Who are the Gills? Do they have any other successful projects in the area?
roger wyoming II wrote:
Bryant must not have asked the Gills about their interest in the Chemical, but it does appear it will be sold again soon.
http://www.stltoday.com/business/column ... user-share
...Plans for a boutique hotel survive on that block of Olive. Next door to the Chemical, at 705 Olive, is the building owned by developers Amy and Amrit Gill, who plan to redo it as a hotel and apartments. It's not just any building. Constructed in 1893 for Union Trust Co., the building's design is by renowned Chicago architect Louis Sullivan, who pioneered the use of steel frame construction in tall structures.
The Gills have the Chemical building under contract.
StlToday - Chemical building back on the market
http://www.stltoday.com/business/column ... fd7d7.html
A day after local developers Amy and Amrit Gill dropped their plan to renovate the Chemical building in downtown St. Louis, an out-of-town developer expressed interest in the structure.
Purchase by the out-of-town developer might not be close and the Chemical remains on the market. But the developer said Friday a mixture of apartments and a hotel might make sense for the building.
Real estate experts have said the asking price of $4.5 million has been an obstacle to completing a sale.
Alex Ihnen wrote:
^ It's true. The Gills weren't the only bidder/interested party. At $3M it sells tomorrow.