Oh, duh - A SIGN!!
 

This is the key - Davies never put a sign up on the building!! Now national and global developers will know it's for sale.............why didn't anybody think of this before?! Davies is now a genius in my book!!!

Well Davies bought the Post office for $24 million and Sterling Bay offered him a legitimate offer for $150 million in 2014 but he rejected it. That's 6x what he payed for it! So yea, hes probably holding out for something ridiculous like $1 billion for it.

If there was a giant QR code they could zap it with their camera as they pass.

Do any cities have a "use it or lose it" law for situations like this? I know sometimes real estate involves patience, but it sucks that a nitwit can just sit on a property like this.

yeah the Ike is definitely known for its congestion free travel :haha:

This was in Solis's ward before the remapping. After the new boundaries took effect, 26 jumped the river and took in parts of the South Loop.

Yea, strip the unbuilt PD then threaten eminent domain unless you move ass…just like Rahm did to General Mediterranean. This is a very clear shot across the bow to do something or suffer the consequences.

The city giveth, the city taketh away.

SoNo was allowed under the site's pre-existing zoning, the city can't downzone a parcel just because it doesn't like what the developer has planned.

The Post Office is different... the city already granted zoning relief to Davies in the form of a PD. They are on firm legal ground to take that away again and let the PD sunset to its original DX zoning, especially because it is clear that Davies has no intention of actually building the development he got the city to approve.

Cool, thanks for explaining the difference.

Ugh, I had this thread. Enter with hope, leave terribly disappointed. I want the city to take this building back and sell it to someone with a real plan. It can't be an impossible building to renovate.

http://www.chicagotribune.com/busine...028-story.html

New plans by Bill Davies for the Post office include 1500 apartments.

http://chicago.curbed.com/archives/2...pdate.php#more

Old Main Post Office Update from Curbed

That would certainly enliven the southwest part of the greater Loop area, but who is going to pay $4 per square foot for a tiny 2-bedroom astride an expressway not particularly near anything else people usually want to be close to?

not many i reckon

Look at the floor plans provided! Unit 12 would be especially attractive at "roughly $1,100 per month." HAHAHAHAHAHAHA!

Only marginally less unbelievable than his previous proposals. The city should give him an ultimatum of getting something actually underway this year or yank the PD.

The post office's redevelopment will be built in phases, with the first phase expected to be completed by the end of this year.

Yeah, right. What are they smoking.

Yeah this proposal isn't gonna fly. Too many units in a poor location too late in an apartment boom.

If I were Davies I would see if I could connect the building underground to the Clinton Blue stop and make the first few floors a mall and above that maybe office or residential.

Yeah, those look like some egregiously miserable unit plans.

$4/SF? for that? :haha:

I don't know what Mr. Bill is smoking, but it's clearly some pretty strong stuff.

He probably forgot the building is in Chicago and not in London ...

I mean that 707 N Wells building is in a great location and you can get a 1,000 square foot 2-bedroom with an enormous terrace for $3.35 per square foot.

"Antunovich Associates to lead design duties for the new plan"

Oh gee... but of course... :yuck::yuck::yuck:

hes just throwing shit against a wall at this point

What difference does it make who the architect is, nothing is going to be built anyways. Why pay a top notch world class firm to play make believe when you can pay a hack much less to do the same?

Apartments are literally the least efficient use for this building. The only logical use is office. Now if he was proposing residential in the tower and office in the post office, well, that would just make too much sense wouldn't it. We can't have that.

Also it's called:

"Olde Chicago Post Office"


Lololololol. He doesn't even get that calling something "ye olde" is like a joke nowadays in the US.

i thought office space wasnt preferable due to the big floorplates and most people then being away from light/windows?

:sly:





:haha::haha::haha::haha::haha:





:koko:

I was wondering if the original post office building on the east side of the adjacent larger main building was torn down, would the newly exposed facade of the main building exist, or would it have to be recreated ?

Should just turn the Post Office into a Casino. Only way I see that floorplate being used efficiently

This X 1,000,000. Especially now that Davies has proven incapable of making anything viable happen here and let's the mofo burn once in a while. The city should just claim imminent domain and make a 1920's/Chicago gangster/prohibition themed casino

Which also explains why those apartments look so God-awful bad. Someone spent like 5 minutes throwing something together.

Seems like this is just another delaying tactic to avoid losing control of the property.

Davies should have worked with Sterling Bay instead of whatever the f*** he's doing right now

This is clearly no more real a proposal than the previous pie-in-the-sky 'proposal'. Obviously he was sent a message by the city that's it's time to do something with the property, and this is something he had his hackey lackey Antunovich whip-up to make it look like he's serious now about moving forward with something. Enough is enough. It's time for an actual ultimatum - you jv with (or preferably sell outright to) a credible established developer who wants to actually redevelop the building, or the city is taking the property. Deadline for a deal - June 30. July 1 legal filings begin for eminent domain, and once they start, there's no stopping it - it's over. I've had it with this schmuck........

I'm not crazy about the idea of the city controlling who gets the next crack at it (do I have to even mention block 37 history), but at this point the probability is very, very, very high that it will be a better scenario - potentially much, much better - than Davies continuing to own it........

Just fucking take it from him. Give him a dollar.

The building is set up perfectly for one use and one use only - a casino. The city/state desperately need the revenue and that area of downtown is not all that desirable for anything else. Then a few new condo/hotel/apartment towers along the river can probably work with the casino there bringing traffic and tourism to the area. I like what someone said in another thread - a 1920's prohibition/al capone era theme would be perfect fit for the building and city.

Just need a competent developer and the city/state to come to terms on splitting the revenue.

not a bad idea...

Per DNAInfo, the apartment tower is planned at 100 floors.

of course it is.

:haha: :haha: :haha: :haha: :haha:

Only 100? Why not go for "world's tallest?" :rolleyes:

Meh no thanks. I think I would rather have an empty building than an inevitably kitschy casino. Lately it seems 'Build a Casino' has become the Midwest quick fix solution to difficult economic problems. I would much rather find the right developer for the property than turn it into a 'themed' anything.

Lord, No
(though am always a fan of the Art Deco scheme)

^Relax, any desired redevelopment of this monster will go absolutely nowhere until the vast amounts of asbestos have been completely removed. Which will cost a fortune.

The casino of the future will be a server farm. The clientele of physical gambling spaces become less and less desirable as the years go by. Let Hammond and Elgin deal with those problems. We don't need them here.

Edit:

http://money.cnn.com/2016/01/08/news...asinos-losses/
Chicago already has all the restaurants and shows and hotels. What does a casino actually do when you already have that?

Presumably government revenue.
LV does provide a very unique entertainment offering with the abundance of performers/shows and even just the simple glitz of the strip. No city with gambling will replicate all that.

Why do I come here? Why do I even check this thread? :shrug:

Why not just make it a 1,000 floors..... Both are just as likely.

Looks like Rahm wants to take the Post Office from Davies

https://www.dnainfo.com/chicago/2016...-new-developer

:happybirthday:

:cheers:

Yaaaasssss

Finally

Really fun to watch a speculator from out of town wall right into the whirling blades of the city that works. Shit or get off the pot Davies.