Old Post Office Renovations To Start Next Year

The long renovation of Chicago's "incredible hulk," the old Chicago post office that spans the Eisenhower Expy., should start later next year, with office tenants probably the first new users in the space a couple of years after that, a developer of the project said Thursday.

Thomas Omundson, president of the Omundson Co., said he expects interior work to start a few months after city officials approve a contract for a $51 million subsidy for the project. Omundson is an investor in the deal with Chicago's Walton Street Capital.

Their proposal might be subtitled "Shrink to Conquer." It would reduce the size of the 2.5 million-square-foot structure by about a third, taking out most of the large, dark floors that cross the Ike as it becomes Congress Pkwy. The developers would renovate the building's north and south ends for offices and condominiums, respectively.

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