Greystar Real Estate Partners has started work on Caliber by Greystar, a three-building, Class A industrial park. The business park is the first element to break ground at Peoria Place, a $500 million mixed-use master plan in Peoria.

At build-out, Caliber will total 411,918 square feet of Class A product broken down as a 114,446-square-foot Building A, 122,863-square-foot Building B and 174,609-square-foot Building C, with Buildings A and B offering divisibility to serve a diversity of uses and tenant sizes.

Caliber is located along the US 60, at the southwest corner of 79^th and Grand avenues. It is part of the 88-acre Peoria Place, which is slated to include luxury apartments, build-to-rent single family homes, residential over retail, 20 acres of open space and the Caliber light industrial park.

Completion of Caliber is slated for Q2 2024. Greystar’s first residential projects at Peoria Place are expected to break ground this summer, with additional development to follow.