Novelly, Apex Plan 10-Story Clayton Tower

{Forsyth Plaza will likely be razed for a 10-story Apex Oil tower}

WhoLou sources allege Apex Oil intends to construct a 10-story building near the Merrill Lynch Centre at 8235 Forsyth in Clayton where the company is headquartered. Apex Oil CEO and Horatio Alger Award honoree Tony Novelly owns the 245,000 sq. ft. Merrill Lynch Centre. In recent years Novelly has purchased several other buildings in that immediate area leading to speculation the site would soon be developed.

Recent activity though, according to sources independent of each other, would seem to indicate that this development is no longer just a rumor. It is alleged that Apex Oil has hired architect ACI Boland to design the 10-story building and is meeting with contractors regarding construction.