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Taubman Prestige Outlets Chesterfield Holds Groundbreaking Event, Announces Tenants And Official Opening Date

BLOOMFIELD HILLS, Mich., July 25, 2012 /PRNewswire/ -- Taubman Centers, Inc. (NYSE: TCO) held an official groundbreaking ceremony today and revealed a variety of store names that will debut at their new location at Taubman Prestige Outlets Chesterfield located just west of St. Louis, Mo. At the same time, Taubman announced that it has received final federal, state, local and city approvals to construct the shopping center.  Drainage and utility work will begin immediately. Building walls will start going up in October of 2012 and the shopping center will officially open on October 24, 2013 at 10 a.m. sharp.

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"The retailers we announced today are a sneak peek of the premier fashion retailers that will make Taubman Prestige Outlets Chesterfield a shopping destination for locals and visitors alike," said Taubman's chief operating officer William Taubman

"We look forward to opening our newest Factory Store at Taubman Prestige Outlets Chesterfield," said Claudio Del Vecchio, Brooks Brothers Chairman and CEO. " St Louis area residents and visitors will experience a dynamic destination for exceptional service, quality, and value."

"Today marks the culmination of just over a year-long intensive process of sequential approvals.  Last week, we secured our final Site Improvement Plan approval.  This entitlement document is the Chesterfield permit authorizing mass grading and full construction of drainage channels and utilities, leading to foundations and buildings," said Taubman, who participated in the groundbreaking ceremony, "and today we are closing on the land with the Levee District. We respect and appreciate the diligence and commitment of both the Chesterfield and Levee District officials."  

In celebration of Taubman's groundbreaking, Chesterfield Mayor Bruce Geiger issued an official City Proclamation recognizing the "tremendous economic impact that Taubman Prestige Outlets Chesterfield will add to our community." 

Mayor Geiger also stated, "We are excited by and certainly support the development of a high-end outlet mall in Chesterfield and greatly value and commend Taubman for its plans to invest in our community. Throughout this process, Taubman has been extremely flattering in explaining its desire to build in Chesterfield, pointing to the successful development of the Valley that we have managed, over the years!"  

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