November 5, 2024 2:29 pm
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Peoria and development firm inch closer to office complex

By Philip Haldiman | Independent Newsmedia

Peoria and the Plaza Del Rio Management Corp. are a step closer to bringing a commercial office complex to a 14-acre property at the Loop 101 and Peoria Avenue.

The city council approved a ground lease for the Peoria-based firm

to develop the city-owned land.

Plaza Del Rio Management Corp. will design the parcel with the intent attract new business to the community.

The preliminary proposal includes three two-story office buildings ranging from 55,000 to 60,000 square feet. Amenities will be determined as the tenants and their requirements are negotiated with Plaza.

Continued:

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