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Business

Uber confirms huge lease agreements for Old Post Office




New York-based developer 601W overhauls the long vacant property with a $ 800 million redevelopment to transform it into a modern office building.

Uber will officially take over the space on January 5, 2020, with remodeling work beginning in early spring.

Uber says it started looking at places in Chicago last fall. The company says it was attracted to the old post office because of its facilities, location, area developments and its location in Chicago's history.

"Uber is excited to deepen its roots in Chicago," Uber spokeswoman Kelley Quinn said in a statement. “The city continues to attract the best talent that Uber needs to continue to thrive, and we are still committed to working together to make a positive impact in the local community. This is just the first of several announcements to be made over the coming weeks that we look forward to sharing with the people of Chicago. "

Uber has offices at 1[ads1]11 N. Canal St., as well as its Uber Freight transportation business. Headquarters at 225 W. Randolph St.

CBRE Brokers Paul Reaumond and Ian Murphy represented Uber in the lease.



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