Combining Luxury with an Ecologically Conscious Lifestyle, Sophia Square Introduces a New Concept of Apartment Living to Carmel, Indiana

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Combining Luxury with an Ecologically Conscious Lifestyle, Sophia Square Introduces a New Concept of Apartment Living to Carmel, Indiana

05/02/2011

Combining Luxury with an Ecologically Conscious Lifestyle, Sophia Square Introduces a New Concept of Apartment Living to Carmel, Indiana

CARMEL (May 2, 2011) – Keystone Construction Corporation announced today that Sophia Square, a brand-new sustainable luxury apartment community in Carmel, IN, has received its Certificate of Occupancy. Residents began moving in on May 1, 2011, and the on-site leasing center is also now open. Sophia Square is expected to be one of the first new residential buildings in Carmel, Indiana to be LEED Silver certified, according to Ersal Ozdemir, CEO of Keystone Construction Corporation. Jupiter Communities, a national multifamily management company headquartered in Chicago, has been selected as the management and leasing firm for the project.

Located at the corner of Main Street and the Monon Trail in Carmel’s prestigious Arts and Design District, Sophia Square offers 202 one-, two- and three-bedroom eco-friendly apartment homes as well as an underground parking garage and over 45,000 SF of ground floor retail space. The wide selection of luxury residences at Sophia Square feature condo-quality finishes including rich granite countertops, stainless steel and black energy-efficient appliances, full-size washers and dryers, luxe cherry cabinets, contemporary lighting and fixtures, verandas and balconies, and expansive windows with sweeping downtown and courtyard views.

“We recognized an opportunity to provide a new concept in residential living where residents can enjoy luxury apartments and a healthy green lifestyle. We are working closely with the United States Green Building Council (USGBC) to meet its stringent requirements for Sophia Square’s LEED certification,” Ozdemir said. “We are committed to achieving this important distinction for our residents as well as for Carmel.”

According to the USGBC, LEED emphasizes state-of-the-art strategies in five areas: sustainable site development, water savings, energy efficiency, materials and indoor environmental quality.

“Sophia Square’s outstanding location gives residents immediate access to the Monon Trail as well as Carmel’s many art galleries, fine restaurants, shopping, nightlife, recreational activities and major thoroughfares,” said Kellie DeVilbiss, President of Jupiter Communities. “Not only will they experience luxury living in a premier location, they’ll be actively involved in an innovative apartment community paving the way for green living in Carmel.”

A key feature of Sophia Square is the European-inspired public piazza. Punctuated with lush local plants and flowers, seating areas and a resident-only pool with sundeck and grill stations, the piazza promises to be a bustling hub of activity and entertainment in downtown Carmel. Sophia Square’s exclusive amenities suite is also a distinct selling point. Residents will enjoy access to an executive center, lounge, teaching kitchen, wine cellar, billiards, Wii game space and 3-D cinema. On-site retailers including a 24-hour Anytime Fitness health club, Detour Bar and Grill, dry cleaner, coffee café and yogurt shop surround the piazza.

Other highlights of the pet-friendly Sophia Square include on-call emergency maintenance service, bicycle storage, online rent payment, and package receiving. In conjunction with its first residential move-ins, Sophia Square has launched its interactive community website, www.SophiaSquareApts.com, and social media campaign, enabling residents to connect with each other and providing customers with multiple resources to learn more about the project.

For additional information about Sophia Square, call 317-815-0110 or visit www.SophiaSquareApts.com.

About Keystone Construction Corporation: Keystone Construction is located in downtown Indianapolis in the historic Majestic Building. Keystone offers Construction Management, General Construction, Design-Build, Master Planning, Project Management, Development, and Investment services. Keystone has successfully executed hundreds of projects with varying degrees of complexity for clients in these market segments: municipal, multifamily, commercial, residential, institutional, industrial, and healthcare. Keystone’s current projects under management exceed $400 million. For more information, contact Greg Martz at (317) 636-2000 or gregm@keystone-corp.com.

About Jupiter Communities

Jupiter Communities is a full-service multifamily property management company with more than 12,000 apartment units under management nationwide. The leadership at Jupiter Communities boasts more than 50 years of industry experience managing and maximizing the value of properties across the nation, giving it the ability to offer expert advice and superior services including property management, valuations and market studies, accounting, due diligence, dispositions, and construction management. In May 2009, RAIT Financial Trust, a New York Stock Exchange listed REIT, evidenced its confidence in Jupiter Communities by acquiring a majority interest in the company. For more information, please visit www.jupitercommunities.com or contact Kellie DeVilbiss at 312-924-1601.

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