Internationally Award Winning 220 Meridian Tower to Add Additional Luxury Apartments: New Amenities to Enhance Tenant Experience

Indianapolis, IN June 3, 2025 — Keystone Group’s transformation of central Indiana’s first office tower to luxury apartment conversion continues as the addition of 57 new luxury apartments officially begins at the internationally award winning 220 Meridian Tower. Scheduled for completion in summer 2026, the additional luxury apartments will range from studios to two-bedroom apartments, offering unobstructed views of Indianapolis’ iconic Monument Circle and skyline with some units now offering private terraces.

Ersal Ozdemir, Founder and Owner of Keystone Group said, “Keystone Group is proud to have led the way with Indiana’s first-of-its-kind office tower to luxury apartment conversion in the heart of downtown Indianapolis. Investing in our urban core is not only a strategic decision, but a long-term commitment to the future of downtown. Keystone continues to transform by building new or redeveloping underutilized space into dynamic live-work-play-and-stay environments to elevate Indianapolis into a stronger, more vibrant city for years to come.”

Following AT&T headquarters lease ending on May 31, construction will begin this week on the 57 new luxury residential apartments and additional outdoor deck amenities at 220 Meridian Tower. This includes 6 units featuring the building’s first private patio spaces. With these additions, a total of 273 luxury residential units will be brought to market, just steps from the iconic and highly sought-after Monument Circle. Additionally, two outdoor deck amenities, including an interactive dog park, will be introduced, elevating tenant amenities to new standards of luxury urban living in downtown Indianapolis.

As part of the continued development, 220 Meridian Tower will also welcome Harmony Steakhouse, an Indianapolis-based Japanese-style steakhouse known for its vibrant dining experience and high-quality cuisine. Opening in June, the addition of this locally rooted concept brings both cultural flavor and culinary distinction to the project, further reinforcing Keystone Group’s commitment to attracting unique, destination-worthy offerings to its residents and visitors to downtown.

With over 23 years of transformative development in downtown Indianapolis, Keystone Group’s impactful contributions show no signs of slowing down. Keystone has recently opened the first luxury hotel in downtown Indianapolis in nearly 20 years, the InterContinental Indianapolis, to widespread acclaim. Also a highly complex office-to-luxury conversion, the award-winning InterContinental Indianapolis is just steps from the highly successful 220 Meridian Tower, solidifying Keystone’s commitment to transforming Monument Circle and the organization’s impact on downtown Indianapolis.

About Keystone Group:

Keystone Group is a leading privately owned commercial real estate development and investment firm with over 23 years of expertise in transformational large-scale mixed-use development projects. As an internationally award-winning developer with standard setting live-work-play-stay projects ranging from multifamily to hospitality to retail to sports specific development, Keystone executes transformative development while enhancing communities it builds in. Keystone’s most recent projects like 220 Meridian Tower Residences and the InterContinental Indianapolis to visionary sports specific development like the live-work-play and stay Grand Park Sports District encompass Keystone’s broad range. Our focus continues to be on complex projects that become catalysts for communities while enriching the regions we serve. Learn more at keystone-corp.com or follow Keystone Group on LinkedIn and Facebook for project highlights and updates.