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Real Estate & Retail

$80M Keystone Crossing project gets first city look

February 27, 2014

Keystone at the Crossing will look a lot different in the coming years, if PK Partners LLC can pull off its plans for an $80 million development along River Crossing Boulevard near The Fashion Mall.

PK Partners office development Keystone Fashion Mall 225pxPK Partners was set to make its case to the city Thursday morning by asking the Metropolitan Development Commission’s hearing examiner to rezone the land to give the developer more flexibility. The full MDC is scheduled to hear the request March 19.

IBJ reported in its Feb. 10 issue that PK Partners’ plans call for 100,000 square feet of office space and 200 apartments with an attached parking garage and lakefront views on roughly 10 acres on the east side of River Crossing Boulevard, north of the Shoppes at River Crossing. Across the boulevard, on 4-1/2 acres, the company plans to construct a 125-room hotel, and eventually could add 50,000 square feet of office and retail space, and possibly more apartments.   

The developer plans to create a pedestrian-friendly project by incorporating a one-mile walking trail that loops the 25-acre lake into the development. On-street parking and sidewalks would be integrated into the design.

The building that houses the Champps Americana restaurant, which PK Partners owns, is included in the plans and could be redeveloped as part of the overall project.

PK Partners hopes to start construction on the first phase yet this year. The entire project could take three to seven years to complete, it predicts.

PK Partners Piada Keystone Crossing 225pxOn a much smaller scale, but just to the south, PK Partners is developing a stand-alone restaurant for the Columbus, Ohio-based Piada Italian Street Food chain in the southwest corner of Barnes & Noble’s parking lot. Construction started this month with an expected summer opening.

The location would be Piada’s second in the metro area. The other is at 380 S. Rangeline Road in Carmel. Overall, the chain has 18 restaurants, 16 of which are in Ohio. Besides the Carmel location, the only other outside the Buckeye state is in Troy, Mich.

The fast-casual Italian eatery features hand-rolled Italian flatbread sandwiches known as piadas, pasta bowls and chopped salads. Piada was founded in 2010 by Chris Doody, also a founder of the Bravo! Cucina Italiana chain.

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