Keystone Towers implosion set for late August

Back to TopCommentsE-mailPrintBookmark and Share

The long-vacant Keystone Towers apartment complex will be imploded Aug. 28 at 8 a.m., the Department of Metropolitan Development announced Monday afternoon.

Indianapolis-based Denney Excavating received the contract to demolish the 15-story building in June after submitting a bid of $827,000.

The building, northeast of the Indiana State Fairgrounds and near the intersection of Keystone Avenue and Binford Boulevard, was closed in 2008 after it was deemed unsuitable for human habitation by the Marion County Health Department.

Denney has hired subcontractor Advanced Explosive Demolitions Inc. of Idaho to carry out the implosion. AED said 474 people live within 1,000 feet of tower and may be asked to seek temporary shelter during the implosion for their safety.

A demolition team will go door-to-door to speak to nearby residents prior to event, the DMD said. Additional information about possible street closures and public viewing areas will be released at a later date.

After the demolition, the city will explore redeveloping the site. Any new projects must include mixed-income rental housing by the rules of the federal grant used to demolish the 15-story complex.

Keystone Towers has been mostly vacant for more than 10 years. The apartment complex, built by local developer George Ginger in 1974 as the VIP Center, originally included apartment and office components and was intended to be a crown jewel on the midtown Keystone Avenue corridor. However, leasing problems hampered the project from the beginning and the office space was eventually converted into apartments.

Denney Excavating, founded in 1990, has handled numerous local demolitions, including the Penn Building and the Larue Carter Memorial Hospital buildings.

A contractor from Buffalo, N.Y., complained that it submitted a much lower bid for the project, but did not receive the bid because of incomplete paperwork.


  • televised
    Just wondering if this implosion is going to be televised or put on the internet for all of our viewing pleasure.
  • Extra Cash?
    I can't seem to find it, but there was an article that $4 million was appropriated for the demolition of the Keystone Towers and Winona, with the Keystone towers taking more than 1/2 of it. If the bid was only $800k, where is the extra $1.2 million? What is to be done with this money?

Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
thisissue1-092914.jpg 092914

Subscribe to IBJ