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    Old Post Office Redevelopment Tower [1] in the SkyscraperPage Database

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  #1361  
Old Posted Oct 9, 2019, 12:24 AM
jl224990 jl224990 is offline
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Originally Posted by Jim in Chicago View Post
With all the news of move-ins, etc. I was reminded of the piece of property West of Canal and North of Harrison. This is the Holiday Inn, the sad little shopping strip on Harrison and the Parking lot.

There was speculation awhile back that at least the Holiday Inn was for sale. Is there any news?
I have bookmarked this 1/18/2018 news https://www.facebook.com/groups/1221...=CHRONOLOGICAL

601W bought the parking lot. But as far as Holiday Inn, I never heard the possible sale.

Back to 2015:

https://www.chicagoarchitecture.org/...he-south-loop/
https://www.chicagobusiness.com/arti...wellness-trend
https://beitlerre.com/development/un...elopment/dual/

there was proposal for new hotels on Wells between Ida B. Wells Drive and Harrison where the Hunter Building is sitting now. The hotel was intended to be a Holiday Inn Express+Staybridge Suites dual brand. But there was no further news after that. Maybe Post Office can bring this back to live? If that happens, the current Holiday Inn may go for sale.
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  #1362  
Old Posted Oct 17, 2019, 8:31 PM
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  #1363  
Old Posted Oct 18, 2019, 5:28 PM
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Post office owners just bought more property close by.






https://www.chicagobusiness.com/comm...around-project

October 17, 2019 11:50 AM



Old Post Office developer eyes another big turnaround project



601W is upping its bet on the southwest Loop's renaissance with a deal to buy a sprawling Canal Street office building slated to be empty in a year.



As it prepares to welcome tenants to the Old Post Office after an $800 million-plus overhaul, developer 601W has lined up another big project just a block away.

The New York-based firm is under contract to pay around $67 million for the 575,000-square-foot office building at 801 S. Canal St., according to sources familiar with the deal.

The pending sale at roughly $115 per square foot tees up another bold bet on the southwest Loop for 601W, which set off a renaissance along the South Branch of the Chicago River by turning the mammoth Old Post Office into a modern office building and inking leases there with a slew of prominent tenants.

The sprawling building it is now poised to buy stretches almost a full city block along Canal Street between Polk and Taylor streets. It will soon be empty and in need of a face-lift. Chicago-based Northern Trust has leased the six-story property since the owners, a group now led by real estate investor Paul Gearen, developed it for the bank in 1990. But Northern Trust is moving out in October 2020 after its current lease expires, part of a consolidation of some of its downtown offices into space at 333 S. Wabash Ave.



That gives 601W a little less than a year's worth of rent to tide it over and decide what it wants to do with the building and the surface parking lot along its south end, which could also be developed, according to a marketing flyer for the property.

The building will serve as a bellwether for how hot the southwest Loop can get as tenants file into the Post Office and capital pours into a pocket of downtown that has labored to establish itself as a corporate destination.


...
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  #1364  
Old Posted Oct 18, 2019, 5:39 PM
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Originally Posted by MorganChi View Post
Wow. That was a pretty glowing review from Blair. Pretty rare for him.


"what has transpired so far at 433 W. Van Buren St. is a near-miracle"

"The entrance serves as a warm-up for the ballgown-beautiful grandeur of the main lobby, a dazzling, soaring space outfitted with restored geometric lanterns, walls of fluted marble and gold mosaic tile, as well as decorative panels that illustrate the march of transportation advances (from pony express to airplane) that sped delivery of the mail. The lobby, which is open to the public, communicates a faith in government that seems lost today. Gensler and the Evanston firm of McGuire, Igleski & Associates handled this portion of the restoration with skill and sensitivity"

"What’s already compelling is the revival of this building, which, as recently as a few years ago, was considered an irredeemable white elephant. Now that the project has reached the milestone of taking in its first tenants, it seems as meaningful to Chicago as the transformation of industrial-era transportation infrastructure like elevated freight lines, docks and railroads into the green spaces of The 606, the downtown riverwalk and Millennium Park. "
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  #1365  
Old Posted Oct 18, 2019, 7:36 PM
Donnie77 Donnie77 is online now
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was a good read

makes me want to go see it for myself
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  #1366  
Old Posted Oct 19, 2019, 1:40 AM
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Originally Posted by Donnie77 View Post
was a good read

makes me want to go see it for myself
The building is open tomorrow as part of OHC but will be closed Sunday.
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  #1367  
Old Posted Oct 24, 2019, 6:28 PM
marothisu marothisu is offline
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A relocation from within the city but still good news for this development in and of itself

Staffing firm set to join Old Post Office party

https://www.chicagobusiness.com/comm...t-office-party

Quote:
Tacoma, Wash.-based TrueBlue is closing in on a deal to relocate its Chicago office to nearly 90,000 square feet in the redeveloped behemoth, sources familiar with negotiations said. TrueBlue would move from a pair of buildings near Goose Island to the Old Post Office, which is set to open its doors in a little over a week.

..

601W has signed or is finalizing leases for 75 percent of the 2.5 million-square-foot building before it opens, according to leasing company Telos Group. That tenant roster includes names like Uber Technologies, Walgreens Boots Alliance and the Chicago Board Options Exchange, among others that have flocked to the burgeoning southwest corner of the Loop.

..

TrueBlue, which operates a few of its recruitment and staffing brands out of buildings at 860 W. Evergreen Ave. and 1333 N. Kingsbury St. in the North Branch Industrial Corridor, is now poised to join the mix. TrueBlue took control of those spaces when it acquired Chicago-based recruiting and staffing company Seaton for $310 million in 2014. Seaton at the time had 960 employees in the city and more than 100,000 square feet of offices near Goose Island.

..

Moving to the Post Office would bring it closer to one of its high-profile new partners in Uber

..

Telos Group President Brian Whiting said earlier this week that companies that have committed to the building will eventually bring more than 10,000 employees there daily, and that some 4,900 jobs will be coming from outside the city of Chicago or projected new hires.


..


TrueBlue is an example of the latter. Its departure from the North Branch—which is poised to become a more popular office user destination in its own right—leaves Chicago-based developer R2 hunting for new tenants to fill its space. R2

..

A source familiar with the Evergreen building said R2 has had discussions with multiple tenants about backfilling TrueBlue's offices.

"The building is an irreplaceable unicorn," R2 Managing Principal Matt Garrison said in a statement. "It will lease quickly."
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  #1368  
Old Posted Oct 25, 2019, 1:07 AM
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318 N Carpenter

...wt....
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Last edited by harryc; Oct 25, 2019 at 2:31 AM.
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  #1369  
Old Posted Oct 25, 2019, 2:13 AM
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^^ well that was uneventful, Harry
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  #1370  
Old Posted Oct 28, 2019, 2:02 AM
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Oct 19

















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  #1371  
Old Posted Oct 28, 2019, 3:15 AM
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^ If your EXIF time is correct... I was there about 30 mins before you.
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