"Keystone has shown great understanding of the unique challenges of working with a quasi-governmental agency such as ours. They worked with the CRC to proactively find creative financing solutions under strict time constraints. With that said, Keystone has consistently delivered projects on time and within budget."

- Carmel Redevelopment Commission

Mixed Use / Residential

Sophia Square Apartments, Shoppes & Garage

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 2011. This five-story mixed-use structure contains retail space on the first floor, luxury apartments on the main & upper four floors, and a two-story underground parking garage. Some of Sophia Square’s retail tenants include Main Street Poke, The Pint Room, and Vitality Bowl.

The challenge of this project was integrating a design that would meld the historic flavor of downtown Carmel while utilizing modern amenities. The project is registered to receive LEED Silver Certification and uses a number of energy-saving details including above standard insulation, green roof areas, water-saving fixtures, and regionally produced materials.

Keystone served in dual roles by incorporating construction management and development. Keystone Realty Group is the permanent property manager. See http://www.sophiasquareapts.com/ for more information.

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…

Indianapolis, IN

555,453 Sq. Ft.

220 North Meridian Street Tower is a 555,453-square-foot commercial tower in downtown Indianapolis.  The acquisition of this site paves the way for unique mixed-use development in one of Indianapolis’ eight downtown towers.

Keystone Realty Group has already completed construction of a public parking garage within the…

Butler University, Indianapolis, IN

370,000 Sq. Ft.

Keystone was selected by Butler University to design-build this new 6-story multi-purpose parking facility located between Clowes Memorial Hall and Hinkle Fieldhouse along Sunset Avenue. Keystone Construction served as the design-build contractor and provided construction management services including pre-construction, project management, and an on-site…