Ron Rasmussen, chairman of the Van-Mall Neighborhood Association, tells GlobeSt.com that Vincent Corno from the May Co.'s real estate division in St. Louis, Mo. told him last week that May and Westfield had just reached an agreement in principal and that the design should be complete in May and construction should get underway in August. Corno could not immediately be reached for comment.
Rasmussen says 30,000 sf will be added both the first and second floor of the store and after that a staged redesign of the entire department store will occur. Construction will be stopped during the holiday shopping season.
In November of 2001, Westfield applied for and was granted preliminary approval to add 162,000 sf at the west end of the mall for a brand new Meier & Frank store, a $50-million project that would have pushed the mall to over 1 million sf. The current Meier & Frank space was going to be converted to multiple smaller shop spaces.
In the spring of 2002, however, during a back and forth with the city regarding the expansion's would-be impact on traffic, Westfield sent a fax to senior planner Jon Wagner that said it might cut the expansion down to 60,000 sf, which would give Meier & Frank its 180,000 sf without opening up another 120,000 sf of retail space for which it would need to find tenants.
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