I noticed the Value City furniture in the strip center at Chippewa & River Des Peres is closing. That added with the shuttered Schnucks (several years ago) leaves only the Dollar Tree left. This strip center is an eyesore. The parking lot is neglected, the large sign is rusting & nobody is rushing to lease the former Schnucks space. This is a very high traffic area, in a densely populated area. Obviously, this strip center has big competition with Mackenzie Pointe & Kenrick Plaza, but it seems to me that this could be successful with the right mix of stores.
Anyone have any insight on this specific location? Could this be a location where a mixed use (condo-townhome-apartment- retail (Pick your combination) development could succeed? It seems like the worst case would be a thrift store or breaking these large stores into multiple smaller retail stores. What motivation does the strip center owner have now to get this ugly strip center leased? If nobody has bit on the other vacancies, I can't imagine the Value City space gets leased. I am hoping they have a grand plan I am not aware of, but I doubt it. I just wonder how long the owner can survive with just a Dollar Tree & a bunch of vacancies.
Anyone have any insight on this specific location? Could this be a location where a mixed use (condo-townhome-apartment- retail (Pick your combination) development could succeed? It seems like the worst case would be a thrift store or breaking these large stores into multiple smaller retail stores. What motivation does the strip center owner have now to get this ugly strip center leased? If nobody has bit on the other vacancies, I can't imagine the Value City space gets leased. I am hoping they have a grand plan I am not aware of, but I doubt it. I just wonder how long the owner can survive with just a Dollar Tree & a bunch of vacancies.









