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Plan for apartments at former Mike Shannon's site downtown on hold, developer says

After the restaurant at 620 Market closed, it had been listed for sale for $4 million.
Credit: SLBJ
This rendering shows Seventh and Market streets, looking north, with a plan for apartments at the former Mike Shannon's restaurant site in downtown St. Louis.

ST. LOUIS — The $31 million apartment complex development proposed at the site of the former Mike Shannon’s restaurant near Busch Stadium is on hold.

Kansas City-based MW Cos. and Garrison Cos., which last year proposed the Fielder Lofts development that would have converted the low-rise Shannon's building to between 125 and 130 apartments, has paused the project, said developer Gary Hassenflu, who leads the firms.

The company has focused on other priorities ahead of the Shannon's project, Hassenflu said. He did not say what those priorities are, although the developer has partnered with St. Louis-based Larson Capital Management to pursue a redevelopment project in Kansas City.

Click here for the full story from the St. Louis Business Journal. 

    

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