The building has been vacant for over 10 years.
“We’re going to see new work, new life, new employees in this building,” said Champaign Economic Partnership Director Marcia Bailey.
Securing the building and cleaning up the site took the team effort of private and public partnerships like the City of Urbana, the Champaign Economic Partnership and True Inspection Services, LLC, a full-service commercial inspection, engineering and construction management company.
TIS is now the owner of 12.6 of the 20 acre site, including the building. TIS Executive Vice President Joe Timm said three tenants will move into the building after its restoration – TIS, Community Health and Wellness Partners out of Logan County and The Door Shop, which is a commercial door company.
Project partners hope that after the work is completed, other investors will be drawn to build on space behind the building and part of the site’s acreage on the other side of the bike path.
The JMC project piggybacks off of the ongoing development of the FC Legacy Place senior living project that will transform the former North and South elementary schools and the Douglas Inn into affordable senior housing.
“We’re kind of looking at this as the anchor client or anchor site for helping redevelop this whole neighborhood,” Timm said.
Construction bids for the project will go out soon, and the businesses are expected to move in by fall 2021.