Old post office sells for $40 million - 8/27/09 - Chicago News - abc7chicago.com »

Posted By y_soitenly 3 months, 1 week ago in Business & Finance

Chicago's old main U.S. Post Office at 433 W. Van Buren St. was auctioned off on Thursday.

It's been vacant since 1995.

The building, which is 2.5 million square feet, straddles the Eisenhower expressway. It went up for auction on Thursday.

People in a Rosemont hotel conference room either had the money or represented someone with enough to buy an iconic Chicago property: the old main post office.

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y_soitenly

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    y_soitenly3 months, 1 week ago

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    FTA~

    The intensity and stress was palpable and visible as the bids escalated during a half hour of shouting, nods and anxious pauses.

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      y_soitenly3 months, 1 week ago

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      FTA~

      The highest bid was $40 million from bidder 0273.

      The winning bidder was International Property Developers North America Inc. They won't talk on camera and won't say exactly what their plans are, but in a statement the company says they want to restore the building to be a focal point of Chicago.

      Their statement also says: "The location, visibility and historical significance of the post office in the growth of Chicago as a world class center of transportation, commerce and tourism all dictate that we reenergize the property."

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        y_soitenly3 months, 1 week ago

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        In the Batman movie sequel, "The Dark Knight," moviegoers may have remembered scenes filmed inside the Gotham National Bank.

        The set also included a school bus that looks like it crashed into the building.

        All of those movie scenes were filmed inside and outside of this old main post office.

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