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Chemical Building apartments closer to reality

According to previous Business Journal reports, Morgan Communities is looking to transform the 17-story building, at 721 Olive Street, into micro-apartments.

Plans for new apartments in the historic Chemical Building downtown appear to be inching forward after several failed redevelopment tries.

Morgan Communities, which in September acquired the building from Waterfall Asset Management for $4 million, has submitted a $23 million preliminary application with the city's Building Division. It asks city government to look into any special zoning requirements for the 207-unit project.

Officials with Morgan Communities did not return requests for comment. And Otis Williams, executive director of the city's development unit, was not immediately available.

Read the complete story on the St. Louis Business Journal

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