Proposed Development Moving Forward as Old Building at Canal and Taylor is Being Demolished?

Back in late January news spread that a big new retail development was coming to the corner of Canal and Taylor (across the street from the Whole Foods, Marshal's, DSW, etc).  The article didn't say much about timing, but judging by the image above, maybe pictures speak louder than words.

Furthermore, a reader sent us this earlier in the week:

Was at the Panera on Canal/Roosevelt overlooking the area being torn down when a woman began asking me if I lived nearby, how busy was it at lunch time and what businesses were in the area... I answered all fairly confidently and then asked her about the interesting line of questioning to which she responded she was from Potbelly and they were looking at opening across the street (where the demolition is taking place). 

She then sat down with a colleague and one other person (who I take to be a developer) for a discussion about the development. The developer guy began rattling off a list of interested parties as well as those who had signed on and I was able to overhear a handful... They included Banana Republic Outlet, Ulta 3, Chick Fil-a, Container Store, Ross, Pier 1, Dicks Sporting Goods, REI and Butcher Burger... 

Obviously I have no way to confirm this, I'm not in development or work for any of the companies but since I overheard it I thought I'd pass it along to you all to see if you could dig anything up. If all, or even some, of the list are true it could be quite a development for the Roosevelt shopping corridor especially when added to the businesses going in over by Icon.

If this is true, it would be pretty exciting.  Regardless, officially the status of the project still remains unclear.  Does anyone know anything about this?

For those interested, here is arendering of the new proposed development coming to this space:

Image from Chicago Real Estate Daily

(Hat tip: AM!)