520 Neil, the new office space for Serra Ventures’ is scheduled to open in June of 2018. Being called the “Gateway to Downtown” Champaign, the five story building will have Serra as its anchor tenant on the top floor, with luxury apartment, retail and restaurant space on lower floors.
"Part of the Neil Street Corridor plan suggests trying to establish the feel of entering downtown at Neil and Columbia rather than Neil and Washington," Bruce Knight, the city's planning and development director said. "This building starts to define that gateway into downtown and is very consistent with that Neil Street Corridor study."
"This new location will quite literally enable a new level of effectiveness and service to our portfolio companies and investors," said Tim Hoerr, CEO of Serra Ventures, when the project was announced.