The Real Deal Chicago

Chicago Cheat Sheet: Emanuel says Lincoln Yards will survive … & more

Also, Deerfield officials say village’s economy will endure after loss of Mondelez
By John O’Brien | January 09, 2019 05:00PM

Chicago Mayor Rahm Emanuel and a rendering of Sterling Bay’s soccer stadium (Credit: Getty Images)

Emanuel says Sterling Bay will revise Lincoln Yards plans

Even after Alderman Brian Hopkins rejected Sterling Bay’s plans for a soccer stadium and entertainment district at Lincoln Yards, Mayor Rahm Emanuel told Crain’s the project will survive. The mayor said he expects Sterling Bay to come back with revised plans in about two weeks, and ultimately thinks the project will become a reality. [Crain’s]

Deerfield will survive loss of Mondelez, officials vow

Deerfield officials said snack giant Mondelez International’s decision to move to Chicago’s Fulton Market neighborhood will have little economic impact on the village. Officials said Deerfield still is home to Walgreens, Caterpillar and Essendant, and Oracle plans to open a facility in town. [Deerfield Review]

Hoffman Estates deals with Sears uncertainty

Like Deerfield, Hoffman Estates officials said the village will weather the consequences if locally-based Sears ends up being liquidated. A final outcome on the struggling retailer’s bankruptcy could come as early as next week, but village officials said Sears only occupies a fourth of a commercial campus that it helped spearhead. [Daily Herald]

Lake in the Hills poised for big developments

Home decor retailer At Home’s new 84,000-square-foot store in a former Dominick’s grocery in Lake in the Hills is one of several big projects on tap for the village this year. Work is expected to continue on the Melody Living and The Heathers senior living projects, as well as a solar power farm on Lake in the Hills airport property by Cenergy Power. [Daily Herald]

Tech company inks O’Hare-area office lease

Duck Creek Technologies is moving into 18,000 square feet in One O’Hare Centre in Rosemont. The tech firm will take part of the fifth floor of the 12-story, 380,000-square-foot office building that MDC Realty Advisors and Nicola Crosby Real Estate bought in 2015 for $83 million. [Connect Media]