Developer Targets More Than 250 Homes In Buyout For Retail Project

The Devereux Company said it is not interested in using eminent domain to acquire the property in unincorporated St. Louis County just north of Creve Coeur.

A real estate firm has informed residents in a subdivision long eyed as the potential home for commercial development along Interstate 270 of plans to buy them out in a push for a "multi-anchor-based retail shopping plaza."

This is not the first time residents in the Orchard Lakes subdivision have heard talk from developers. Interest perked up a few years ago from THF Realty and reportedly included meetings with residents back in the summer of 2011.

The St. Louis Post-Dispatch reported at that time that there were 256 homes in the subdivision.

In a letter to residents from The Devereux Company obtained by Patch, company President Dan Devereux told residents that he is prepared to make "generous offers" worth more than the value of homes to get residents on board through the approval process for any potential project, which he wrote could take between 18 months to two years.

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Devereux Company officials could not be reached for comment Monday afternoon.

The letter indicated Devereux was looking for full participation from residents before going forward with plans and that he was "not interested in using eminent domain as a tool to acquire any homes or property."

Devereux plans to discuss his proposal at an upcoming subdivision meeting next week.

Creve Coeur City Planner Whitney Kelly said Monday the city had not heard anything regarding the project and that it was unclear what, if any city approval would be needed for the project. Currently, Kelly said, the road leading into the subdivision is the only property within city limits.

City leaders have in the past identified this area of unincorporated St. Louis County as a potential annexation target but have moved off that as a specific short-term goal in recent planning exercises.

Mike S. July 08, 2013 at 11:33 PM
Hi Patricia, thanks for letting us know about the Facebook site. Here is teh address if anyone needs: https://www.facebook.com/OrchardLakesSubdivisionStLouis I agree with your point on the indentures. Obviously even if the indentures could change by August 30 it would not affect the property values by then so we need to deal with this offer. I agree with Wilma that it would be of value to know approximately what everyone plans to do so we don't have to be in limbo for an extended length of time. Hi 20 I am not sure I or any one of us would visit 250 home owners and tell them to take the survey but I would be willing with a team of people to drop a flyer at each home providing a link to Survey Monkey asking them to let their neighbors know where they stand by answering the survey. Would anyone be game for that? Thoughts?
Gregg Palermo July 09, 2013 at 12:12 AM
I love this dialogue and hope it continues here and in the future stories we'll be doing on this....I would encourage anyone in the impacted neighborhood to start a Patch blog where you could also continue to have a give and take. Here's how to start: http://crevecoeur.patch.com/blogs/new
20feet high July 11, 2013 at 09:12 PM
I for one do not want a 2 story house next to my house. The subdivision would look terrible. Patricia, do u think you could sell your house for as much or more then want is offered? Someone said they need $10k to move. If you hire a moving company it might cost the same as a house payment. By the way Chris my house does not need any repairs or updates
Laura Muther- Schifferdecker September 29, 2013 at 12:51 AM
Orchard Lakes Subdivision is not going down hill. I know I live there. No matter where you go, there will always be those who do not take care of what they have. This buyout is not worth my families life and home. I have been here for the last 17 years, we love it here. I do not care what others say, we need another retail market place like we all need a hole in the head. Maybe some of those that want this and see $ signs, do need a hole in there heads. Money is the root of all EVIL! There is no amount to make me move or want to. I think we should have new indentures written and only residents that have lived here over a certain number of years, should be our trustees. If you don't like living here, then leave. Do not let your greed and Mr. Devereux's destroy our lives. I for one will not leave and I know a lot more that won't either. So pick another subdivision or better yet somewhere where no one resides. KINDA A NO BRAINER....


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