Mainstreet breaks ground on $13.5M facility
Mayor Andy Cook announced last summer that Mainstreet Property Group will build a state-of-the-art senior living facility in Westfield, adjacent to Grand Park. The development, a $13.5 million facility located on 7.5 acres and creating between 140-150 jobs, officially broke ground last week.
The project includes 65,000 square feet with 100 suites. Based on the construction costs, Mainstreet will create a total economic impact of $22.6 million in Hamilton County. This includes direct construction costs as well as local supplier purchases and purchases by construction employees. The project supports a total of approximately 209 primary and secondary jobs during the construction period.
“As we begin work on our latest facility, our goal will be to create a living space where seniors can receive the quality care they need while living in a place they can enjoy, said Zeke Turner, chairman and CEO of Mainstreet. “With an emphasis on social features, this building will be a true asset to the City of Westfield in addition to creating new jobs in the community.”
This state-of-the-art skilled nursing and assisted living community incorporates hotel-style living and social amenities within a short-term rehab and health care assisted environment. The facility will feature private rooms and multiple social destinations, including restaurant-style dining.
“This is very exciting for the City of Westfield in that it’s a development building in Westfield specifically because of our Grand Park Project, said Cook. “We are already beginning to see a return on our investment and I am extremely optimistic on what the future holds for this area.”
Mainstreet Westfield would create an annual operations economic impact of $13.3 million in Hamilton County beginning this year. This means the company would directly and indirectly support $13.3 million in local economic activity through the value of the services they provide, through supplier purchases and through purchases made by employees. The total economic impact over the next 10 years is estimated at $142.3 million, including the economic impact of construction in 2012.
Cicero-based Mainstreet Property Group provides healthcare for a variety of short-term and ling-term needs. Mainstreet was named to the Inc. 500/5000 list of fastest-growing companies in both 2010 and 2011. It has been listed as the third-fastest growing private company in the area by the Indianapolis Business Journal.