McDonald's moves to Chicago
The biggest hamburger chain is moving back to the beautiful city of Chicago. This time, it plans to take over what used to be one of Chicago’s main attractions: Harpo Studios. Mcdonald’s, which was previously based in Chicago from 1955 to 1971, signed a lease to trade the suburbs for the downtown city life, again. The move will take place in 2018.
Harpo Studios, which housed the Oprah Winfrey Show until 2011, sold the site to developers for more than $30 million, in 2014, as reported by Fox 32. Mcdonald’s Corp. CEO Steve Easterbrook hopes that this move will entice talented, young people who are more interested in living in urban areas. “great talent is excited about where they work” (Fox 32).
Urban life, becoming more favorable than city life, started with the parent of United Airlines relocating to downtown Chicago, from Elk Grove, IL, in 2010, said Steve Stratton, international director of JLL, a commercial real estate services company.
"It's a race for talent", said Stratton, in regards to the more urban areas appealing to younger people because of access to public transportation
According to Fox 32, this will place McDonald's into Chicago's West Loop neighborhood.