Keystone wins construction approval for Carmel redevelopment

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Keystone wins construction approval for Carmel redevelopment

06/23/2008

For media information, contact:   Jennifer Moncel at (317) 636.2000 /jennifer@keystone-corp.com 

FOR IMMEDIATE RELEASE
Monday June 23, 2008

KEYSTONE CONSTRUCTION WINS APPROVAL FOR CARMEL REDEVELOPMENT

Indianapolis, Indiana – The Carmel Redevelopment Commission recently voted unanimously to accept Keystone Group’s proposal to redevelop an entire city block in Old Town Carmel. The four-story mixed use development will include 150 luxury apartments, high-end shops and restaurants plus a new home for the VFW Post and an underground parking garage for 400 vehicles. “The Arts District Lofts & Shoppes will expand options for high quality urban living and entertainment in Carmel and complement the City’s focus on art and design” said John E. Suter, Director of Design for Keystone. The $45 million project will incorporate many unique features including green building principles and is set to become Carmel’s first LEED certified structure. The new building will surround a grand public courtyard while a rooftop garden will create a secluded “backyard” for the residences. The project should be complete within 18 months from the beginning of construction.

Founded in 1997 Keystone Construction’s services include general construction, construction management and design-build construction. Keystone also owns and manages several signature buildings downtown including the Majestic, Six Over Meridian condominiums and Madison Plaza.