What is the latest status of the project “East Peoria Multifamily Conversion”?

The status recorded for “East Peoria Multifamily Conversion” is planned.

What is the budget and commercial profile for the project “East Peoria Multifamily Conversion”?

Taiyo normalizes the budget of “East Peoria Multifamily Conversion” to USD 15900000.

Where can I verify the source and access all details for “East Peoria Multifamily Conversion”?

This Taiyo project page references citybiz along with the original URL (https://www.citybiz.co/article/852355/eastern-union-arranges-15-9m-financing-for-east-peoria-multifamily-conversion/). Taiyo standardizes official data into a consistent, searchable project profile.

East Peoria Multifamily Conversion

Sector: Commercial • Location: East Peoria, Illinois, United States

Source: citybiz

Project

Planned

Conversion of a vacant assisted living facility at 500 Centennial Drive, East Peoria, Illinois, into a 246-unit market-rate multifamily property. The redevelopment includes extensive interior and infrastructure upgrades such as new kitchen appliances, cabinet and countertop replacements, HVAC improvements, and amenity enhancements including a swimming pool.

Status: Prospective
Sector: Commercial, Residential
Location: East Peoria, Illinois, United States of America
Updated: 22 Jul 2026
Source: citybiz

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Project Information

4 Q

The project “East Peoria Multifamily Conversion” is an infrastructure initiative in the Commercial sector, located in East Peoria, Illinois, United States. Taiyo aggregates data on it from citybiz.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Conversion of a vacant assisted living facility at 500 Centennial Drive, East Peoria, Illinois, into a 246-unit market-rate multifamily property. The redevelopment includes extensive interior and infrastructure upgrades such as new kitchen appliances, cabinet and countertop replacements, HVAC improvements, and amenity enhancements including a swimming pool.
Original sector	Commercial Real Estate
Budget

Location

Country	United States of America (USA)
State	Illinois
City	East Peoria

Source

Source	citybiz
URL

More Details

Record type	Project
Sector	Commercial, Residential
Article published date	2026-05-31

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East Peoria Multifamily Conversion

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