The postal service has hired the Staubach Co. to evaluate possibilities, such as redeveloping the site or moving to a different location, says Jeffrey Gittelman, SVP with Staubach. The postal service has occupied the entire building since it was constructed. The building, which is two stories with parking below ground level, is mainly used as a sorting facility with a retail counter and post office boxes, Gittelman says.
The building primarily serves the 60610 and 60611 zip codes, he says. A public hearing is being held Jan. 30 at the station for public input. After the meeting, there will be a 30-day period for people to submit comments and, then, Staubach will seek proposals for the redevelopment of the property. The earliest the request for proposals would be released is March 1, he tells GlobeSt.com.
Gittelman says it is too early to discuss whether a new facility would still house both the retail and distribution components; although, the post office wants to keep retail services in the area. There has been a desire mentioned by the city for the land to become open space, he says. The postal service will have to relocate, at least temporarily, while the site is being redeveloped. They will have to decide whether they are relocating temporarily and then returning to the redeveloped site or relocating permanently to a different location, Gittelman says.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.