Nothing new in the article
But remember this sitting empty for years trying to come up with a plan for this beast. It was so big most all thought half of it would have to come down for a rehab because it would be simply too big to fill.
Imagine if someone said it could be 90% leased!
https://www.chicagobusiness.com/cool...t-offices-2021
October 14, 2021 01:25 PM |
The Old Post Office: Best reuse of a historic building
As part of our Coolest Offices 2021, we spotlight the largest historical redevelopment in the nation, a building erected in 1921 and spanning three city blocks.
Crain's Coolest Offices 2021
The Old Post Office sat vacant for two decades, but in the largest historical redevelopment in the nation, the building, erected in 1921 and spanning three city blocks, is now a thriving work hub.
Nearly $1 billion has been spent restoring, replacing, replicating and cleaning significant architectural features and readying the 2.8 million-square-foot limestone structure to accept new tenants.
The unprecedented overhaul was spearheaded by developer 601W Cos. in conjunction with design giant Gensler and general contractor Bear Construction, along with historical consultants, preservation experts and civil engineers.
Since November 2019, companies such as Cisco Systems, CoinFlip, PepsiCo, Home Chef and Walgreens have taken up office and retail space in the iconic building.
It is more than 90% leased, according to Jamey Dix, principal of leasing firm the Telos Group.
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http://www.chicagotribune.com/busine...k7y-story.html
Uber opens new office in Old Post Office, making Chicago the center of growth plans for its surging freight business
By Robert Channick
Chicago Tribune |
Oct 19, 2021 at 3:44 PM
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Uber now has about 1,500 Chicago office workers, with about half employed by Uber Freight, the company said. It plans to expand to more than 2,000 employees in Chicago.
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“We’re in full hiring mode,” Lior Ron, head of Uber Freight, said Tuesday.
Uber is occupying about 310,000 square feet at the Old Post Office, including the entire ninth floor, parts of the eighth floor and a private rooftop deck. The company is subleasing about 150,000 square feet of its original space to other tenants on the eighth floor.
The new office features a full-service kitchen, executive suite, grand hall, restrooms, library spaces and other amenities. The roof includes event space and sports courts. But the biggest feature is simply the sheer size of the contiguous office.
“The floor plan allows us to actually have the entire team collaborate together on one floor,” Ron said. “It’s essentially like four football fields connected or like a skyscraper basically tilted on its back.”
Ron said the office will initially be open on a voluntary basis for Chicago employees, many of whom continue to work remotely. Uber is expecting most employees to be back in the office by the “beginning of next year,” he said.
In 2020, Uber Freight generated $1 billion in revenue, according to financial statements, and has accelerated to a rate that would produce $1.7 billion in annual revenue, Ron said.
“From a business perspective, Uber Freight has a lot of momentum,” Ron said. “We started from nothing just four years ago.”
Ron said the ability to “tap into the universities” and Chicago’s talent pool has enabled the business to recruit and ramp up logistics professionals quickly. The opening of a new technology hub at the Old Post Office will have “dozens of engineers” working alongside the operations staff, he said.
Another boost for the Chicago operation will be the $2.25 billion acquisition of Texas-based logistics firm Transplace, which was announced in July but has yet to close.
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