Flaherty & Collins Breaks Ground on $65M Luxury Project

Blutowne will comprise 219 luxury units and 10,000 square feet of retail space. Rendering courtesy of Flaherty & Collins Properties

Flaherty & Collins Properties has broken ground on a $65 million mixed-use property in East Peoria, Ill. 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 and is slated for completion in the fall of the same year.

The community will comprise studio, one- and two-bedroom floorplans, with units averaging 898 square feet. Apartments will feature stainless steel appliances, washers and dryers, as well as private balconies. Common-area amenities will include a fitness center, saltwater pool with cabanas, rooftop sky lounge and bar, as well as 276 parking spaces, also available for visitors.

To be located at 501 W Washington St. at the corner of Clock Tower Boulevard and West Washington Street, the property is close to a host of dining and retail options, such as Target and Aldi. Fondulac Park is roughly 2 miles away. Part of the in Levee District, 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.

Earlier this year, Flaherty & Collins broke ground on another mixed-use luxury development in Cleveland Heights, Ohio, with the same completion date as Blutowne. The Marquee at Cedar Lee will create 204 residences and more than 8,500 square feet of retail space.