Cullinan Properties

Bloomington has announced that East Peoria-based Cullinan Properties is under contract to purchase the entire 53-acre Eastland Mall site for $11.3 million. According to the city, the deal could close as early as November.

Developers Cullinan Properties say Best Buy and Boot Barn are the latest additions to East Peoria's Levee District.

Peoria recently agreed to spend $1.75 million to buy the downtown PNC Bank Building, along with an adjoining office building and parking deck. In part one of our latest monthly interview with Peoria Mayor Rita Ali, she explains the benefits of the acquisition.

The City of Peoria is buying three prominent properties that make up the bulk of one downtown block with the intent of seeking a developer to take advantage of federal and state historic tax credits.

An 11-story downtown tower, a neighboring office building, and an adjacent parking garage may soon become properties owned by the City of Peoria.