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Old October 12th, 2014, 03:36 PM   #1181
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Old December 6th, 2014, 01:58 AM   #1182
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Site for sale, this one is done.

Bill Davies calls it quits on Old Post Office

http://click.crainemail.com/?qs=e328...f7ce951d174c0a

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Now, at last, the Old Main Post Office might find a real savior

Reality finally caught up with Bill Davies—and that's a good thing.

As my colleague Ryan Ori reported yesterday, the eccentric British developer is looking to sell Chicago's Old Main Post Office, a vacant 2.7 million-square-foot structure straddling the Eisenhower Expressway at the western edge of downtown. Davies acquired the mammoth building in 2009 for $24 million.

He had grandiose plans, envisioning a sprawling $3.5 billion complex of offices, hotels and residences across 16 million square feet encompassing the post office site and neighboring properties. His blueprint even included a 120-story skyscraper that would have been the tallest in the Western Hemisphere.

But even after he scaled back to a still-massive 10 million-square-foot plan, it was obvious the project was little more than a figment of his imagination.

I don't fault Davies for thinking big. After all, Chicago was built by people with big ideas. But big ideas aren't enough. The builders who made lasting marks on Chicago's skyline knew how to separate the fanciful from the feasible and get things done.

Davies' decision to unload the post office building and adjacent property all but confirms the mega-project he envisioned won't get done. Perhaps he'll find a buyer or joint venture partner who shares his colossal ambitions for the site. But I doubt he will. If anyone with money believed in that vision, he'd have been able to finance the project by now.

BRAVE NEW WORLD

Far more likely is a piecemeal sale of the property to several buyers. Even Davies' broker has acknowledged such a possibility.

Disappointing for Davies? Almost certainly. But not necessarily for those of us who want to see the property brought back to life.

With Davies' epic fantasy out of the way, new possibilities arise for an eyesore at a key gateway to Chicago's central business district. A sale clears the way for a more realistic redevelopment strategy.

Redevelopment now can move forward in stages, with individual projects tailored to market demand in various real estate sectors. A range of office, retail and residential developers could be interested in pieces of the property. Chicago-based Sterling Bay, which specializes in repurposing old industrial properties on the Near West Side, dropped out of Davies' project after he rejected its offer to buy the post office building for $150 million.

If Sterling Bay still is interested, it might find Davies more receptive now...

[...]

Whatever becomes of the vast Old Post Office, it likely won't be sprouting any supertalls or even any additional towers. Bill Davies just didn't have the juice to move something this enormous in a place where people do read the fine print.
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Old December 6th, 2014, 02:08 AM   #1183
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RIP in pieces.





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Old December 6th, 2014, 02:26 AM   #1184
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All may not be lost:

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Once the center of an ambitious plan to erect a 120 story skyscraper at the site, the property is now represents 10 million square feet of potential, presenting national and international developers alike with one of the biggest development opportunities in Chicago. While the city is home to a hole in the ground that serves as an object lesson in the possible fate of lofty plans, the Old Main Post Office, with massive uninterrupted floor plans and incredible history, offers retail, commercial and residential opportunities the city may never see again.

http://chicago.curbed.com/archives/2...p-for-sale.php
But other big plans for beta sites like this one haven't fared much better. I think the direction of the site will be determined by what actually goes into the old Post Office itself, rather than some exogenous towers surrounding a huge question mark.
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Old December 6th, 2014, 02:53 AM   #1185
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Time for DN Archives?
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Old December 6th, 2014, 07:07 PM   #1186
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Man, the spire and now this, huge blow for the future of Chicago. Not that I ever had that much faith in either to begin with but still.
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Old December 6th, 2014, 07:12 PM   #1187
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More are coming let's wait and see. Chicago I think will have a bigger year than last year. When it comes to residential proposals.
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Old December 6th, 2014, 07:15 PM   #1188
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The Spire was a real project but this never was. Only outsiders and fanboys thought this was ever a real project and when they were told it wasn't, they threw tantrums.
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Old January 27th, 2016, 09:24 PM   #1189
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He's Baaaack!

http://chicago.curbed.com/archives/2...ice-update.php

Quote:
1,500 Rentals, New Tower Addition Proposed for Old Main Post Office



After months of silence, British developer Bill Davies has come forward with a new plan for Chicago's Old Main Post Office — rental units. The behemoth Art Deco building has been the focus of numerous plans, partnerships and potential sales since it was purchased by Davies in 2009 for $24 million. However, this week, a new plan for 1,500 apartments and a new tower addition have emerged for the Chicago landmark. According to Ellen Phillips, managing broker of Loop Apartments, Davies' International Property Developers North America Inc. is currently looking to gauge interest in the plan for new apartments at the site. If there is enough demand and interest in the proposal, Davies could start building rental units in the old post office building as early as this coming March. IPDNA is also seeking large-scale rental anchors for the major redevelopment, simply titled Olde Chicago Post Office.

The post office's redevelopment will be built in phases, with the first phase expected to be completed by the end of this year. IPDNA has teamed up with Chicago's Joe Antunovich of Antunovich Associates to lead design duties for the new plan. The majority of the new rental units that would be built for the post office will be quite small compared to the average apartment in Chicago.


If this latest scheme gains traction, a skyscraper is likely.
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Last edited by desertpunk; January 27th, 2016 at 09:30 PM.
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Old September 22nd, 2016, 11:26 PM   #1190
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Huge building collection looks great at every time
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Old September 25th, 2016, 10:36 AM   #1191
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Here are the oldest Buildings of the Post office in India. These post offices are build by the British Development in 18th century.

Here it is the Mumbai Post Office
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Old March 5th, 2017, 07:35 AM   #1192
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I believe the apartments plan for the Old Post Office Building may have been dropped.

In May 2016, the Old Post Office Building was sold to The 601W Companies from Bill Davies, as announced by Chicago Mayor Rahm Emanuel. Davies died the following day (May 13).

601W plans a US$500 million renovation of the Old Post Office into office space, with the addition of a rooftop park and a riverwalk. The renovation, designed by Gensler, will last five years. I believe the Old Post Office renovation started in October.

Source: Curbed Chicago
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Old August 4th, 2017, 12:00 AM   #1193
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07/22/17

Windows...





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Old August 4th, 2017, 12:01 AM   #1194
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Old August 4th, 2017, 04:52 AM   #1195
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I love that kind of industrial loft-style window. That lobby will be gorgeous too!
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Old September 21st, 2017, 03:38 PM   #1196
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Old September 21st, 2017, 03:55 PM   #1197
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