INDIANAPOLIS — Keystone Group, an Indianapolis-based real estate development, construction and investment company recently unveiled Eleven Park, a transformational neighborhood development expected to include an office building, retail shoppes, apartments, a boutique hotel – all anchored by a 20,000 seat multi-purpose soccer stadium with the Indy Eleven professional soccer team as the primary tenant.
In addition to the multi-purpose soccer stadium, the project scope today includes approximately 150,000 square feet of office space, 100,000 square feet of retail, 600 apartment units, and a 200-room boutique hotel.
Eleven Park has proposed to privately develop and finance the office, retail, apartment and boutique hotel portions of the project. Taxes that are generated on the property as a result of the private development are proposed to be used to help finance the stadium and public areas which are proposed to be owned by the Capital Improvement Board and financed by the City of Indianapolis by developer backed bonds. Indy Eleven is proposing the lease the stadium and pay all operating expenses as well as any cost overruns.
The location of the development will be announced at a later date.