$151.3 Million Non-Performing Office Loan | Chicago, IL
70.771 m²
The U.S. General Services Administration's (“GSA") Public Buildings Service (“PBS”) Great Lakes Region 5 ("PBS R5") is pleased to issue this Request for Qualifications ("RFQ") for the redevelopment of the State Street Properties buildings and land (referred to herein as the “Properties” or “Project”), a collection of properties listed in the National Register of Historic Places and located at 202, 208-212, 214 & 220 South State Street, Chicago, Illinois, under the jurisdiction, custody, and control of GSA.
This redevelopment of the Properties offers a unique opportunity to redevelop federally owned property through Section 111 of the National Historic Preservation Act of 1966 (“NHPA”). Section 111 of the NHPA gives Federal agencies broad authority to use and lease historic properties to keep underutilized historic buildings occupied and financially viable. Section 111 allows Federal agencies to out-lease any underutilized historic property owned by the agency, including portions of historic properties.
208-212 South State Street has been demolished and is now a vacant lot.
Submissions must be received no later than 3 pm CST on January 31, 2025.
https://www.gsastatestreetrfq.com/
RFQ Broker Representatives
Brian Carroll
Ed Chatmon