Despite challenges posed by the pandemic, Downtown Peoria will see residential growth in 2021.
Michael Freilinger, executive director and CEO of the Peoria Downtown Development Corp. (DDC), said an additional 146 housing units are expected to hit the market this year, with 120 of them located at the former Builders Warehouse location, 812 SW Washington St., that’s expected to start leasing this summer.
That will put the number of residential units in Downtown Peoria at 516 by the end of the year, said Freilinger. That’s a 138 percent increase in downtown units since Freilinger took over at the DDC six years ago.
A housing report completed last year before the coronavirus outbreak estimated demand for up to 379 additional residential units in Downtown Peoria by 2024.
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