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As a current U of I student keenly interested in the current round of construction, here are a couple panorama shots I've taken looking East on Green.
These are from late January, but you can still get a pretty good perspective on things. The 309 is beneath the crane in the center right, 507 Green is visible behind the 309 as just the frame, and the burnham 310 is to the far left. I would hope this would bring rents down, but the any change will probably be negligible.
Since people seem to be interested in that too. Here's construction photos from memorial stadium.
^^^I didn't see any work being done on the East side of the stadium, but I didn't look that closely.
So if they're doing a spruce-up, they haven't started.
All East side work is going to be improving the interior. New bathrooms and concession stands are going in on the lower concourse. Additionally, they're expanding the weight room and other football-related facilities. As far as I know, there aren't any exterior improvements in the works right now.
Current Webcam Feed:
Next phase for this project will be the south end of the stadium. Current plans are to do something like this:
A 24-story student apartment complex at 309 E. Green St. on the site of former Burger King. First seven floors are parking, with ground-floor retail, eighth-floor pool and fitness center and 16 levels of upscale urban apartments. Half the residential floors to open by mid-August, the rest in January.
__________________ Daily Photo of Champaign - Urbana, Illinois - http://gct13.com