Olive Garden will open in the new Metro East mall
Downtown Orchard will be developed in two phases, with plans to have everything built by 2024.
GLEN CARBON, Ill. — Most tenants are signed and approaching construction of the first phase of a developer’s new $70 million Metro East shopping complex, with Olive Garden as the final tenant.
Downtown Orchard in Glen Carbon could be one of the last shopping centers in the region. Developer The Staenberg Group bought the 52-acre site at 2399 Troy Road earlier this year. Olivette-based TSG purchased the former orchard for $11 million from Sunnyside Partnership LP and also agreed to purchase an additional 14 acres in Madison County’s Edwardsville for $3.87 million.
Anchor tenant Meijer, a big-box retailer and grocer, signed in May to open its first store in the Saint-Louis area on the site after Menards abandoned the project following a disagreement with TSG. With the addition of the national chain of restaurants Olive Garden, the first phase, consisting of one anchor and four outlets, is almost full, with three of the four places occupied. Chick-Fil-A and Tidal Wave Car Wash were the first companies to sign agreements to build on the land surrounding the future Meijer store.
Downtown Orchard will be developed in two phases, with plans to have everything built by 2024, said Tim Lowesenior vice president of leasing and development for TSG.
The phases are driven by traffic improvements that must be built leading up to the complex, which limits the number of exits that can be developed at one time, Lowe said. The second phase could consist of a 50,000 square foot big box store or multiple tenants that add to this space, plus eight other outlets, for a total of 12 facing Troy Road or Governors Parkway.
Click here for the full article from the St. Louis Business Journal.