Friday, September 6, 2019

PepsiCo & WeWork Looking to Secure Space at Old Post Office

And the momentum appears to be continuing for the Old Post Office (via Tribune):
Another 320,000 square feet of office space is being gobbled up at The Old Post Office redevelopment, continuing a run of big leases in the long-vacant structure that will become one of Chicago’s largest office properties when it opens in October.
PepsiCo is in advanced talks to move into about 200,000 square feet in the 2.8 million-square-foot building along the Chicago River, according to sources. Meanwhile, WeWork is zeroing in on a lease of about 120,000 square feet, the sources said.
The leases are not finalized and could still fall apart.

If this happen it would join Uber, Walgreens, CBOE, Cisco Systems, Ferrara Candy, the Federal Home Loan Bank of Chicago, AbelsonTaylor and Home Chef as other businesses who are also coming to the neighborhood.

While some may question why this is relevant to the Sloop, it would likely bring increased development and action to the north west side of the neighborhood.

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