GSA Seeks to Exchange State Street Buildings for Renovation Work

GSA is committed to reducing the federal government’s real estate footprint by making more efficient use of federal properties and disposing of facilities that no longer meet the needs of our federal agencies. Pursuing a potential exchange for service follows the agency’s ongoing efforts in repurposing of under-utilized space and is an opportunity to partner with the development community to come up with innovative solutions for federal buildings.

The office buildings on State Street available for exchange through GSA's proposal.
The office buildings on State Street available for exchange through GSA’s proposal.

GSA recently issued a Request for Proposals (RFP) for four properties located at 202, 212, 214 and 220 S. State Street in the central business district of Chicago. These buildings were constructed between 1886 and 1920, and sit on a half-acre site. Three of the buildings are listed or eligible for listing on the National Register of Historic Places, as they contribute to the city’s Loop Retail Historic District.

This RFP will help GSA leverage the expertise of the real estate development community to find the optimal use for these historic buildings. This is a unique opportunity will allow developers to contribute to the economic development and further revitalization of the State Street commercial corridor. Through this RFP, GSA seeks to enter into an agreement to exchange the four properties to fund elevator improvements at the Ralph H. Metcalfe Federal Building and masonry repairs for the Federal Archives and Records Center.

The RFP, posted on FedBizOpps.gov, opened on July 8, 2015, and stakeholders have 90 days to submit their proposal.