„ Indy Eleven & Keystone Group today unveiled renderings and announced May 2023 groundbreaking plans for Eleven Park, the transformational neighborhood development set to change the southwest quadrant of downtown Indianapolis.
Diamond Chain, the former company on the property, has recently ceased production at the facility and will vacate the property by the end of April. Rezoning to accommodate the project was filed on Thursday, and groundbreaking on Eleven Park for site work is scheduled to begin in May.
Anchored by a 20,000-seat multipurpose stadium that will be the new permanent home of Indy Eleven, the development will also include over 600 apartments; 205,000 square feet of office space; over 197,000 square feet for retail space and restaurants; a hotel; public plazas with green space; and public parking garages.
“The vision of this transformational development into a live, work, and play village is becoming reality. Eleven Park will not only change the skyline of Indianapolis, but will add over a thousand jobs, have a huge economic impact, create quality of life benefits and attract talent and opportunities to our city and state,” said Ersal Ozdemir, Chairman and Founder of Keystone Group & Indy Eleven. “We’ve been investing in downtown for over 20 years and believe it is important now more than ever. Our goal for Eleven Park is to continue the city’s tradition of using sports as a business driver for Indiana by increasing Indianapolis’ profile as a global city and showcasing the world’s most popular sport.”