Novelly Moves Forward With Clayton Office Project
- Nov 26, 2015
By Ioana Neamt, Associate Editor
A 14-story office project in Clayton, Mo. that has been stuck in the planning stages for many months is now one step closer to becoming reality.
According to the St. Louis Business Journal, the $68.5 million office tower proposed by Jared Novelly will go before the city of Clayton’s planning commission on December 7. Novelly is the head of Crest Management Co. and also the son of Tony Novelly, Horatio Alger Award honoree and CEO of Apex Oil—one of America’s Largest Private Companies, according to Forbes Magazine.
The new 233,226-square-foot development would replace an unoccupied retail building at 8125 Forsyth Blvd., between Maryland Avenue and Brentwood Boulevard. The property is conveniently located near the Merrill Lynch Centre at 8325 Forsyth, owned by Tony Novelly.
Photo courtesy of the Horatio Alger Association