Latest news with #KDBGroup
Yahoo
02-04-2025
- Business
- Yahoo
California company buys Spurck mansion; plans for 130-year-old building unknown
PEORIA, Ill. (WMBD) — A historic building just north of Downtown Peoria has been sold — albeit for a loss — to a California-based company. According to records at the Peoria County Recorder of Deeds' office, the 130-year-old building near the intersection of Interstate 74 and Knoxville Avenue was sold two weeks ago for $99,000 to Tres Poderes, LLC, a company based in Sacramento. The seller? Kim Blickenstaff's KDB Group. A call to the company as well as their Peoria-based attorney was not immediately returned Tuesday. Looking Back: KDB Group pulls out of all Peoria-area projects It wasn't known, and the recorder documents don't discuss what plans are in store for the old mansion, which suffered a fire about six years ago. For years, the mansion, which was built in 1893 by Peter E. Spurck, was home to the Junior League of Peoria's Family House, which offered help to families who needed help with medical issues. 'This historic mansion, beginning its new mission, opened its doors to its first guest families on June 5, 1985. Just as the original owner Peter Spurck first paved the streets of Peoria, Family House paved the way of kindness and hope for families who need relief from the emotional and financial stress brought on by medical problems,' according to the group's website. Then, it was sold for $140,000 to Christopher Petruzzi who used the building for a nondenominational Christian home. He then sold it to the KDB Group in 2020 after a fire ravaged the building in 2019, for $130,000, according to Peoria County property tax records. KDB was the real estate firm for Kim Blickenstaff, who brought the mansion and several other buildings in the area with promises to rehab them and restore them to their former glory or more. Blickenstaff appeared to be the savior of the building, which was on the verge of being demolished due to the fire. However, two years ago and without warning, he put all his parcels on the market and since then, they have been selling off one by one. Some had been finished and restored. Others were left largely untouched. The building appears to be just within the East Village Growth Cell tax-increment financing district. So it's possible revenue from that TIF fund could help with any development of the property. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
28-02-2025
- Entertainment
- Yahoo
Scottish Rite Theatre hosts first show in over two years on Friday
PEORIA, Ill. (WMBD) — The Scottish Rite Theatre is back with new management, ready to rock and roll. On Friday, fans will be in the seats for comedian Chris D'Elia's 'Straight Outta The Multiverse' tour, the venue's first show in over two years. Garrett Zimmerman, director of operations for TempleLive, the venues new management group, described what the historical venue preservation company wants to do for Peoria. 'I'm just excited for us to try and deliver a great experience to all the customers here,' Zimmerman said. 'I ask everybody to just be patient with us and give us your feedback so we can continue to make it better and get better. But rest assured, we will, and it's going to be an awesome time at TempleLive.' Patrons can experience the upgraded seats and sound system in the venue, which was put in place by the KDB Group, owned by Kim Blinkenstaff, when they were the managers. Zimmerman said the ready-to-go venue made the choice of Peoria as their fifth venue an easy one, and he wants to bring the best shows to consumers. The hall can host anything from concerts, comedy shows, movies and even weddings. If there is a specific kind of show you'd want to see at the Scottish Rite, one way to show it is at the box office. 'When we have those shows come out and support and show us that, you know, 'Hey, these are the types of shows we want to see,' that's the best way to tell us is to buy tickets,' Zimmerman said. Something also added are VIP bars on the balcony level of the hall, with seating and table space on both sides. The Scottish Rite shut down in Jan. 2023 after the KDB Group announced it was 're-evaluating' Peoria-area projects. TempleLive preserves and maintains historical venues, and the Scottish Rite is their fifth location. To see a full list of upcoming shows, click here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-02-2025
- Business
- Yahoo
Peoria Heights mayor shares plans for two recently bought buildings
PEORIA HEIGHTS, Ill. (WMBD) — The recent purchase of the Pabst Building by a local developer brings hope that more businesses could make Peoria Heights their home. That's the message from Mayor Mike Phelan who said on Tuesday that people are constantly reaching out to him to find a place to do business. He credits the village's long-term planning but also the 'people on the street.' 'There's a great demand for businesses, all types of businesses, to be in Peoria Heights. And I think that goes back to the walkability of the village, the parks and green space in the village. I'm a firm believer that when you put people on the street, that makes the streets safer.' the mayor said. William Torchia bought the Pabst Building, home to law firms and to the The 33 Room earlier this month for $2.5 million, according to records at the Peoria County Courthouse. The building has long been an icon within the community. It was the administrative offices of the old Pabst Blue Ribbon brewery, which closed in the early 1980s. The 33 Room serves Pabst Blue Ribbon and serves as a historical reminder of the old brewery. The mayor said he was hopeful the building would continue to thrive under new ownership. 'Their use for the Pabst building, I believe, is going to be more geared towards finance and law and professional offices,' Phelan said. 'I believe everything else that's in the building now, like the 33 room, will be staying.' Torchia purchased the building from the KDB Group, which is the development group that was owned by Kim Blickenstaff who bought the building about six years ago. The Pabst building had been previously owned by the KDB Group, which listed the building and several others for sale in 2023. Those others included the Scottish Rite Theatre, Sankoty Lakes in Spring Bay and Betty Jayne Brimmer Center for the Performing Arts in Peoria Heights. Blinkenstaff's KDB Group announced it was 'reevaluating' Peoria-area projects in January 2023. Torchia also purchased the Save A Lot grocery store, which is located two blocks south of the Pabst Building. Phelan said he's heard that plans could include a type of mixed-used development that could include some residential units within the building. 'I believe from what the developers have told me, and that's a better question for them, but it will be mixed use, and they're planning some residential and grocery and retail in Save A Lot,' Phelan said. The goal is to keep Save A Lot there but there are plans for what might happen if the store leaves, the mayor said. 'Both the developers and myself have reached out to Save A Lot, to ask them to stay in some form or fashion in the new building. If they don't stay, you know, we'd be willing to relocate them somewhere else within the village,' he said. Adding to the mix is the proximity to the Rock Island Trail as well as its location on Prospect Road. That makes it an attractive spot for possible residential and the village is considering putting a trail head in the area to highlight the Rock Island Trial. If Save A Lot did move, he said there was some hope they would stay within the village with some help from the Village Hall. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
