$80M Keystone Crossing project gets first city look

February 27, 2014
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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.

  • Traffic
    While, at first glance, I'm totally in favor of this development, traffic congestion is going to be a SERIOUS issue, particularly between November and January. It's already a disaster as it is...adding 100k sf in office space + 200 apartments is just adding icing to the cake.
  • Lame
    How exciting the chance to live right with expansive parking lots and 8 lane roads that are clogged with cars non stop. Ooooohhh I see it is "pedestrian friendly" with a walking path to no where. I avoid this area at all costs. It is devoid of character and constantly a hassle to get around,despite mass amounts of parking and huge roads. I could not imagine why you would want to live there but to each his own I guess.
  • Agreed
    Agree with the previous two comments. This proposal looks nice, but I avoid this area and Castleton AT ALL COSTS. If there was some reliable mass transit going to this area, it might be different.
  • Solid Project!
    I think this is a solid project to build out this area without overbuilding it. Yes they will need to improve traffic flow but I think it can be managed. If you look at what is in the area, 100K of office space is not that big of addition. The apartments are a step up with the number of units but still managable. The demand is clearly there for them if you look at the lease rates in the surrounding area. People like to live where they can go home and then walk across the street to shop or go out dining. Mass Transit would be nice in this area but I don't see it making a huge difference in a project like this that is just building out an already developed area. People in Indy love cars so even if we do get Mass Transit it is never going to have ridership rates like we see in Chicago where traffic is truly a nightmare. I wish PK Partners the best of luck with this project! I think they have the vision to deliver the right project at the right location. It would be fun to be onboard working with them on this.
    • mass transit
      Here's Indy's idea of mass transit: https://maps.google.com/maps?q=castleton+indianapolis?=39.905267,-86.059695&spn=0.006081,0.008256&hnear=Castleton,+Indianapolis,+Marion+County,+Indiana&t=h&z=18&layer=c&cbll=39.905267,-86.059483&panoid=WfbXS_Df14Lry_ALjI6AaA&cbp=12,104.67,,0,3.74&source=gplus-ogsb
    • Congestion Response
      Nobody goes there anymore, it's too crowded.---Yogi Berra
    • really
      you must work for PK
    • pedestrian friendly??
      MDC Hearing - Mar 19 1-4p 2nd FL City-County Bldg, 200 E Washington St City leaders - PLEASE pump the brakes on this one and apply some common sense. I'm not saying the project doesn't look nice or has no merit. But overbuilding along 86th St corridor within the very concentrated stretch has become madness. No one seems willing to challenge the $$ of the developers. Complete gridlock on weekends & rush hour, awful road conditions. Ironworks @Keystone isn't even open yet; Solana Apts along Keystone is @half developed and even less occupied at this point. To find parking at either Fashion Mall or Rivers Edge shops - you have to get there right when they open or troll around in your car and stalk people exiting the mall back to their car. Getting in & out of the Kroger in Nora on weekends - how there hasn't been a fatal accident there yet is a miracle. Before this project gets a green light - and BEFORE its construction begin, road expansion plan has to be in place. Ken B... hope your boss at PK takes you out for a nice atta-boy lunch.
    • who cares....
      ...the place is a suburban passe development, so who cars about mass transit in that location. I'm just glad it's in Marion Co. so we get the tax base. Let them build out the area to the max.
    • Can't have it both ways
      So many people are so quick to dismiss Indy because we don't have near the population density as places like Chicago and Minneapolis. Yet when someone proposes building new apartments / hotels / offices in a nice, commercial area, all we hear are complaints because it will increase traffic... Well as one who has in fact lived in Chicago and still visit frequently, the traffic at 86th and Keystone is NOWHERE near as bad as the vast majority of Chicagoland. So what many of you need to realize is you cannot have it both ways. Either there will be density AND heavy traffic, or there will be minimal density and minimal traffic....
    • We fear change...
      I live at 82nd/86th & Dean... any comments about traffic are from whiners who are apt to complain about most any change. It is Indiana after all and we fear change. My bet is most don't even live there. Traffic is not that bad except for a few minutes on certain days and a bit at the holidays. On the worst days I can still get to Keystone in 5 min- 7 min and Castleton in 10 min. Hard to complain about that. I live there and would welcome development.
      • Reality check
        I agree with some earlier comments and I too live in this vicinity. I have also lived in Chicago and agree that it is no worse than the traffic around Oak Brook Mall or Schaumburg/Woodfield area. However, PK wants to add more density/people, therefore, the traffic will inevitably become worse. I just hope that this is being considered by all the parties at play. I already try to avoid this area b/w 5-7p weekdays and I don't need another excuse to avoid it even more.
      • What's wrong with density?
        For people who don't want this project due to the increased traffic and density, last time I checked, that's what you get with living in a city. People need to realize that Indianapolis is trying to become more like a city and get rid of the "big suburb" title that it has been given by others. If the Indy Connect proposal passes, the green line and the high frequency (i.e. every 15 min.) buses will aid in decreasing the congestion. I've lived in NYC and Chicago like some of the other posters, and our traffic jams are nothing compared to what they have. Also, road expansion is not the answer to everything. They've expanded the roads enough up there. If the city is going to truly invest in that area like it keeps doing, it needs to improve the infrastructure. There is no reason for sidewalks to not be present throughout 86th/82nd street. Standing in the grass waiting on the bus does not signal "pedestrian friendly". I think the plan will do well for the area, to try to encourage some 'urban density' to the area, but the city has to invest in the infrastructure behind it or this will be all for nothing. Reference: http://www.indyconnect.org/UserFiles/pdf/General%20Bus%20Frequency%20Map.pdf
      • Probably good overall...
        I agree with many of Ken B.'s comments...PK is building out an already intense office and commercial area. Yes Ironworks and others will add to congestion. We have the opportunity to say "no" to the area...I avoid at all costs and limit my minimum necessary trip to Apple to the business non-lunch hours drive times and don't shop Keystone or Castleton Nov - Jan...the congestion "drives" me to Amazon. Of course traffic safety is the bigger concern but I have to believe they can fix that with delayed cross traffic. Lets get the tax base as there are few attractive areas for developers to office right now, and we need smart development without the "begging, I-gave-you-money-the-last-2-elections, hands-always-out, incentive-mongerers" who develop everywhere else. and BTW...have you ever seen anything PK Partners has done that was not quality...look at the top of the crappy office building that now houses Ocean Prime...or the facelift at Nora plaza before they sold that....they didn't have to spend that extra money...they seem to care about what we all look at.
      • balance
        I don't believe any of the posters who are pointing out traffic concerns are saying DON'T develop. They're saying balance it with improved traffic flow bandwidth within the concentrated area. Of course someone living at 82nd/Dean can get to Keystone/Castleton in 8-10 minutes. It's a short hop, skip & a jump from there. But with the 2-3 more sizeable projects on the horizon, adding destiny, that will change. I believe that is what these posters (who experience this area daily) are stating - is that road congestion needs to be discussed within this project's context. So please stop the name calling and just listen with a fair mind. And... who says we want to be Chicago/New York? Good lord. Couldn't pay me (and most Americans) enough.
      • Exactly
        Up until recently, I experienced this area on a daily basis. After 5pm on a daily basis,86/82nd street and 9th street between Keystone and Allisonville (and even further west/east) are ridiculously congested. Let's not even begin to talk about what it's like between Thanksgiving and Xmas. Again, I applaud additional development and investment in the Indianapolis metro area, but at some point, something's going to have to give. I'm sure SIMON is ALL for this, though...I wish I was the owner of the Chipotle in KatC. They are going to make a (further) fortune...
      • what traffic?
        Mickel said: "Complete gridlock on weekends & rush hour". That's ridiculous. You must be one of the many around Indy that equates stopping behind other cars at a red light with complete gridlock. From what I can see from the one perspective rendering here, it doesn't look like much to get excited about one way or the other. It's pedestrian friendly because there'll be a sidewalk (probably only on the east side of the street) out beyond the parking lots in front of the buildings? Puh-leeze! Hardly anyone will walk out of a building, across parking lots to a sidewalk so that they can walk to another property where they'll have to walk through a parking lot to get to another building. It just doesn't happen. It's not pedestrian friendly, but that has a lot to do with the surrounding development of course. As my old man would say, I guess it beats a sharp stick in the eye.
      • Re:Paul II
        Sorry Paul, but if you don't acknowledge the fact there there is extreme gridlock in this area during rush hour and on the weekends, you obviously have never been there during those times. It's not absolutely horrible, but the additional load coming from IronWorks, this proposal, and addt'l future proposals that are in the works, the load on the streets as they currently are will be immense.
      • Not asking...
        It appears the developers are not asking for any kind of funding or giveaway from the city. So what's the problem? Just avoid the area if you want, there are lot of others that frequent that location, so I don't think you'll be missed.
      • To Scott
        I'll refer back to "V"'s comments. Few of us commenting on traffic issues are saying that this is a bad development. Personally, I applaud it. However, traffic congestion is certainly make the trip less appealing, and I hope that the city will look into ways of abating traffic issues as this area continues to grow.

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