In an interview on April 30, Potts said, “The mall had been in receivership for about a year and a half; then, was purchased in January 2019 by Brian Kang.”
Kang is a California investor, who owns about 6 million square feet of commercial property in various locations across the U.S. As soon as he acquired Dardenne Town Square, Kang appointed a new property manager to “more aggressively fill all currently open space in the mall.”
Potts clarified that Dardenne Town Square is the prime sales tax generator for the city and is at the commercial center of its long-term, comprehensive growth plans.
“Malls the size of Town Square, while relatively small, are doing well,” Potts said. “Kang’s push to fill vacant stores will help the entire mall.”
The 377,910 square foot mall opened in 2006, just before the Great Recession, with 25 stores, several restaurants and a Marcus [Wehrenberg] Theater. The mall included three anchor stores: Target, JCPenney and Shop-n-Save.
In September 2018, Schnucks purchased all St. Louis area Shop-n-Save stores, closing some and rebranding others. On Sunday, Oct. 8, 2018, the Shop-n-Save in Town Square closed. After the conversion of its infrastructure, it reopened on Wednesday, Oct. 11 as a Schnucks store.
In March 2019, at a Dardenne Prairie Business Roundtable the JCPenney store manager said the store in Town Square was doing well and was there to stay.