The McDonald’s Plaza office building, which served as the Oak Brook, Illinois-based former world headquarters to McDonald’s Corp. after being opened in 1971, has begun to be demolished, the Chicago Tribune reports.
A permit was issued Aug. 22 to Chicago-based Heneghan Wrecking Company Inc. to perform the demolition work.
Hines, a global real estate investment and development firm based in Houston, purchased the property for $24 million after McDonald’s moved its headquarters to Chicago in 2018.
The demolition, which is expected to take 1 ½ months, will make way for a $500 million multi-use development project that will include restaurants, retail and office space, condominiums and apartments, and green space.
According to Chicago Construction News, Heneghan Wrecking Company Inc. has already erected fencing, removed asbestos, and brought in heavy machinery.
The development of the multi-use project is scheduled to be completed in 2020.
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