The developers behind a $195 million project to restore the historic Mansion House that overlooks the Gateway Arch say they’ve secured financing on the project and plan to break ground soon.

New + Found plans the redevelopment of the 29-story complex at 300 N. Fourth St. The building, originally built in 1966, features 130 studio apartments, 207 one-bedroom and 78 two-bedroom apartments.

The group, which previously redeveloped the Foundry in Midtown into a now-busy food, shopping and entertainment hall, touts the project as one of the largest residential investments in downtown St. Louis in decades.

“Our strategy at New + Found is to invest in landmark properties that define the character of St. Louis,” said CEO Steve Smith. “Projects like Mansion House extend the momentum we’ve bui

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