A $500 million redevelopment project would be big news in downtown Chicago. It’s even bigger news when it happens out in Oak Brook.
For over a year, Houston’s Hines has been wooing the west suburban village with plans for office space, retail space, a hotel, a few hundred new residences, and a shiny new park. After some modifications, yesterday the village board finally gave its stamp of approval to the project.
You may remember that McDonald’s bailed on DuPage County and moved to downtown Chicago last year, leaving behind its headquarters complex, now called Oak Brook Commons. The master plan for OBC was done by Antunovich Associates and includes 250ish hotel rooms, 250 apartments, and 104 condos.
Hines plans to put the condos in a pair of 182-foot-tall buildings on the 17-acre plot near Oakbrook Center. That means the 1972 McDonald’s Plaza building is destined for the dust bin. It remains to be seen if McDonald’s Drive, upon which this project sits, will be renamed, or if that tiny sliver of history will remain.