Westfield Mayor Andy Cook announced today that Mainstreet, a state-of-the-art senior health care facility, will locate in Westfield, adjacent to Grand Park. The development will be a $13.3 million project, located on 7.5 acres creating 150 jobs.
The facility would include 65,000 square feet with 100 private suites. Based on construction cost estimates, Mainstreet would create a total economic impact of $22.6 million in 2011 in Hamilton County. This would include direct construction costs as well as local supplier purchases and purchases by construction employees. The project would support a total of about 209 primary and secondary jobs during the construction period. Mainstreet Westfield would create an annual operations economic impact of $13.3 million in Hamilton County beginning in 2012. 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 ten years is estimated at $142.3 million, including the economic impacts of construction in 2011. “As we begin work on this 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 an exciting announcement for the City of Westfield in that it’s a development moving to Westfield because of our Grand Park sports project,” says Westfield Mayor Andy Cook. “We are already beginning to see return on investment and I am extremely optimistic on what the future holds for this area,” says Cook.
Mainstreet was recently listed by the Indianapolis Business Journal as the third-fastest growing private company in the Hoosier State. In 2010, it was included in the Inc. 500 list of the fastest-growing private companies in America and named one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation.
Mainstreet, founded in 2002 and located in Cicero, Ind., owns, either solely or in concert with its subsidiaries, 14 properties, including 11 senior housing and care properties. Additionally, the company has another 6 health care campuses in various stages of construction and development in the Midwest. For additional information, visit http://www.mainstreetcap.net.