Hines Interests wants to bring a sprawling mixed-use development to the site of a former McDonald’s office building in suburban Oak Brook.
The Houston-based real estate investor and developer presented Oak Brook village officials with its vision for the 16.5-acre Oak Brook Commons on the north side of 22nd Street at Spring Road, according to local news site The Doings.
Plans call for up to 280 apartments and nearly 100 condominiums, two buildings totaling 300,000 square feet of office space and a 250-key high-end hotel. The development would also include park space.
Hines wants to tear down a McDonald’s office building on the property north of the Reagan Memorial Tollway near the Oakbrook Center mall.
McDonald’s has hired JLL to sell its Oak Brook properties now that it’s moved its headquarters to Chicago’s Fulton Market neighborhood. The complex that most recently housed the actual corporate headquarters, a separate Oak Brook site on 74 acres south of the tollway, is still for sale.
In Chicago, Hines is behind the River Point office tower at 444 West Lake Street and the ongoing three-tower Wolf Point development across the river. It’s also part of the Lincoln Common project to redevelop the site of the old Children’s Memorial Hospital in Lincoln Park. [The Doings] — John O’Brien