Tim Lowe, vice president of leasing and development for The Staenberg Group (TSG), said Overland-based TSG advanced to a second round of potential buyers that were to turn their best and final offers in on May 9.

鈥淲e submitted our best and final,鈥� Lowe said. 鈥�(We) hope to know something this week or next.鈥�

C-III Capital Partners, which took control of the mall through foreclosure in mid-2017, . No asking price was listed.

It鈥檚 unclear how many potential buyers are still in contention to take on the project.

TSG emerged as a likely redeveloper after it announced in April it had . With Sears situated at the primary entrance to the mall property, TSG made itself an integral part of any planned redevelopment, even if it wasn鈥檛 selected to buy the mall outright.

鈥淭his is the first step in the redevelopment process and it gives us the ability to control and lead it,鈥� Lowe said previously.

Officials with NAI Global, which is marketing the property on behalf of C-III, did not return requests for comment.

Chesterfield City Administrator Mike Geisel said he didn鈥檛 know how many potential buyers are still under consideration.

鈥淭hat鈥檚 not been shared with us, but I鈥檇 be surprised if it was more than three based on my impression from talking to NAI Global,鈥� Geisel said.

Geisel said C-III is placing a premium on offers that could close quickly and required minimal due diligence, signaling C-III鈥檚 intentions to unload the property in a relatively short period of time.

Occupancy at Chesterfield Mall has fallen to 63.8 percent today from 96 percent in 2013 鈥� the last time the mall鈥檚 previous owner, CBL Properties, disclosed such figures 鈥� according to NAI Global.

Chesterfield Mall has an appraised value of $12.4 million, according to research from Trepp, a provider of data to the securities and investment industries. The appraisal is down drastically from $286 million in 2006. The mall has an appraised value on file with 蜜芽传媒 County of $36 million.

If selected as the buyer, Lowe said TSG envisions an open-air, high-end mixed-use project with residential, office, retail, restaurant, theater, health club and supermarket components. In all, the project would cost more than $100 million, he said.

Meanwhile, TSG closed on its deal to at the beginning of this month.

Under Staenberg鈥檚 agreement with Taubman, TSG will own the building and operations of Taubman Prestige, which has an appraised value of nearly $40 million, and lease the land it sits on from Taubman Centers over the course of a 99-year term.

Lowe said TSG will rebrand the 300,000-square-foot shopping center into an entertainment destination that will complement Topgolf, the golf driving range that is . Also planned in that area is a Carvana auto dealership, which is , and a 128-room Residence Inn hotel.