Chemical Building Redevelopment to Begin

Chemical Building Redevelopment to Begin

The vacant 16 story Chemical Building at 721 Olive Street downtown has a new owner. According to city records, Morgan Communities of Pittsford, New York has closed on the property. HBD Construction is the contractor. The developer is moving quickly on the project, with construction bids due this week to replace the windows on the historic structure.

The Chemical Building. Photo: Mark Groth


Built in 1896, Chicago School architect Henry Ives Cobb designed the red terra cotta and brick tower with its distinctive protruding bays. Work has just begun on a¬†$65¬†million hotel conversion of Adler and Sullivan’s adjoining 705 Olive.

Morgan Communities has a portfolio of over 140 properties including dense urban projects and suburban residential campuses. This will be their first project in Missouri. Their focus is on the residential rental market.

Proposals for the Chemical Building have come and gone in recent years.


Interior photos by Jason Deem:













NextSTL is committed to providing original stories and unique perspectives on a variety of urban topics such as architecture, development, transportation, historic preservation, urban planning and design and public policy in St. Louis. We're always looking to add new, diverse voices to the mix. We accept anonymous tips, pitches for story ideas, and completed stories.

Learn More