Alas, this campaign was not successful. The 56-year-old facility was shuttered in early 2012, becoming the fourth major St. Louis mall to go under. Demolition got underway in May 2016.
Photo from Wikipedia / "Khazar2Commons"


An initial CRESTWOOD PLAZA redevelopment plan was submitted in 2017. THE CREST, a 99 million dollar mixed-use complex, would have been anchored by a state-of-the-art megaplex cinema and several big-box-type retailers.
Original drawing from Urban Street Group, Limited Liability Company


THE CREST concept was eventually rejected. A new developer was brought in in late 2018. Their proposal for a CRESTWOOD CITY CENTER would have utilized smaller retail stores. As with THE CREST, there would also be a megaplex cinema, residential units and office spaces. Alas, the CRESTWOOD CITY CENTER plan was rejected.
Drawing from https://www.scoutrg.com / Scout Realty Group 


The third time's a charm! A third redevelopment prospectus was submitted in mid-2021 and approved in March 2022. CRESTWOOD CROSSING would be anchored by a large supermarket, with additional retail in four adjacent buildings. Residential, restaurant and office components would be included in the fully-realized project.
Original drawing from https://www.cityofcrestwood.org


Dierbergs Market, the first CRESTWOOD CROSSING tenant, opened for business in early 2023. The first twenty-four residential units in The Villages at Crestwood Crossing were ready for occupancy by late 2023. 
Original drawing from https://www.cityofcrestwood.org