GBT Realty Corp. of suburban Nashville, Tenn., said Thursday it has deals with Academy Sports and other tenants for its planned shopping center in St. Peters.
The company said it acquired on Oct. 25 the 28-acre site for its $54 million Shoppes at Mid Rivers. The site is on Mid Rivers Mall Drive at Interstate 70. Jeff Pape, GBT’s managing director, said the city has approved public incentives of up of $10 million for the shopping center.
GBT, based in Brentwood, Tenn., announced the project in May.
In addition to Academy Sports, Shoppes at Mid Rivers tenants will include Burlington, Ross Dress for Less, Marshalls, Home Goods, Ulta Beauty, Famous Footwear and Carter’s OshKosh B’gosh, GBT said. The company said construction will begin right away with a goal of completing the project late next year.
The site is west of the Lou Fusz Chevrolet dealership. The John Deere dealership on the property will move within 90 days to 3575 Veterans Memorial Parkway in St. Charles, GBT said.
GBT also has its eyes on the long unused site at Clayton and Hanley roads, in Clayton. The company is part of a proposal to build stores-including a grocery-and nearly 300 apartments on the site of a Schnucks store that closed in 2003.