An Updated Look at the West Loop Condos Proposed Near the New McDonald’s Headquarters

Posted by Helaine Cohen on Saturday, October 1st, 2016 at 9:28am.

More than 50 luxury condos could be going in next door to the new McDonald’s Headquarters in the West Loop under a proposal just unveiled to nearby neighbors. The two, nearly identical buildings are slated for 19 N May Street and 1111 W Washington Boulevard as the massive McDonald’s corporate headquarters is going in where Oprah’s Harpo TV Studios once stood. 

The idea of the residential project is to bring more family-style, multi-bedroom condos to the West Loop, something neighbors have been asking for given the already existing supply of smaller rentals in the area with limited parking. This proposal consists of two parking spaces per condo unit, with the condos priced up to $500 per square foot.

In all, the proposal calls for each of the residential structures to stand nine-stories, with 28-units each. Developers hope to start on the Washington building first, beginning in spring of 2017 with up to an 18-month construction period anticipated. Construction on 19 N May Street building will begin later to give the commercial tenants in the area time to move their businesses from the location.

Helaine Cohen, Chicago Real Estate Broker

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