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Another historic school building is being redeveloped into apartments.

Work has started to turn Clark School at 1020 N. Union Blvd into about 40 market rate apartments. Amy Levin of Helix Realty, the new owner, said the $5 million rehab project should be complete in about 18 months.

“It’s a huge project because it’s a historic building we’re maintaining,” she said.

The structure, built in 1907 and closed in 2009, is one of the many historic school buildings in St. Louis designed by famed architect William B. Ittner. It’s also one of several closed school buildings that St. Louis Public Schools has sold off in recent years to developers who plan to convert the high-ceilinged structures into loft-like apartments.

Other recent projects include Garcia Properties' conversion of the Gratoit School on Hampton Aveneue, and Advantes Development’s rehabs of Lafayette School in Soulard and Sherman School in Shaw.

Helix purchased Clark School in the Academy neighborhood from the district in November for $500,000. Levin said the company plans to utilize historic tax credits to help finance the redevelopment.

Jacob Barker is a business reporter for the Post-Dispatch. 314-340-8291