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Dierbergs delivers new details of OB store at Real Estate Symposium

Dierbergs delivers new details of OB store at Real Estate Symposium

OB Planner, Prewitt discuss positive progress in development in Lake Area

October 24th, 2012 in News

Real Estate Symposium for Lake of the Ozarks Thursday, which was sponsored by RE/MAX Lake of the Ozarks. From left, Jeff Gloss, Dierbergs Markets Osage Beach store manager, and Gary Prewitt, RIS Incorporated/Prewitt Enterprises owner, were also on the panel, which was led by Jeff Krantz, right, executive vice president of RE/MAX Lake of the Ozarks.

Photo by Samantha Edmondson

The Osage Beach Dierbergs manager relayed some new details about the new store set to open in spring 2013 as part of a Development Panel at the Fifth Annual Real Estate Symposium for Lake of the Ozarks Thursday at Osage National Golf Resort in Lake Ozark.

Jeff Gloss, manager for the Dierbergs Markets Osage Beach store, said a JJ Twigs eatery will be a part of the 5,000 square-foot mezzanine seating section that will overlook the Lake Area. Gloss said this mezzanine, which will seat 60-75 guests, can also order items such as Panini's and will be delivered to their tables via a dumb waiter that will deliver food to this seating area.

"We also will have a UPS Postal Services (location), Great Clips and Crown Vision in the new Dierbergs store," Gloss said at the symposium.

Gloss said the store itself is modeled after the Dierbergs Markets, LLC newest state-of-the-art facility in Perry, Mo. Like its sister Perry store, the Osage Beach store will be 70,000 square feet, include a 30-foot high structure with windows, trusses and other architectural details, "some of the best prepared foods in its deli kitchens," and many other features that Dierbergs Markets has delivered in its 24 store locations that surround the St. Louis area, Gloss said.

"The Osage Beach store is the first outside the St. Louis market, with our Wentzville location being the current farthest store to date," he said. "Dierbergs has been a part of the Lake community for many years, calling it their second home. That is one of the reasons why they came down here, which was not to put anyone out of business; Hy-Vee, Paul's, Gerbes are all very nice stores. We just want to give another alternative for the community to enjoy shopping at."

"We also want to see the Lake grow and continue to grow. Our store will bring 150-175 new jobs for the area. In that turn, we hope to help build the Lake Area, helping future national retailers and junior retailers join in our establishment," Gloss added.

Gary Prewitt, owner of RIS Incorporated and Prewitt Enterprises, was also a part of the symposium's development panel and discussed both the continuing success of Prewitt's Point, which houses such retailers as Target, Hy-Vee, Marshall's, Lowe's and now Ross and Jo-Ann Fabrics. He also discussed The Shoppes at Eagles' Landing, which currently house Menards, Kohl's and CVS Pharmacy.

When asked how his shopping centers have seen success in attracting national retailers to the Lake Area, Prewitt answered in the Lake's demographics. He said right now sales at different stores in the area show comparison to some of the stores in the Columbia region. He added that educating the retailers on the Lake's demographics and helping to surpass numbers from current retailers in other areas has helped create success in his developments, as well as overall success for the Lake Area as a shopping destination.

Cary Patterson, Osage Beach city planner, also echoed success in development with the Lake Area and particularly Osage Beach in recent years. He said in looking at how development is gauged from a city's standpoint, he said you have to look at past numbers in construction for the city.

He said going back to 1994, the City of Osage Beach had $23.9 in construction, with $17 million in '95, $24 million in '96, $13 million in '97, $24 million in '98, $16 million in '99, $20 million in 2000 and $22 million in 2001. Patterson said then after 9-11, the money in construction the City of Osage Beach had dropped to $14 million in 2002. However, Prewitt approached the City in developing Prewitt's Point, plus large condominium projects and the hospital's improvements to its facility helped make the numbers jump to $44 million in 2003. Patterson said they saw $60 million in 2004, $41 million in 2005, $37 million in 2006, $54 million in 2007 and a drop to $13 million in 2008 and $8 million in 2009, when the recession began.

"In 2010, we started to see an increase to $18 million, with $8 million in 2011. However, so far this year through September, we have seen $17 million in construction for the city and expect that to reach $20 million by the end of 2012. And with our trends, we hope to see it increase next year," he said. "A city like Osage Beach can expect about $16-25 million in construction on average. You go back and look at those numbers, realizing the years we had $40-60 million are abnormal times. Right now we are seeing a definite positive trend in our construction."

In addition, Patterson said outside national retailer and general retail store development going on currently, the City of Osage beach has seen some excitement with the development of the 54 Expressway. He said the City has already seen action for developers contacting the city and inquiring about locations at interchanges along the Expressway on the west side of the Grand Glaize Bridge.

"It only makes sense. If you are driving through the community and want to get gas or food, you want to stop by the closest and most convenient place you can. That is why these places are hot right now," he added.

Patterson said despite the development inquiries it truly takes about two years to see how things will go with the Expressway. He said they will track the trends and give it time for the City to get acquainted with it before moving forward, as is the case with some developers, as well.

"In working with the gentlemen to my right here (Dierbergs and Prewitt), you don't judge a developer on how they do when things are good, but what they do things when things are not so great. Specifically, Gary, he has weathered well and done well. I see him push through and see what he has done and what Dierbergs is going to do for the Lake Area; it is great," he said. "Having regional economic health only benefits all of us."