Downtown post office sold to Chicago developers; redevelopment in the works
MILWAUKEE — FOX6′s media partners at the Milwaukee Business Journal are reporting that two Chicago investors on October 9th bought the downtown Milwaukee U.S. Postal Service building and plan a long-term redevelopment that could include a grocery store, other retail, offices and housing.
Matt Garrison, managing principal of R2 Cos., said the roughly 1-million-square-foot building on West St. Paul Avenue is among the “largest, most meaningful redevelopment sites in Milwaukee.”
Besides renovating the current building, the new owners could build 900,000 square feet of new space on neighboring vacant land, or in a vertical expansion, he said
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