Carmel-based Mainstreet Property Group announces latest building plans

Staff report

Mainstreet Property Group, a Carmel health care developer known for constructing hotel-like rehabilitation and therapy properties, has announced plans to build 7 new facilities in Indiana by 2016.

The company estimates these projects will combine to create 3,000 permanent jobs and 8,400 temporary jobs in Indiana.

In 2014 alone, projects are currently underway in Lafayette, Terre Haute, South Bend, Kokomo and Indianapolis that will create approximately 2,500 construction jobs and 850 permanent jobs. Cities where Mainstreet intends to grow in 2015 include Carmel, Dyer, Bloomington and Crown Point.

“Mainstreet is proud to call Indiana home. Developing these medical resorts here for the use of Hoosiers, while serving as an economic engine for these cities and towns, is a rewarding result,” said Mainstreet CEO Zeke Turner. “There is meaningful opportunity to offer better health care services and to raise the bar on expectations for what is possible.”

“With millions of Americans aging into retirement and beyond over the next 20 years, there’s significant opportunity for those who can bring innovation to the tired, existing models of health care,” Turner said. “This is especially true for those who focus on rehabilitation and therapy and on getting people well and back home where they want to be. That’s Mainstreet’s unique business proposition and what is fueling our rapid growth in Indiana and beyond.”

By the end of 2014, Mainstreet expects to have created more than 8,000 permanent and temporary jobs in the state of Indiana, placing it among the state’s largest creators of new high-quality jobs.

The latest building announcement is also aimed to serve as ammunition to ward off political foes who are seeking to place a moratorium on new skilled nursing facilities with SB 173, which is currently being debated in the House of the Legislature.

The company is even enlisting local political allies in the fight against the bill.

“Mainstreet believed in Grand Park so much they became the first private development at the sports complex, building a medical resort called Wellbrooke,” said Westfield Mayor Andy Cook. “Wellbrooke has created jobs, brought in residents and set the bar for what private development should look like surrounding the park.”

The projects Mainstreet expects to finish in 2014 are Clearvista Lakes, Evergreen Place and Arlington Place in Indianapolis, Wellbrooke of Kokomo, Wellbrooke of South Bend and two unnamed developments in Terre Haute and Lafayette.

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