PRESS RELEASE: MAINSTREET BREAKS GROUND ON $13.5 MILLION FACILITY ADJACENT TO GRAND PARK

FOR IMMEDIATE RELEASE

Contact: Derek Todd
Email: dtodd@westfield.in.gov
Phone: 317-804-3013
Cell: 317-804-5818
June 19, 2012

MAINSTREET BREAKS GROUND ON $13.5 MILLION FACILITY ADJACENT TO GRAND PARK

WESTFIELD, IN, June 19, 2012 Westfield Mayor Andy Cook announced last summer that Mainstreet Property Group will builda 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 this week, according to city officials.

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. 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 impact of construction in 2012.

"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 Westfield Mayor Andy 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, says Cook.

Providing healthcare for a variety of short-term and long-term needs, Cicero-based Mainstreet Property Group offers guests concierge-based health care in a hotel-like atmosphere. Mainstreet's Next Generation™ design includes multiple social destinations, restaurant-style dining, spacious private rooms and baths, and therapy/wellness. 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 and one of 41 "Companies to Watch in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation. For 2012, Mainstreet has identified 10 new locations and has begun the land acquisition process in Illinois, Ohio and other Midwestern states.

For additional information, visit http://www.mainstreetcap.net


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