McDonald‘s Unveils $250 Million Headquarters in Chicago

McDonald’s unveiled its new $250 million nine-story corporate headquarter building in downtown Chicago last week that features its very own McDonald’s restaurant, a Hamburger University where the company trains its managers, test kitchens and work neighborhoods for employees to choose which environment suits them best,

The move was made, in part, to attract top talent and adjust to modern-day trends.

“We firmly believe that part of the importance of the move downtown is that it gets us closer to our customers, it gets us closer to competition, it gets us closer to the trends that are shaping the future of society,” Steve Easterbrook said at the opening.

The move comes is planning a new round of layoffs to flatten out its management structure further.

The company moved from the suburb of Oak Brook in Illinois after 47 years at that location. The new building, located in Chicago’s West Loop, has 300 conference rooms – including one large enough for 700 people – a fitness center, several outdoor terraces with city views, an on-site IT Tech Bar similar to Apple’s Genius Bar, and a flagship McDonald’s restaurant offering menu items from around the world.

The site once housed Oprah Winfrey’s Harpo Studios. McDonald’s was headquartered in Chicago from 1955 to 1971 before moving to Oakbrook.

“I want to say to the 2,000 employees at McDonald’s, Welcome home….Now that you’re here, we’re not letting you go ever again,” Mayor Rahm Emanuel told the crowd.