Deal with Ozdemir paves way for Purdue Polytechnic High School to open in Broad Ripple
For at least one year, the school would operate out of a building just east of Broad Ripple High School that Ozdemir's Keystone Group is buying.
Keystone Construction Corp.
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Developer wins MDC approval for $168M project near Fashion Mall
The Metropolitan Development Commission gave unanimous approval to The Alexander at the Crossing project despite heavy pushback from neighbors. The proposal will next be considered by the City-County Council for final approval.
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Luxury apartments to open soon in former AT&T building
A local developer’s $80 million conversion of a 20-story office building into luxury apartments is the largest project of its kind downtown.
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Articles
Keystone poised to buy AT&T tower that vexed current owner
Local developer Keystone Group is nearing a deal to buy the 20-story building just north of Monument Circle and is considering a range of possibilities for the half-million-square-foot property.
Carmel council OKs $3.8M bond for luxury apartment project
Keystone Realty Group’s $30 million The Olivia on Main apartment project cleared a major final hurdle Monday, when Carmel City Council unanimously agreed to issue $3.8 million in low-interest bonds to help prepare the five-acre site for construction.
Keystone offers to forgive CRC obligations to win bond
Keystone Realty is offering to let the cash-strapped Carmel Redevelopment Commission off the hook for $250K in promises if city officials approve a $3.8 million bond issue to help get its Olivia on Main project off the ground.
State sits on prime downtown property near Statehouse
Three locally based firms responded to a state request for private-sector parking management, plus the construction of new spaces, by proposing mixed-use buildings for a 3.2-acre lot north of the Statehouse, according to response documents made public late last month.
Carmel’s Main Street getting more upscale apartments
Carmel officials have signed off on Keystone Realty Group’s plans to build a five-story mixed-use building southwest of Old Meridian and Main streets.
No-holds-barred tactics lifted developer Ozdemir
Ersal Ozdemir, who heads the development and construction firm Keystone Group, has charmed elected officials for years with big ideas—and hundreds of thousands of dollars in political contributions.
Developer planning Sophia Square sequel near Meridian Street
The developer behind the $60 million Sophia Square building in Carmel’s Arts & Design District is proposing a similar project about a mile west.
Buyer of Illinois Building envisions conversion into upscale hotel
A high-profile local developer has bought the Illinois Building and is considering offers to convert the downtown landmark into a boutique hotel that could be the city’s first five-star lodge.
Promoters of arts trail recast vision
A mural slated for one wall of the Broad Ripple parking garage will be the first new artwork within view of the Central Canal Towpath, which a group of north-side institutions would like to rebrand as the Art2Art trail.
Keystone Group picked for Butler mixed-use project
The university chose Keystone over Kite Realty Group and Lauth Property Group to build housing, retail and parking worth up to $45 million.
Keystone revamps Broad Ripple garage after zoning defeat
The developer of a $15 million parking garage and retail project in Broad Ripple has overhauled its plans to comply with flood-plain rules and expects to start construction this month.
Ozdemir emerges as powerhouse in Indianapolis real estate
Keystone Group, Turkish immigrant Ersal Ozdemir’s 10-year-old development firm, is orchestrating some of central Indiana’s most ambitious projects, including a $15M Broad Ripple parking garage and the $60M million mixed-use Sophia Square in Carmel.
Developer rolls out $40M plan for Keystone site
A local developer has acquired the northwest corner of 86th Street and Keystone Avenue and is working on plans for a $40 million apartment and retail project.
Keystone Construction plans Madison Avenue retail center
A local developer is planning a retail strip center along Madison Avenue just south of downtown in a neighborhood that’s been
begging for investment for years. The plans by Keystone Construction Corp. call for a 25,000-square-foot retail
center at 1400 Madison Ave., across from Sisters’ Place Restaurant.