Chemical Building Under Contract: Plans to Expand Hotel, Add Apartments

By on April 15, 2019

From STLToday: Just months after opening Hotel St. Louis in the historic Union Trust building, Amy and Amrit Gill are setting their sights on another downtown architectural gem: the Chemical Building.

The Gills’ Restoration St. Louis entered into a letter of intent to acquire the 17-story red brick and terra cotta Chemical Building, located at 721 Olive Street, next door to Hotel St. Louis.

Restoration St. Louis plans to convert the mostly vacant building, currently owned by an affiliate of Pittsford, N.Y.-based apartment operator Morgan Communities, into 84 additional hotel rooms, 72 luxury apartments, a ballroom, restaurant and a rooftop bar. The Gills hope to begin the $54 million project by the third quarter and complete the renovation by fall 2020. They’re working with BSI Constructors Inc. and Checkmate Design on the project.

“These two buildings, architectural wonders made all the more special by the fact they are just a few feet apart, also represent the essence of our mission — restoring a vacant landscape and transforming it into a revitalized neighborhood that, as St. Louisans, we can all be proud of,” Amy Gill said in a statement announcing the pending sale.

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