The Planning Commission on Monday recommended approval for rezoning for a $35 million project in Ridgedale to turn the dilapidated Standard Coosa Thatcher plant into 170 "live/work" apartments.
Allen Jones said the project will be focused on artisans and will include a spacious courtyard.
He said developer Tim Boyle had driven down from St. Louis for the meeting.
City Councilman Yusuf Hakeem said the project, which is set to get underway near the end of the year and take 15-19 months, should help boost the neighborhood.
City official Donna Williams called it a major investment in a city neighborhood that needs a boost.
There are 170 apartments planned at the Standard Coosa Lofts.
Mr. Jones said they will range from one-bedroom and one-bath studios to units with three bedrooms and two baths.
He said an application is being filed to add the six-acre property to the National Register of Historic Places.
A portion of the old mill was torn down earlier, but it was stopped over asbestos issues. Some of those involved in that project went to federal prison.