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
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Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
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Heyer Gruel & Associates PA
Institute for Housing and Urban Development Studies (IHS)
City of Grandview
Harvard GSD Executive Education
Regional Transportation Commission of Southern Nevada
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