Newspaper article St Louis Post-Dispatch (MO)

Dierbergs Plans Two Shopping Centers Building Project to Begin Soon; Set for Three Phases

Newspaper article St Louis Post-Dispatch (MO)

Dierbergs Plans Two Shopping Centers Building Project to Begin Soon; Set for Three Phases

Article excerpt

Dierbergs Markets is making plans for two strip shopping centers at Highway 94 and Mid Rivers Mall Drive in St. Peters. Together, the centers would total 800,000 square feet - slightly larger than Mid Rivers Mall.

Dierbergs and Capitol Land Co. hope to begin grading this summer on a 338,000-square-foot strip shopping center on 24 acres northwest of the intersection of Highway 94 and Mid Rivers Mall Drive.

Jerry Ebest, director of real estate for Dierbergs, said Dierbergs would build a 76,000-square-foot supermarket at the site. The developers are negotiating with prospective tenants, he said.

Ebest said the center may have as many as three or as few as one other anchor.

Dierbergs owns and plans to develop an additional 36 acres on the east side of Mid Rivers Mall Drive. Preliminary plans call for a 450,000-square-foot strip center.

Ken Braunfield, planning coordinator for St. Peters, said that Dierbergs' plans for the site are preliminary. "It's a very, very long-term project," he said. "Basically it's a conceptual plan. They are under no obligation to go through with the project."

Ebest said that plans called for the building to be done in three phases. …

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