Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Oak Brook Village Board Okays MOB for McDonald’s Plaza Revamp
The Oak Brook Village Board of Trustees voted to approve a Planned Development Amendment application, clearing the way to build Oak Brook Commons Medical as part of Hines’ redevelopment of the former McDonald’s Plaza site. The seven-story, 78,000 square foot outpatient facility will be developed by MedProperties Group.
“Our team at MedProperties Group knew that the Oak Brook area was underserved in terms of healthcare services, so we approached Hines with the idea of adding an MOB to the site,” said MedProperties CEO Matthew J. Campbell.
Greg Van Schaack, senior managing director of Hines, said the MOB project wasn’t included in the plan adopted by the Village Board in May 2019. “We presented a revised proposal to the Village of Oak Brook to make one of the planned condo buildings larger and develop an MOB at another site that had been earmarked for more condos,” he said.
For comments, questions or concerns, please contact Paul Bubny
- ◦Development