What happened to the Chicago post office?
In December 2014, Davies canceled the project and put the post office building up for sale. After sitting vacant for nearly two decades, the building was bought in 2014 by English real estate developer Bill Davies for $24 million at auction.
What companies are in the Old Post Office Chicago?
Since November 2019, companies such as Cisco Systems, CoinFlip, PepsiCo, Home Chef and Walgreens have taken up office and retail space in the iconic building. It is more than 90% leased, according to Jamey Dix, principal of leasing firm the Telos Group. Cisco Systems is among the tenants at the Old Post Office.
Can you tour the Old Post Office Chicago?
Accessibility: The tour route requires slightly less than a mile of walking and requires use of an escalator or elevator. Advance reservations required. Tickets go off sale at 4pm the day prior. Your safety is our priority.
How big is the old post office in Chicago?
2.5M SF
Today, the property boasts over 2.5M SF of stunning multi-use office and event space, and is poised to once again become the central hub of Chicago’s business community. The next chapter of The Old Post Office has only begun.
Who bought the Chicago post office?
The Old Post Office’s revival began in May 2016, when 601W completed a $130 million purchase from Bill Davies, in a deal that closed days after the eccentric Englishman died. 601W began gutting the structure, and the project received a huge boost in June 2018 when Walgreens confirmed it signed the first lease.
Who owns the post office building?
Although it is owned entirely by the United States Government, the USPS functions as if it were a private corporation. It is run by an 11-member Board of Governors appointed by the President and confirmed by the U.S. Senate, with one member — the Postmaster General — acting as the Chief Executive Officer.
Who bought Chicago USPS?
Who owns USPS Chicago?
In 2016, it was purchased by 601 West Companies.
What is the average pension for a U.S. postal worker?
As an example of USPS retirement under CSRS, a postal worker with a high-3 average of around $60,000 and 20 years of service earns $1,824 a month without any deductions. That equals about $22,000 annually. A worker with the same salary and 40 years of service earns $3,837 monthly, or about $46,000 annually.
Do mail carriers pay for their own gas?
A rural route can be a government owned vehicle (GOV) route where the Postal Service provides the delivery vehicle, or an equipment maintenance allowance (EMA) route where the carrier provides the vehicle and receives fuel and maintenance reimbursement.
How many years does it take to retire from the Post Office?
How Many Years Do You Have to Work for the Post Office to Retire? To be eligible for retirement annuities, a federal worker must have at least 5 years of creditable civilian service and 20 years of service.
What age do postal workers retire?
65
The standard age for retirement at the USPS is 65, and there are retirement plans placed under both Federal Employment Retirement System (FERS) and Civil Service Retirement System (CSRS) depending on whether service life began before or after 1984.
Where is the Old Main Post Office in Chicago?
Old Main Post Office over Ida B. Wells Drive. The Old Chicago Main Post Office is a nine-story-tall building in downtown Chicago.
Is the redevelopment of Chicago’s post office a win-win for downtown?
Alderman Danny Solis (25th Ward) also believes that the redevelopment of the long-shuttered complex is a major achievement for his ward and the city’s downtown by wrapping a number of important elements, such as historic preservation, new office space, and riverfront access into one. “The post office is a win-win situation,” Solis says.
What happened to the old post office?
“The Old Post Office is a once-in-a-lifetime building,” said Telos president and CEO Brian Whiting in a statement. “The sheer scale of this building, spanning three city blocks, allowed us to do what almost no other building can do in terms of amenities.”
Who’s designing the new Old Main Post Office?
Leading the design efforts is the Chicago office of global architecture firm Gensler, whose experience in major adaptive reuse projects and years of prior research and design work specifically related to the Old Main Post Office helped them secure the job.