ST. CHARLES – Officials behind the Charlestowne Mall redevelopment on Friday said they are exploring other ways to get businesses on the property.
There has been a shift within the past 40 days to consider new ideas for the the redevelopment plan known as The Quad St. Charles, Project Director Chuck May said.
“We’re having to re-think some of our early drawings,” May said Friday.
There still might be an interior mall component to the site, but there is continued interest in the property spaces located on the perimeter of the property. They are known as outlots, and they border Route 64, or East Main Street.
May said he hopes to announce a development soon on one of those outlots.
Officials have been in ongoing negotiations with an impressive, higher-end dinner house concept, said Jay E. Krigsman, executive vice president of The Krausz Companies Inc.
The Krausz Companies Inc. bought the mall site, at 3800 E. Main St. in St. Charles, in November 2013 for more than $9.5 million.
Krigsman said the restaurant would be a nice complement to the Charlestowne 18 movie theater, one of the mall’s anchor tenants. The theater’s parent company, Classic Cinemas, is eager to continue remodeling its space and is invested in remaining at the mall, May said.
Mall officials also have remained in touch with representatives of the other anchor tenants – Von Maur, Carson Pirie Scott and Kohl’s, he said.
Dependent on the ongoing efforts to secure tenants, mall officials still hope for a redevelopment opening sometime in 2016, May said.
May said the mall site might evolve into some sort of hybrid or mixed-use development that could include the anchor tenants, restaurants and medical offices.
Residential use is not permitted under the planned unit development, but May said he would not rule anything out if they had to re-submit plans.
The city is aware that leasing has been difficult but businesses have expressed strong interest in the outlots, St. Charles Mayor Ray Rogina said Friday in a phone interview.
Rogina and May each said The Krausz Companies remain committed to the mall site.
“We are not giving up,” May said.