Former Chicago Post Office to be Sold

After the Postal Service moved to a new building on Harrison Street, the 14-story, 77-year-old building has been vacant since 1995. Now it is to be auctioned.

"The U.S. Postal Service postal service announced Tuesday that, after more than a decade of trying to sell the 3-million-square-foot former Chicago facility through conventional channels, it has decided to auction it to the highest bidder.

While the suggested opening bid for the facility that spans the Eisenhower Expressway is $300,000, there is no minimum bid, and the facility could sell for less said postal service spokesman Mark Reynolds.

Two years ago, the city gave initial approval to a $300 million plan, including $62 million in local and federal incentives, from investment firm Walton Street Capital to develop the complex into condos, offices and a hotel. However, the Postal Service was unable to finalize a deal with Walton Street, Reynolds said."

Full Story: Old Chicago post office to be auctioned

Comments

Build Your Own Paper Block City

Urban Fold is an all-inclusive kit that allows anyone to build the city of their dreams with a few simple folds.
$24.95
building block set

NEW! Build the world you want to see

Irresistible block set for adults when placed on a coffee table or desk, and great fun for kids.
$25
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $16.95 a month
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 9 different cities.
$22.00