The Chicago Department of Planning and Development (DPD) requests the submission of proposals from qualified master developer teams to purchase and redevelop federally owned commercial structures at 202, 212, 214 and 220 S. State St.
|Located in the Loop Retail Historic District, the buildings are being made available for redevelopment through the cooperation of the City of Chicago and the United States government, which acquired the 20,700-square-foot site in 2007. The buildings are currently vacant and being maintained by the General Services Administration (GSA).
Federal statutes provide for the GSA to sell real estate directly to a local government. The Department of Planning and Development intends to coordinate the buildings sale as an intermediary to a private development entity according to the goals of the RFP.
The property includes:
202 S. State St.
Designed by Holabird & Roche and completed in 1915, the 16-story Century Building has 68,200-square feet of commercial space. Proposals to renovate the building are required.
212 S. State St.
The three-story, 11,499-square-foot John R. Marshall Co. building opened in 1920. The architect was Marshall & Fox.
214 S. State St.
The six-story, 7,200-square-foot structure opened in 1886. Its architect is unknown. Proposals should maintain its historic storefront at a minimum.
220 S. State St.
Designed by Jenny, Mundie & Jensen and completed in 1913, the 22-story Consumers Building has 198,400 square feet of commercial space. Proposals to renovate the building are required.General Address: 202-220 S. State St., Chicago, Illinois, 60604
Goals and Objectives: DPD's primary goal is redevelopment of the site, beginning with the renovation and reuse of the two towers that contribute to the Loop Retail Historic District. Other objectives include enlivening the pedestrian experience and providing uses that enhance the vitality of the promenade.
Alderman and Ward: Ald. Brendan Reilly (42nd)
Ownership: The United States Federal Government owns the buildings. Once a project is a selected, the property will be transferred to the City and then directly to the chosen developer in a three-way transaction.
Zoning: DX-16, downtown mixed-use.
Purchase Price: Fair market value.
|DOWNLOAD THE RFP:||KEY DATES:
RFP Release: Monday, March 20, 2017
Site Inspection: By appointment with the GSA
Response Due Date: Monday, May 1, 2017
Respondent Interviews: TBD
Developer Selection: Wednesday, May 24, 2017