In spring of 2013, Antunovich Associates, who purchased the site three years ago, created a new proposal on the site featuring a 1000-foot skyscraper (with a 2,000 foot tower in their 2nd phase). Other potential uses include a casino and/or entertainment complex. On June 18, 2014, Bill Davies announced the formation of a $500 million joint venture with Sterling Bay Companies for phase I of the redevelopment. On July 18, Sterling announced a new relationship with J.P. Morgan Asset Management, which gave them access to new financial resources. However, Davies never found sufficient financing. In December 2014, Davies canceled the project and put the post office building up for sale.