Region 5 Newsroom
GSA's Great Lakes Region Public Affairs Office, located in Chicago, issues media releases and advisories to provide the public with important information on GSA projects and activities within the six states of Illinois, Indiana, Michigan, Minnesota, Ohio, and Wisconsin.
CA Ventures Selected to Purchase, Redevelop GSA-Owned State Street Properties
City of Chicago helps mediate request for proposal
June 1, 2017
CHICAGO, IL – Mayor Rahm Emanuel has announced selection of CA Ventures to purchase and redevelop four currently-owned GSA buildings located on Chicago’s State Street (view press release - external site).
The $141 million project proposes converting the vacant, 100-year-old structures at 202-220 S. State St. into “micro,” studio, and one-bedroom apartments. CA Ventures has offered to acquire the buildings for $10.38 million in answer to a Request for Proposal initiated by the Chicago Department of Planning and Development for GSA last spring. The offer price and sale terms require review and approval by GSA and the Chicago City Council and are expected to be finalized later this summer.
“This transaction provides an important opportunity for GSA to find new uses for properties that are no longer critical to the federal government’s needs," said John Cooke, Acting Regional Administrator for GSA’s Great Lakes Region. "It will make better use of these real estate assets and help the City of Chicago continue to revitalize the State Street corridor.”
Located next to the Dirksen U.S. Courthouse, the buildings were acquired by the federal government in 2007 as part of a planned federal center expansion, which never materialized.
News Around the Region
Four Historic Michigan Lighthouses for Sale Via Online Auction
If you'd like to own a historic Michigan lighthouse, four more are now for sale via public online auction at realestatesales.gov.
The following offshore lighthouses are available for public sale starting July 26, 2017:
- Detroit River Light (1855), a 55-foot light marking the entrance to the Detroit River approximately two miles offshore in Lake Erie
- Fourteen Foot Shoal Light (1929), a 36-foot light, painted white with red lantern roof, located at the northern end of Lake Huron, marking a narrow, 14-foot-deep passage ships must navigate to Lake Michigan
- Lansing Shoal Light (1928), a 69-foot square masonry light sitting on a square concrete basement atop a stone filler crib and located 11 miles north of Beaver Island, Michigan, aiding ships navigating the Straits of Mackinac
- Poe Reef Light (1929) a 71-foot light, painted white with black markings and a red lantern-room roof, located in Lake Huron and working in tandem with Fourteen Foot Shoal Light to mark a shallow reef for ships heading west to Lake Michigan
Interested bidders will need to complete an online registration form and submit a registration deposit. Information can be found on realestatesales.gov. These lighthouses occupy Great Lakes Public Trust bottomlands owned by the state of Michigan. The state will require any purchaser to enter into a Private Use Agreement for lease of bottomlands prior to any use or occupancy of the lighthouse. The lighthouses will also serve as an active aid to navigation, which will remain the personal property of the U.S. Coast Guard.