(Richmond, IN)--There’s been more movement on the conversion of the former Elder-Beerman building in downtown Richmond into apartment buildings. This week, EDC CEO Valerie Shaffer updated county leaders on that project. A letter of intent has been signed by the EDC from a developer than plans to convert the building into 150 apartments. Nearly $3 million has already been allocated for the project in state funding. Elder-Beerman vacated the building four years ago.