Heer’s proposals due today; Prost bows out

The Jefferson City developer says he and his company, Springfield Office Building LLC, made a business decision not to submit a proposal today because it was best for the company.

Prost had been one of three final developers in the running to take on the mammoth project, which he had spearheaded since 2004 when he bought the building from Warren Davis Properties and partnered with the city to redevelop it. The city terminated that agreement last summer after Prost missed a series of financing deadlines, and Prost later transferred ownership of the building to the city.

The remaining finalists for the project – McGowan & Walsh and Restoration St. Louis, both of St. Louis – have until 3 p.m. today to submit proposals. A fourth finalist, Springfield-based Magers Management Co., pulled out of the running in January.

Prost said he would be open to continue working on the Heer’s if the chosen developer asks him to contribute.

“We are willing to work with other developers on the project if it’ll help the project happen,” he said.

See SBJ’s March 26 issue for more on the developers’ proposals for the Heer’s building.