Plans to redevelop the location of one of the old Crestwood Mall have move forward recently. McBride Homes and Dierbergs Markest, two of the largest private companies in the region, are reported to be contracted by the owner of the property to redevelop it with a mix of commercial and residential developments.
Crestwood Mall was once one of the oldest malls in the metro area. Built in 1957, it stood at over 1 million square feet. The mall closed its doors in 2013 and was demolished three years later. Since 2016, the 47-acre site has been vacant.
The property’s owners, UrbanStreet Group, have worked with a number of different developers since then to try and move forward with a redevelopment plan, but the previous ones have all fallen through.
Now the city of Crestwood has stated that UrbanStreet Group is working with two of the states largest companies to revive the site with a mix of commercial and residential projects. They have contracted with McBride Homes and Dierbergs Markets for the redevelopment. The plan is projected to include 81 single-family homes as well as a 70,000 square foot grocery store. There will also be further commercial and retail developments on the site.
McBride Homes is one the largest private companies in Missouri with a revenue of $244.5 million in 2019. Dierbergs Markets is a major local employer, with a reported revenue of $725 million in 2019. Having two companies with such a strong record of success is fueling confidence in the project as it unfolds.