Dec
17

Guess Where the World’s Largest Ronald McDonald House is Going to be Built

December 17, 2010

The World’s Largest Ronald McDonald House is going to be located right here in the Streeterville neighborhood of Chicago.

Fifth Third Bank today announced it was selected over several other financial institutions to provide financing for the development of the House, which will be located at 211 East Grand Avenue.

The World's Largest Ronald McDonald House will be built in Chicago.

The new House will be a “home-away-from home” for families of hospitalized children receiving treatment at the new Lurie Children’s, the Rehabilitation Institute of Chicago, Prentice Women’s Hospital and Northwestern Memorial Hospital.

The House will include:

*14 stories

*86 guest rooms

*A rooftop healing deck

*Kitchen filled with home-cooked meals

*24-hour Internet and resource center

*A chapel

*Two outdoor dining patios overlooking Grand Street

*Each family will have a private pantry

The $30-million project will become possible thanks $18 million raised by the charity along with a construction draw line-of-credit of up to $23 million from the bank.

Fifth Third Bank and Ronald McDonald House Charities executives meet for the real estate closing of the World's Largest Ronald McDonald House.

Fifth Third Bank has been connected to this group for years. It has sponsored the Ronald McDonald House Charities of Chicagoland and Northwest Indiana scholarship program for high school students pursuing college educations, and bank commercial and retail personnel frequently volunteer preparing and serving meals to families at the four area Ronald McDonald Homes in Chicago.

“This great story is a wonderful example of how Fifth Third Bank works in partnership with clients, to serve families and make neighborhoods better places, while handling their banking and financial needs,” said Laura Shallow, FTCH, Vice President and Senior Relationship Manager of the Public Funds Group.

Construction is expected to begin in February 2011, and the House should open in mid 2012.

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