Senate Square and Delmar Savoy Auctions Canceled by Judge
The auction of these 100 St. Louis apartment units is on hold pending a court hearing regarding new ownership intervention.
Updated on Oct. 27, 2026 in Commercial
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Auctions for the St. Louis Senate Square and Delmar Savoy apartment buildings were recently called off after a judge halted the planned sale. The properties, currently owned by David Shemano and in receivership due to missed payments, remain off the market while the court reviews a new intervention.
Why it matters
The halt in proceedings for these properties, which include approximately 100 units and 30 historic rowhouses, signals a pause in the transition of these assets amid ongoing concerns over their condition. Local renters and stakeholders are left waiting for clarity on the future ownership and maintenance of these aging residential sites.
The halted auction involved the Senate Square complex in Benton Park and the Delmar Savoy building near Delmar and Union Boulevards. These sites comprise approximately 100 apartment units and 30 historic rowhouses that currently remain under the ownership of David Shemano.
The players
David Shemano
The current owner of the Senate Square and Delmar Savoy properties.
Aurox Equities
An investment firm that filed a motion to intervene in the receivership lawsuit.
The details
The auction cancellation followed a court order that granted a motion to intervene filed by Aurox Equities. This judicial action effectively paused the receivership process, which had been initiated due to the property owner's missed financial payments. The buildings, which have faced criticism for being in poor condition, will now remain in legal limbo until further court review.
Timeline
October 26, 2026: The date originally set for the public auction of the two properties.
November 2, 2026: The upcoming date for the scheduled hearing regarding the motion to intervene.
The Home Front
This pause in the auction of historic and multi-family residential assets highlights the complexities of property receivership in the St. Louis market. It reflects a broader trend where legal intervention can significantly alter the timeline for redeveloping or maintaining aging local rental housing.
Renters living in the affected complexes should continue to manage their lease agreements and maintenance requests through existing property management contacts. Until the court reaches a final decision on ownership, residents should monitor local court notices for any updates on property control.
The takeaway
The sudden halt of these auctions leaves the future of 100 units in St. Louis uncertain as the court evaluates the intervention. Residents should keep all communication and maintenance records accessible until the legal proceedings conclude.
What happens next
A hearing to address the motion to intervene is scheduled for November 2, 2026.
Further reading
For more on market trends affecting local multi-family buildings, explore the latest Commercial updates.
Source note: This article includes information reported by St. Louis Magazine.
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