USPS sold Chicago’s Old MPO for $24 million, may be worth $150 million | Save the Post Office

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In 2009, the Postal Service sold the historic Old Main Post Office in Chicago to British real estate developer Bill Davies for $24 million.  A couple of years later, the Postal Service also sold Davies the postal annex to the east of the MPO for $14 million.  After scuttling plans to develop the property with twin towers, Davies put it up for sale late last year.  In December 2014, Chicago-based Sterling Bay offered to buy the building for $150 million, but Davies rejected the offer.

Source: USPS sold Chicago’s Old MPO for $24 million, may be worth $150 million | Save the Post Office

On a personal note, I clearly remember the awe of this place from when I was a child, growing up in Chicago.  The Eisenhower expressway goes under the building, coming out on Congress Parkway on the other side.

Written by Lisa.Bowes

September 22nd, 2015 at 8:23 pm

Posted in USPS

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