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May 16, 2016 Comments Off on Chicago Main Street Post Office Plans Finalized Views: 302 California News, Illinois, Midwest, National News

Chicago Main Street Post Office Plans Finalized

601W Cos. struck a deal to acquire and redevelop the Old Main Post Office near downtown Chicago. The investment group will launch a $500 million renovation plan, that will feature offices, outdoor cafes, events space, and a sports and fitness center.

The crumbling edifice on Van Buren Street has been a bone of contention between the city of Chicago and former owner Bill Davies. The 2.5-million-square-foot structure has been vacant since the mid-1990s.

The first phase will correct building codes and restore the facade. The second phase will see systems and elevators installed, while phase three will focus on renovating the historic lobby.

Read More at Chicago Tribune

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