It would also have included two 60-story residential towers as well as a 40-story hotel. The plan included several towers, the tallest one being a proposed 120-story mixed use twin tower skyscraper to stand about 2,000 feet (610 m) high to the roof, which would have made it the tallest building in the United States, over 500 feet (150 m) taller than the Willis Tower, containing office, residential, and hotel space. The Old Chicago Main Post Office Redevelopment was an approved 20-acre (81,000 m 2) project on a lot located along the Chicago River on the southwest side of Downtown Chicago, Illinois to be constructed in phases over a period of one decade that would have included the renovation of the building as well as residential, retail, entertainment and office space. Main article: Old Chicago Main Post Office Twin Towers Old Chicago Main Post Office Phase II While Davies missed an Octodeadline to close the deal, he finally acquired the building on October 21, 2009, paying about $17 million. The buyer was reported to be English real estate developer Bill Davies. Held on August 27 and conducted by Rick Levin & Associates Inc., the auction raised $40 million, which was well over the opening bid of $300,000. On June 9, 2009, the Chicago Sun-Times reported that the postal service was placing the post office on the auction block. Ī February 2006 report by the General Accounting Office stated that it cost the government $2 million a year to maintain the retired building. The building was listed on the National Register of Historic Places in 2001. In 1997, the old building was vacated in favor of the new, modernized facility. With Chicago rated worst in postal deliveries, a new Main Post Office to be located right across Harrison Street was proposed. (Montgomery Ward, which became the largest retailer in the United States in the late 1930s, was eventually passed by Sears, and then was purchased and merged.) In 1966 the Main Chicago Post Office came to a halt when a logjam of 10 million pieces of mail clogged the system for nearly a week. Competitors Montgomery Ward and Sears combined to make Chicago "the nation's mail-order capital". Its footprint, as initially designed, would have blocked the proposed Congress Parkway extension as a compromise, a hole for the Parkway was reserved in the base of the Post Office and utilized twenty years later.
Major expansion in 1932 added a total of nine floors for more than 60 acres (24 ha), or 2.5 million square feet (230,000 m²), of floorspace. The original 1922 structure was a brick-sided mail terminal building, sited just east of the main building that spans the Eisenhower Expressway as it turns into Ida B.
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