downtown Peoria, Illinois. The project will renovate the historic
Madison Theater into a premium entertainment venue for the
performing arts. On either side, the developer will build 10-12
story buildings that will include a new hotel, apartments, and first
class retail and office space. The top floor of one building will be
premium banquet and meeting space with tremendous views of
the Illinois River Valley. The complex is located two blocks from
the world headquarters of Caterpillar, Inc. and within blocks of a
major medical complex (including two hospitals, a college of
medicine and two nursing colleges). The project will serve a
downtown with a daily population of 20,000 employees and a
region of over 400,000 people. Developer is securing national
tenants for the retail space. The project includes:
· 150-200 room hotel with 25,000 square feet of
conference space
· 34,000 square feet of restaurant and retail space
· 160,000 square feet of commercial/corporate office space
· Renovation of 25,500 square foot theater
· 100 apartments
· 11,000 square feet of meeting/banquet space
· 650 space parking deck