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Carmel-based Mainstreet Announces the Creation of 3,000 Permanent Jobs and 8,400 Temporary Jobs in Indiana over next three years

Financial Impact to Indiana estimated at approximately $3 billion

CARMEL, Ind., Feb. 7, 2014 /PRNewswire/ -- Mainstreet Property Group, one of the nation's most innovative health care developers, known for developing desirable, hotel-like rehabilitation and therapy properties, has announced a significant pipeline of 2014-2016 planned Indiana development projects.  These projects will combine to create 3,000 permanent jobs and 8,400 temporary jobs in Indiana, and will have a financial impact to Indiana of an estimated $3 billion.

In 2014 alone, projects currently underway in cities including Lafayette, Terre Haute, South Bend, Kokomo and Indianapolis will create approximately 2,500 construction jobs, 850 permanent jobs, and have a total economic impact of over $850 million.  A complete list of the 2014 under-development projects is below.  Cities where Mainstreet intends to grow in 2015 include Carmel, Dyer, Bloomington, Crown Point and others.

"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 Zeke Turner, Chairman and CEO of Mainstreet.  "Now active in 14 states, Mainstreet is growing rapidly nationwide, but I am excited to also be able to benefit my home-state of Indiana.  There is meaningful opportunity to offer better health care services and to raise the bar on expectations for what is possible.  Where many see uncertainty in the changing health care landscape, we see opportunity to design, build and offer a model that appeals to the consumer – one focusing on comfort, dignity and privacy.

"With millions of Americans aging into retirement and beyond over the next 20 years (the oldest 'Boomers' turn 67 this year), there's significant opportunity for those who can bring innovation to the tired, existing models of health care," Turner continued. "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."

Already, over the last five years, Mainstreet has developed 10 properties in Indiana communities including Wabash, Crawfordsville, Westfield, Avon, Lawrenceburg and Mishawaka. This was the result of an investment of more than $125 million by Mainstreet, and created 1,400 new permanent jobs, 3,500 construction jobs, and had an economic impact of nearly $1.3 billion. 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.

"Mainstreet believed in Grand Park so much they became the first private development at the sports complex, building a medical resort called Wellbrooke," says 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. Westfield is honored Mainstreet and its partner, Life Care Services, wanted to be a part of our future."

As important as jobs and economic growth are, the medical resorts developed by Mainstreet transform the way healthcare is delivered to aging Americans and immediately impact the quality of life in local communities. They provide a warm, welcoming environment with a host of unique features, designed to create an inviting and engaging atmosphere including an in-house movie theater (complete with popcorn machine), outside fire pit, fireplaces, salon/spa for haircuts and manicures, fitness center, game room, art and music classes and walking trails. Services are built around the residents' interest and schedule, a departure from traditional facilities.  The facility is also designed to attract family and friends and encourage them to spend more quality time with loved-ones.

"Clearvista Lakes Health Campus is proving to be a great opportunity for my parents to thrive," said Mike Hadley. "It's a close knit atmosphere fostered by a kind & caring staff.  They are well cared for and their needs receive quick attention."

2014 projects
Clearvista Lakes, Indianapolis
Number of permanent jobs – 120
Number of construction jobs – 350
Economic Impact – $125 million (estimated over a 10 year period)
Opening Date – January 2014

Arlington Place, Indianapolis
Number of permanent jobs – 125
Number of construction jobs – 350
Economic Impact – $132 million (estimated)
Opening Date – February 2014

Wellbrooke of Kokomo
Number of permanent jobs – 140
Number of construction jobs – 350
Economic Impact – $119 million (estimated)
Opening Date – March 2014

Wellbrooke of South Bend
Number of permanent jobs – 120
Number of construction jobs – 350
Economic Impact – $125 million (estimated)
Opening Date – July 2014

Evergreen Place Indianapolis Georgetown & 56th Street
Number of permanent jobs – 120
Number of construction jobs – 350
Economic Impact – $125 million (estimated)
Opening Date – September 2014

Unnamed Development in Terre Haute
Number of permanent jobs – 123
Number of construction jobs – 350
Economic Impact – $105 million (estimated)
Opening Date –November 2014

Unnamed Development in Lafayette
Number of permanent jobs – 120
Number of construction jobs – 350
Economic Impact – $125 million (estimated)
Opening Date – November 2014

Contact: Kate Healey Snedeker, Mainstreet
ksnedeker@mainstreetcap.net, 317.258.3748

SOURCE Mainstreet Property Group

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