Plans for the renovation also include a mix of retail, office, residential and hotel space.

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However, USPS is running behind the Office of Management and Budget's schedule for system renovation, according to Jack Brock Jr.

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At every office we move into, part of the deal is that we keep the renovation and furniture from the previous tenants.

FORBES

At the end of 2008, Mr. Marks, chairman of Los Angeles-based Oaktree Capital Management, and his wife Nancy completed a seven-year renovation of the property with Michael Smith, the designer who redid the White House Oval Office a few years ago, according to someone familiar with the designer.

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