The Krausz Companies, Inc. completed its purchase of the Charlestowne Mall. According to a news release, the company plans to bring a line up of new retailers, restaurants and entertainment venues to space in fall 2015. The new name for the shopping center is The Quad St. Charles.
The company will spend millions of dollars to renovate the building which has lost dozens of stores in recent years.
The current anchors, Von Maur, Kohl’s, Carson Pirie Scott and the 18-screen Classic Cinemas, will remain open during construction. Ground breaking is scheduled for April 2014.