Posted Oct 28, 2015, 6:32 PM
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Join Date: Sep 2002
Location: Chicago
Posts: 10,419
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http://www.chicagotribune.com/busine...028-story.html
Quote:
Minor progress at old main post office? Sugar House could be razed
Kim JanssenContact Reporter
Chicago Tribune
October 28, 2015
Under pressure to show signs of progress at Chicago's vacant old main post office, British developer Bill Davies plans to demolish an adjacent five-story building before Thanksgiving, his business associates say.
But the arrival of workers in hard hats won't necessarily mean that major construction is finally about to begin.
Sugar House, at 358 W. Harrison, would simply be razed. For now, the space would be used as a riverfront staging area for maintenance and potential future construction projects at the hulking 2.7 million-square-foot art deco post office building, according to Davies' advisers.
The long-stalled redevelopment of the post office, which looms over the western entrance to the city, straddling the Eisenhower Expressway, has become a source of civic exasperation. Davies' demolition plans come as the city's patience appears to be wearing thin.
Last month, Zoning Committee Chairman Ald. Daniel Solis, 25th, threatened to strip the 12.6-acre site's valuable mixed-use residential and business zoning if something doesn't happen soon. Davies had secured that zoning change with an ambitious $3.5 billion plan to build 16 million square feet of office, retail, residential, entertainment, parking and hotel space after buying the property for $24 million in 2009.
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