Real estate investment firm Greystar Real Estate Partners has begun construction of Peoria Place, a $500M mixed-use development in Peoria’s Old Town area. The development will span 88 acres at full capacity, and the first phase will include a 411,918 SF industrial park known as Caliber. There will also be apartments, retail and 243 single-family homes for rent in the community, according to local media reports. Caliber will comprise 3 buildings, totaling 411,918 SF with 99 dock doors, 6 drive-in doors and 554 car parking stalls.
