It looks like the historic yet long neglected Old Main Post Office in Chicago will get a face-lift pretty soon.
British investor Bill Davies of International Property Developers North America (IPD) has partnered up with Chicago-based Sterling Bay Cos. on a $500 million first-phase project, the Chicago Sun-Times reports.
The plan is to convert the historic building into a 2.7 million-sf, high-end mixed-use center.
IPD not only plans to restore the neoclassical post office exteriors and interiors to their original splendor, but also hopes to extend new retail and entertainment floors next to the historic structure on the Chicago River’s edge.
The Old Post Office’s restoration won’t just be for future tenants; the area below is being planned as a transportation hub for the city, and the main lobby as a public entryway for pedestrians.
Related Stories
| May 31, 2012
2011 Reconstruction Award Profile: Seegers Student Union at Muhlenberg College
Seegers Student Union at Muhlenberg College has been reconstructed to serve as the core of social life on campus.
| May 31, 2012
2011 Reconstruction Awards Profile: Ka Makani Community Center
An abandoned historic structure gains a new life as the focal point of a legendary military district in Hawaii.
| May 31, 2012
5 military construction trends
Defense spending may be down somewhat, but there’s still plenty of project dollars out there if you know where to look.
| May 31, 2012
New School’s University Center in NYC topped out
16-story will provide new focal point for campus.
| May 31, 2012
Day & Zimmermann taps Jobe for ECM VP
Ken Jobe, a senior executive with 30+ years of industry-related experience, joins Day & Zimmermann to expand footprint in the process & industrial markets.
| May 31, 2012
Perkins+Will-designed engineering building at University of Buffalo opens
Clad in glass and copper-colored panels, the three-story building thrusts outward from the core of the campus to establish a new identity for the School of Engineering and Applied Sciences and the campus at large.
| May 30, 2012
Construction milestone reached for $1B expansion of San Diego International Airport
Components of the $9-million structural concrete construction phase included a 700-foot-long, below-grade baggage-handling tunnel; metal decks covered in poured-in-place concrete; slab-on-grade for the new terminal; and 10 exterior architectural columns––each 56-feet tall and erected at a 14-degree angle.
| May 30, 2012
Pringle Brandon in discussions to join forces with Perkins+Will
The London offices would be known as Pringle Brandon Perkins+Will.
| May 30, 2012
Boral Bricks announces winners of “Live.Work.Learn” student architecture contest
Eun Grace Ko, a student at the Ryerson University in Toronto, Canada, named winner of annual contest.
