"I commend the development team on their foresight to bring in private funds to ensure their vision became a reality: providing smartly designed, affordable housing options for the residents of Indianapolis."

- Lt. Governor Sue Ellspermann

Mixed Use / Residential

16 Park Apartments

1621 N. Park Avenue, Indianapolis, IN

230,100 Sq. Ft.

Keystone Construction was selected by the Indianapolis Housing Agency to serve as Construction Manager for 16 Park, a mixed income apartment complex located on the old north side of downtown Indianapolis. This $34 million redevelopment replaced the 35-year-old Caravelle Commons housing cooperative with 155, 1-4 bedroom apartments.

Both vacant and occupied buildings were renovated which required the former structure to be demolished in phases. As the 16 Park units were finished, existing residents were relocated on the site, so that the old buildings could be torn down. This unique situation provided our construction team the opportunity to utilize their project management expertise by applying various approaches and techniques.

The first phase of 16 Park was completed in 2011 when it opened its first 29 apartments.

Mixed Use / Residential Project Spotlights

1761 E Walnut Street, Evansville, IN

86000 Sq. Ft.

A new student housing community for Freshman and Sophomores broke ground in May of 2021 on the campus of the University of Evansville. As the General Contractor Keystone is partnering with the University, as well as Developers -Servitas and Groundswell on the 86,000 Square Foot…

Carmel, Indiana

256,850 Sq. Ft.

The Olivia Luxury Residences & Shoppes is located on the southwest corner of Main and Old Meridian Streets in Carmel, Indiana and within walking distance from the Monon Trail, North Meridian Office Corridor, The Palladium at the Center for Performing Arts, and Carmel’s downtown…

110 Main Street, Carmel, IN

445,147 Sq. Ft.

Sophia Square, a 214-unit luxury apartment community, is a public/private partnership between Keystone Realty Group and the City of Carmel. It encompasses an entire city block in downtown Carmel, Indiana.

Keystone Construction broke ground on Sophia Square in the fall of 2008 and completed construction in…

Indianapolis, IN

555,453 Sq. Ft.

220 Meridian is a 555,453-square-foot mixed-use tower in downtown Indianapolis.  Previously only office space, the building is undergoing an complex and robust transformation which includes six floors of luxury residences and a heated indoor parking garage. The lower level will revitalize the area with new…