No groundbreaking date set for luxurious East Peoria flats

[ad_1]

PEORIA (25 Information Now) – East Peoria is drawing nearer to beginning building on a multi-million, 200-plus unit condo complicated that would be the latest addition to the levy district.

Pandemic delays and provide chain points have stalled the venture, however East Peoria Director of Planning and Group Improvement Ty Livingston mentioned they’re trying to set a groundbreaking date for the autumn.

The complicated will value about $60 million {dollars}. the contracting firm will bear the brunt of the associated fee, the rest can be paid to Indianapolis-based Flaherty and Collins by East Peoria utilizing property taxes on the condo complicated.

The construction will occupy the empty grass lot simply north of City Corridor. A parking storage will join on to the complicated. For greenspace, the city is planning the Levee District park on the opposite facet of City Corridor.

The Levee District Space of East Peoria consists of a number of purchasing and strip malls. Convey residents in to the world is the subsequent step of improvement, Livingston mentioned.

“In our first part of that improvement it actually didn’t occur and so this is a chance so as to add that piece to the puzzle,” he mentioned, “having individuals stay right here actually reinvests within the funding that’s been made already.”

They hope to announce a groundbreaking date in the summertime after plans are finalized with the contracting firm.

Copyright 2022 WEEK. All rights reserved.

[ad_2]

Supply hyperlink