Lovett is expected to develop a mixed-use project with retail, residential and office on the property at 401 Franklin St.
“This is one of the most important tracts in the City of Houston,” said Ann Taylor, executive director of Urban Land Institute (ULI) Houston.
The post office was built in 1962 and has 517,000 sf of buildings, including a five-story office building that may be redeveloped into office space or lofts.
CBRE represented the U.S. Postal Service, which has closed the downtown facility as part of an overall effort to liquidate underused real estate.
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