What's Going On With the Building Restoration at 21st and Calumet?

A reader writes:

Do you all happen to know anything about this building restoration? It’s the building on 21st and Calumet.

While we're not 100% sure, the last we heard on the subject was something we read in the Chicago Tribune awhile back:

A collaboration between the city, DePaul University and McPier aims to redevelop the historic Motor Row district into an entertainment destination. The project has been approved and will include a new 10,000-seat basketball arena for DePaul, the 1,200-room Marriott Marquis hotel at Cermak and Prairie Avenue, the rehabilitation of the American Book Co. building into meeting rooms and retail, and an additional data center.

We also found this article from the Chicago Architecture website that seems to corroborate this.

This area has seen a lot of activity recently and we're curious to see how it continues to grow.  Does anyone know if this is indeed the plan or if the plan has shifted?

(Hat tip:  JB!)