Indy Eleven announces big development for downtown
Over 20 acres has been acquired on the west side of Indianapolis that will house the Indy Eleven in the future, securing them a spot next to downtown.
The Eleven Park development project, outlined in 2019, will include hotel, office, apartments, retail and public spaces along with the 20,000-seat soccer stadium. The land was previously owned by Diamond Chain Company and is now owned by Keystone Group, a construction, development, management and investments company in downtown Indianapolis. The property is bordered by West Street, Kentucky Avenue, and the White River.
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“We have been working diligently for the last several years to secure a large area of land downtown for Eleven Park, and with our prime location now secured we are eager to take the next steps for this groundbreaking development,” said Ersal Ozdemir, founder and chairman of Keystone Group and Indy Eleven. “This village will be a 365-day-a-year live, work, and play community that will transform this section of Indianapolis, providing jobs and significant economic development to downtown Indianapolis and surrounding areas.”
#ElevenPark will be housed on over 20 acres of land purchased by @Keystone_Corp that will bridge the central business district, Victory Field, Lucas Oil Stadium, Indiana Convention Center, the White River, and the Elanco campus. pic.twitter.com/2vVt2Sytj3
— Eleven Park (@ElevenParkIndy) June 24, 2022
How much the Indy Eleven stadium will cost
Due to a myriad of factors, including the rise in construction costs, inflation, and an increase in the scale and scope of the project, Eleven Park is expected to exceed a $1 billion investment in the largest piece of property in an under-developed area of downtown Indianapolis, a news release stated.
Keystone Group and Indy Eleven, according to a news release, will continue to discuss finalizing the project’s terms this year with the City of Indianapolis and the state. The terms will allow for tear down of existing buildings and site work to begin in Spring 2023.
The stadium will be designed to host Indy Eleven’s games, as well as host field sport events for partners such as the NCAA and IHSAA, international matches, concerts and other community events.
The release noted Indy Eleven will meet with fans, community members and constituents about specific design elements. The team said they expect to share updated renderings of the stadium with the public in the coming months.
The project’s lead architecture and design firm will be Populous, the release said, in partnership with Indianapolis’ Browning Day Architects. D3i, a Baltimore firm will serve as the master planner.
Contact Sarah Nelson at sarah.nelson@indystar.com or 317-503-7514.
Where the Indy Eleven development will be located
This article originally appeared on Indianapolis Star: Indy Eleven secures downtown Indianapolis site for stadium, development
