Update @ 9:00 p.m.–Sources close to the investigation identify the alleged shooter as 34-year-old Sean Johnson of the 5300 block of Cote Brilliante in St. Louis. Johnson is believed to an on-again, off-again student at the school. The victim is identified as Greg Elsenrath, a financial adviser at the school.

ST. LOUIS, Mo. (KMOX) – Two men are hospitalized in critical condition after a shooter entered the Stevens Institute of Business and Arts (SIBA) in downtown St. Louis.

Police say the suspect entered the school in the 1500 block of Washington Ave. around 2 p.m. with apparently one intent — to kill a person on the fourth floor.

Police say the victim is a white male in his 40s and was the suspect’s financial advisor.

After shooting the victim, the suspect then turn the handgun on himself.

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Police Chief Sam Dotson told reporters at a press conference earlier this afternoon that officers found the suspect in a stairwell between the third and fourth floors of the five story building with a gunshot wound to the chest.

Both the victim and the suspect are in critical condition undergoing surgery at St. Louis University Hospital.

(Listen to the full press conference)

Washington Ave. was completely shutdown from 14th-18th street while police secured the scene.

Chief Dotson says there were 40 to 50 people in the building at the time of the shooting. Officers found some of those students hiding under desks and in closets.

• Teacher Describes Her Time at SIBA, Calls School Intimate

SIBA is located in the vibrant loft district of downtown St. Louis. The four-year college specializes in Business Administration, Interior Design, Fashion, and Retail Management. It is a relatively small school with about 180 students enrolled.

SIBA has announced on Facebook that the school will be closed until Tuesday, January 22nd at 8:00 a.m.