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

Also, Deerfield officials say village’s economy will endure after loss of Mondelez

Jan.January 09, 2019 05:00 PM

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]

Related Articles

One Lincoln Centre and Balfour Pacific CEO Mark Scott (Credit: Google Maps, iStock)

Blackstone unloads large office complex at slight discount

Golub & Company’s Michael Newman, Prairie Shores at 2851 South King Drive, and Farpoint Development’s Scott Goodman

Farpoint, Golub close on massive Bronzeville resi complex

905 West Fulton Market and DineAmic founders David Rekhson and Lucas Stoioff (Credit: Thor Equities)

Prime & Provisions owner inks lease for new restaurant in Fulton Market

From left: 403 North Wabash Avenue, 2238 North Magnolia Avenue and 1428 West George Street (Credit: Redfin, Realtor)

Here are the priciest resi sales in Chicago this week

Thor Equities CEO Joe Sitt and a rendering of 800 West Fulton Market (Credit: SOM)

Thor Equities lands $144M construction loan for new tower

Flexport CEO Ryan Petersen and 333 N. Green Street (Credit: Getty Images, Sterling Bay)

Sterling Bay inks tech firm to latest lease at Fulton Market HQ

Chicago Skyline (Credit: iStock)

Windy City’s real estate blown away by other cities

Onni Group president Rossano de Cotiis and a rendering of 369 West Grand Avenue (Credit: Brininstool+Lynch)

Onni Group lands big loan for 41-story River North tower