http://www.chicagobusiness.com/cgi-bin/mag/article.pl?articleId=30545
Ronald eyes downtown
By: Steven R. Strahler September 15, 2008
The
world's largest Ronald McDonald House is headed for Streeterville when Children's Memorial Hospital moves there in 2012.
The charity, operator of four Chicago-area Ronald McDonald facilities, plans a
$30-million center at 211 E. Grand Ave. to house families of severely ill children being treated at the new hospital and at the nearby Rehabilitation Institute of Chicago.
A
13-story, 90-room building in Streeterville will replace the Ronald McDonald House in Lincoln Park, which has been open since 1977. That building, a 21-room mansion, will be sold.
...The Ronald McDonald House would
replace a 120-year-old building whose demolition would require review by the city Planning and Development Department's landmarks division. The charity acquired the four-story building, the oldest commercial property in the area, for $5.45 million.
The seller, Aristotle Kornaros, a home health care entrepreneur, would own the ground floor of the new building and retain the rights to market that space to
retail tenants.