diff --git a/gyp/pylib/gyp/generator/make.py b/gyp/pylib/gyp/generator/make.py
index 9d42463e1c..26cf88cccf 100644
--- a/gyp/pylib/gyp/generator/make.py
+++ b/gyp/pylib/gyp/generator/make.py
@@ -1949,6 +1949,13 @@ def ExpandInputRoot(self, template, expansion, dirname):
 
   def _InstallableTargetInstallPath(self):
     """Returns the location of the final output for an installable target."""
+    # Xcode puts shared_library results into PRODUCT_DIR, and some gyp files
+    # rely on this. Emulate this behavior for mac.
+    if (self.type == 'shared_library' and
+        (self.flavor != 'mac' or self.toolset != 'target')):
+      # Install all shared libs into a common directory (per toolset) for
+      # convenient access with LD_LIBRARY_PATH.
+      return '$(builddir)/lib.%s/%s' % (self.toolset, self.alias)
     return '$(builddir)/' + self.alias