State Farm’s Downtown Bloomington building sold

State Farm
State Farm said the sale was finalized Thursday afternoon. (WJBC file photo)

 

By Neil Doyle

BLOOMINGTON – State Farm has announced the sale of its Downtown Bloomington building has been finalized.

The Bloomington insurer said the sale agreement with Rockford-based developer Urban Equity Properties, which was signed in September, went through Thursday afternoon.

In a news release, State Farm said the sale preserves the building for the community and ends the long-term financial obligations for maintenance and upkeep.  The location served as the company’s headquarters until 1974.

Urban Equity intends to transform the 13-story building into “Bloomington Lofts,” a residential complex with more than 200 luxury loft apartments, including a fitness center, tenant lounges, communal space and ground-floor café.

Neil Doyle can be reached at neil.doyle@cumulus.com

Blogs

Workers’ Memorial Day – Remember those whose job took their life

Looking around our community, when we say employer, most will respond to State Farm, Country, or Illinois State University.   We too often forget those who are building our roads, serving our food, or our public employees. COVID-19 has made us more aware of the risk.  Going to work every day for some people means…

Everyone counts and you could make the difference

By Mike Matejka How many federal dollars will there be for road repairs?  To feed hungry families?  How many Illinois representatives will there be in Congress?  Are Illinois communities going to get their fair share? There’s only one way to ensure our community gets treated properly – answer the census. The every ten year U.S. census,…

Reactions to the “A Community in Conflict” exhibit

By Mike Matejka Every community has its home-town pride; Bloomington-Normal is proud to claim Steak n’ Shake and MASH TV star McLean Stevenson.  We’ve also had a moment of contention and conflict.  Sometimes these are uplifting stories of human progress. At other times, they cause us to shake our heads and wonder why. The McLean…