“The Old Post Office sat vacant for two decades, but in the largest historical redevelopment in the nation, the building, erected in 1921 and spanning three city blocks, is now a thriving work hub.
“Nearly $1 billion has been spent restoring, replacing, replicating and cleaning significant architectural features and readying the 2.8 million-square-foot limestone structure to accept new tenants.
“The unprecedented overhaul was spearheaded by developer 601W Cos. in conjunction with design giant Gensler and general contractor Bear Construction, along with historical consultants, preservation experts and civil engineers.
“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.
“Ferrara Candy was one of the earliest tenants to plant headquarters in November 2019. “It is obviously a very attractive place to bring prospective employees,” said Abbye Lakin, senior manager, corporate affairs, at Ferrara. “When we announced our move to the Post Office, we saw an increase in applications across the board.” The firm intentionally kept some of the historical features in their space, such as original scales and a package mail chute, while incorporating one of its iconic copper drums used to pan candy into the design.
“Cboe Global Markets was another early tenant. Its headquarters spreads across two adjacent structures with sculptural staircases connecting the spaces and invigorating movement throughout. At each staircase, massive, two-story murals attract attention, while rolling tickers create a sense of buzz. Cboe proudly displays its history with signature pieces, including historic trading jackets and cables symbolizing the technology and energy that fuel options trading. “The dynamic space inspires us all to be more creative, collaborative and innovative in everything we do,” said Marc Magrini, vice president, administration.
“For all occupants, amenities such as a concierge, 3½-acre rooftop park, rooftop bars, a stunning tenant lounge, expansive fitness center and event space were huge draws.
“‘Tenants in the Old Post Office enjoy some of the best amenities of any office building in Chicago,’ said Dix. ‘Paired with the location, historic redevelopment and impressive tenant roster, these are some of the best things about the Old Post Office.’ (Naumovski, Crain’s Chicago Business, 10/14/21)
Read the full story with photos at Crain’s Chicago Business
The Old Post Office: Best reuse of a historic building, As part of our Coolest Offices 2021, we spotlight the largest historical redevelopment in the nation, a building erected in 1921 and spanning three city blocks, Zlata Kozul Naumovski, Crain’s Chicago Business, 10/14/21