zoning commission will discuss the proposal at their meeting next Thursday.
"I think it's going to be very well received," City Administrator Paul Markworth said. "This type of tenant mix is not available in western St. Charles County."
J. Stephen Bolhafner of the Post-Dispatch contributed to this report.







