Keystone Group picked for Butler mixed-use project

Butler University trustees have picked locally based Keystone Group to build a parking, retail and residential project on campus between Clowes Hall and Hinkle Fieldhouse that would cost as much as $45 million.

A university official said the school and developer still need to hammer out a project agreement before the deal is final. The trustees selected from among a group of three finalists that also included Kite Realty Group and Lauth Property Group.

The plans call for about 1,000 parking spaces, up to 10,000 square feet of retail space, and 300 beds of student housing on three acres of university-owned property between Sunset Avenue and Lake Road on the Butler campus.