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Developer plans $13M senior-living center in Westfield

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Cicero-based developer Mainstreet Property Group LLC plans to build a $13.3 million senior health care center in Westfield, the city announced Wednesday morning.

The 65,000-square assisted living facility, to be located on 7.5 acres next to Grand Park, will have 100 private suites and employ about 150 people when it opens in 2012.

Westfield officials say the development will support about 209 jobs during the construction phase.

Mayor Andy Cook said Mainstreet was lured to the site because of plans for the 300-acre Grand Park sports development near State Road 32 and U.S. 31. Tax incentives were not part of the deal, the city said.

The facility will feature “hotel-style living,” “multiple social destinations” and “restaurant-style dining,” according to the developer.

Mainstreet, founded in 2002, owns or co-owns 14 properties in the Midwest, including 11 senior housing or care centers. It has another six health care facilities under development.

The company has been ranked among the fastest-growing companies in the Indianapolis area by IBJ the past two years. It had revenue of $8.1 million in 2009, up from $4.4 million in 2007.





 

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  • Same Old
    Whats sad about 95% of these companies that they built multi-million dollar facilities and then they purchase the cheapest equipment from China or Mexico available-wheelchairs, beds, etc.. Look nice on the outside but awful for the resident on the inside!!!
  • Senior Placement
    This sounds like a great facility for seniors. Does this facility offer any in home care services for seniors? That would be something I would be interested in. Thank you
  • Employment
    How would I get in touch with Westfield Health Center (newest project) for employment?

    Please respond, thank you
    Jean Brown
  • Lots In Common
    The old folks can sit on the front porch and give the whipper snappers a good frowning. At least until Matlock comes on. "You darn kids better keep that ball out of our yard!"
  • I don't make the connection
    What do residents at a senior health care facility care about being next to a sports park - I think Cook is stretching the merits of the sports park a bit!!

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

  5. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

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