Flaherty & Collins Breaks Ground on $65M Luxury Apartment Complex in East Peoria, Illinois

EAST PEORIA, ILL. — Flaherty & Collins Properties has broken ground on Blutowne, a $65 million luxury apartment community in the Levee District of East Peoria, a city in central Illinois. The project includes two multifamily buildings that will be centrally located near the municipal building and public library. Plans call for 219 units, 10,000 square feet of commercial space and 276 parking spaces. Merchants Bank of Indiana provided financing for the project, which will be situated at 501 E. Washington St. Units will come in studio, one- and two-bedroom floor plans, with the average unit size being 898 square feet. Amenities will include a fitness facility, meeting space, saltwater pool and rooftop lounge. Flaherty & Collins expects to welcome the first residential and commercial tenants in spring 2025. The full build-out is slated for completion in fall 2025.