HomeDiagramsDatabaseMapsForum
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > General Development


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

Building Data Page   • Comparison Diagram   • Chicago Skyscraper Diagram

Map Location
Chicago Projects & Construction Forum

Reply

 
Thread Tools Display Modes
     
     
  #1361  
Old Posted Oct 9, 2019, 12:24 AM
jl224990 jl224990 is offline
Registered User
 
Join Date: Feb 2018
Posts: 5
Quote:
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.
Reply With Quote
     
     
  #1362  
Old Posted Oct 17, 2019, 8:31 PM
MorganChi's Avatar
MorganChi MorganChi is offline
Registered User
 
Join Date: Jun 2018
Location: Chicago
Posts: 113
Reply With Quote
     
     
  #1363  
Old Posted Oct 18, 2019, 5:28 PM
bnk's Avatar
bnk bnk is offline
પટેલ. કે ન
 
Join Date: Mar 2006
Location: chicagoland
Posts: 10,256
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.


...
__________________
facebook
Reply With Quote
     
     
  #1364  
Old Posted Oct 18, 2019, 5:39 PM
bnk's Avatar
bnk bnk is offline
પટેલ. કે ન
 
Join Date: Mar 2006
Location: chicagoland
Posts: 10,256
Quote:
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. "
__________________
facebook
Reply With Quote
     
     
  #1365  
Old Posted Oct 18, 2019, 7:36 PM
Donnie77 Donnie77 is offline
Registered User
 
Join Date: Sep 2018
Posts: 190
Quote:
Originally Posted by MorganChi View Post
was a good read

makes me want to go see it for myself
Reply With Quote
     
     
  #1366  
Old Posted Oct 19, 2019, 1:40 AM
BVictor1's Avatar
BVictor1 BVictor1 is offline
Registered User
 
Join Date: Sep 2002
Location: Chicago
Posts: 9,490
Quote:
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.
__________________
titanic1
Reply With Quote
     
     
  #1367  
Old Posted Oct 24, 2019, 6:28 PM
marothisu marothisu is offline
Registered User
 
Join Date: Dec 2012
Location: Manhattan
Posts: 4,929
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."
Reply With Quote
     
     
  #1368  
Old Posted Oct 25, 2019, 1:07 AM
harryc's Avatar
harryc harryc is offline
Registered User
 
Join Date: Jun 2007
Location: Oak Park, Il
Posts: 12,349
318 N Carpenter

...wt....
__________________
Harry C --- Chicago rep for SkyRise Cities ---- My Flickr stream HRC_OakPark
The man who trades freedom for security does not deserve nor will he ever receive either. B Franklin.

Last edited by harryc; Oct 25, 2019 at 2:31 AM.
Reply With Quote
     
     
  #1369  
Old Posted Oct 25, 2019, 2:13 AM
bhawk66 bhawk66 is offline
Registered User
 
Join Date: Mar 2019
Posts: 234
^^ well that was uneventful, Harry
Reply With Quote
     
     
  #1370  
Old Posted Oct 28, 2019, 2:02 AM
harryc's Avatar
harryc harryc is offline
Registered User
 
Join Date: Jun 2007
Location: Oak Park, Il
Posts: 12,349
Oct 19

















__________________
Harry C --- Chicago rep for SkyRise Cities ---- My Flickr stream HRC_OakPark
The man who trades freedom for security does not deserve nor will he ever receive either. B Franklin.
Reply With Quote
     
     
  #1371  
Old Posted Oct 28, 2019, 3:15 AM
SIGSEGV's Avatar
SIGSEGV SIGSEGV is offline
>~< , QED!
 
Join Date: Jun 2018
Location: South Loop, Chicago
Posts: 1,463
^ If your EXIF time is correct... I was there about 30 mins before you.
__________________
And here the air that I breathe isn't dead. Trump delenda est.
Reply With Quote
     
     
  #1372  
Old Posted Nov 21, 2019, 1:25 PM
marothisu marothisu is offline
Registered User
 
Join Date: Dec 2012
Location: Manhattan
Posts: 4,929
PepsiCo confirms move to Old Post Office

https://www.chicagobusiness.com/comm...ld-post-office

Quote:
Soft drink giant PepsiCo has officially joined the party at the Old Post Office, announcing it has inked a deal to move its Chicago office to the redeveloped behemoth anchoring a rebirth of the southwest Loop.

The company said it signed an 8-year lease for 192,000 square feet in the building at 433 W. Van Buren St., where it will move its 1,300 Chicago employees late next year. Crain's first reported in September that PepsiCo was in advanced talks for the new office.
Reply With Quote
     
     
  #1373  
Old Posted Nov 21, 2019, 2:30 PM
skysoar skysoar is offline
Registered User
 
Join Date: Dec 2018
Posts: 83
I believe The Post Office redevelopment has truly been impressive. I know some would disagree, but I would have liked to have seen the exterior redone to look like the exterior color of Willis Tower and other buildings in that area of like color. I think a darker- colored exterior on a building as massive as the Post Office in that location would have really helped to highlight that whole area. Nevertheless it has turned out to be very successful and an exterior redo probably would have been too cost- prohibitive.
Reply With Quote
     
     
  #1374  
Old Posted Nov 21, 2019, 3:27 PM
RedCorsair87 RedCorsair87 is offline
Registered User
 
Join Date: Mar 2018
Posts: 372
Absolutely incredible how well this building looks and is filling up.
Reply With Quote
     
     
  #1375  
Old Posted Nov 21, 2019, 4:06 PM
Baronvonellis Baronvonellis is offline
Registered User
 
Join Date: Sep 2009
Location: Chicago
Posts: 855
Quote:
Originally Posted by skysoar View Post
I believe The Post Office redevelopment has truly been impressive. I know some would disagree, but I would have liked to have seen the exterior redone to look like the exterior color of Willis Tower and other buildings in that area of like color. I think a darker- colored exterior on a building as massive as the Post Office in that location would have really helped to highlight that whole area. Nevertheless it has turned out to be very successful and an exterior redo probably would have been too cost- prohibitive.
What do you mean paint black over all the wonderful limestone?? That would be a travesty. Or reclad the whole building in Cor-ten steel? That would be very expensive.
Reply With Quote
     
     
  #1376  
Old Posted Nov 21, 2019, 4:26 PM
lakeshoredrive lakeshoredrive is offline
Registered User
 
Join Date: Jul 2018
Posts: 101
I really hope Canal street will be redeveloped south of the OPO and find a way to connect to the Clinton subway station
Reply With Quote
     
     
  #1377  
Old Posted Nov 21, 2019, 4:45 PM
Buckman821's Avatar
Buckman821 Buckman821 is offline
Registered User
 
Join Date: Jun 2008
Posts: 484
Quote:
Originally Posted by skysoar View Post
exterior redo probably would have been too cost- prohibitive.
...and an absurd idea?
Reply With Quote
     
     
  #1378  
Old Posted Nov 21, 2019, 4:51 PM
Steely Dan's Avatar
Steely Dan Steely Dan is offline
devout Pizzatarian
 
Join Date: Jul 2001
Location: Lincoln Square, Chicago
Posts: 21,486
Quote:
Originally Posted by skysoar View Post
I know some would disagree
some would disagree?

SOME?

i'd be shocked if you could find even one single other person that would agree with your idea to strip the historic art deco OPO of its glorious limestone and re-clad it with black anodized aluminum panels like the sears tower.

i think we can safely file that one away under "WILDLY unpopular opinions".



this is all exactly as it should be:


source: https://openhousechicago.org/sites/s...o-post-office/
__________________
He has to go.

Last edited by Steely Dan; Nov 21, 2019 at 5:11 PM.
Reply With Quote
     
     
  #1379  
Old Posted Nov 21, 2019, 5:04 PM
skysoar skysoar is offline
Registered User
 
Join Date: Dec 2018
Posts: 83
Quote:
Originally Posted by Baronvonellis View Post
What do you mean paint black over all the wonderful limestone?? That would be a travesty. Or reclad the whole building in Cor-ten steel? That would be very expensive.
Of course you are right, I was talking about the aesthetic effects. I came out of Union Station recently and looking south and seeing Willis Tower and several other black-clad buildings nearby and it was very imposing. I am just saying a black-clad Old Post Office exterior redo would have been a great continuous of those impressive buildings.
Reply With Quote
     
     
  #1380  
Old Posted Nov 21, 2019, 6:57 PM
Kumdogmillionaire's Avatar
Kumdogmillionaire Kumdogmillionaire is offline
Development Shill
 
Join Date: Nov 2015
Location: Chicago
Posts: 1,015
Quote:
Originally Posted by skysoar View Post
I believe The Post Office redevelopment has truly been impressive. I know some would disagree, but I would have liked to have seen the exterior redone to look like the exterior color of Willis Tower and other buildings in that area of like color. I think a darker- colored exterior on a building as massive as the Post Office in that location would have really helped to highlight that whole area. Nevertheless it has turned out to be very successful and an exterior redo probably would have been too cost- prohibitive.
Lol wtf?
__________________
For you - Bane
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > General Development
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 10:23 AM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2019, vBulletin Solutions, Inc.