Flaherty & Collins Building $65M East Peoria Luxury Community

Flaherty & Collins Properties broke ground on a $65 million mixed-use property in East Peoria, Illinois. Blutowne will feature 219 luxury apartments as well as 10,000 square feet of commercial space. The development will be open for residents and commercial tenants in spring 2025. The community will feature studio, one- and two-bedroom floorplans, with common area amenities, a fitness center, and a rooftop sky lounge.

Located at 501 W Washington Street, the property is close to Fondulac Park, as well as restaurants and retail locations such as Target and Aldi. Blutowne has a live-work-play design that will provide a walkable commercial and residential element to the city, according to Jullie Collier, vice president of development at Flaherty & Collins.

Based in Indianapolis, Flaherty & Collins is a Midwest developer of multifamily projects and the firm also started construction on another mixed-use luxury development in Cleveland Heights, Ohio, earlier this year. The Marquee at Cedar Lee will create 204 residences and more than 8,500 square feet of retail space.