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Mainstreet plans $9.2M nursing home on northwest side

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Carmel-based Mainstreet Property Group plans to build a new 100-bed “health care resort” on 7 acres at 5404 Georgetown Road in Indianapolis, according to a tax-abatement request filed with the city.

The $9.25-million, 65,000-square-foot nursing-home and assisted-living facility would feature an Internet cafe, movie theaters and restaurant-style dining with an on-site chef, Mainstreet spokeswoman Kate Snedeker said. About 90 percent of the beds would be in private rooms. Seventy of the beds would be for skilled nursing, and 30 would be for assisted-living residents.

Mainstreet seeks a three-year property-tax abatement that would save the company about $468,000, according to a preliminary resolution that will go before the Metropolitan Development Commission on June 5. The site is not in a designated economic revitalization area.

The city’s Department of Metropolitan Development staff estimates the construction will increase the property value by nearly $6.5 million, resulting in about $156,000 a year in new property-tax revenue after the abatement expires. The property is now being taxed at $283 per year.

Mainstreet would lease the property to a third-party operator, which hasn’t yet been identified. Mainstreet estimates the facility operator would employ 80 people, earning an average $17.30 per hour.

Mainstreet this month was approved to receive state economic development incentives for moving its headquarters from Cicero to Carmel. The fast-growing company founded by Zeke Turner, the son of Indiana lawmaker Eric Turner, has built multiple senior-living facilities in Indiana and Illinois.

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  • This would be fantastic for the area.
    This area has been up and down hill for years. Some of the ups have been the Best Buy, Staples and WalMart that were added. This would be a tremendous boost to this area economically. Hopefully a tenant at the former Rite-Aid store will quickly take shop. This would also be great for the new walgreens on the corner. This area needs more good things happening!

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  1. Again, Maria.... how much are YOU contributing? The man doesn't HAVE to give a red cent! What don't you get about that? And, I know this might actually require some actual "facts", but can you please point me to the parking garage that the city gave to him?

  2. Another internet tuff guy I see. And what would the basis of taking the person to jail? If they were drunk, yea. But if not, there would be no jailable offense. All these gestapo, Nazi, jackboots are running SCARED. When the SHTF in this country who's side are you going to be on? The citzens, or the establishment? Better make up your mind quick because it's not far off. I would rather be trying to make friends than enemies. But no worries my "friend", God will take care of you and your likes in good time. It tells us that in the bible. If you stand, support and help carry out the plans of evil rulers, you will NOT be spared the wrath of God. That simple. All you can do is repent now and ask God to forgive you.

  3. Yes, Ersal, thank you for donating a whole $75,000, while the city gives you a parking garage for free and is going to pay for a multi million dollar stadium for you. I'd be donating money too if I was on welfare.

  4. I live and work in Broad Ripple and agree 100% that the traffic is not a significant problem. It can be slow at some times, but hey...this is an urban area. As for the development itself...HOORAY. Office and retail development brings people during the day, something that our community needs much more of. Thank goodness people are finally waking up to take advantage of the serene White River views. The BRVA land us committee endorsed the project because they know how these kind of projects help offset the cries of "too many bars". Pray that this development, and the proposed major investment by Browning, move forward. And remember Good Earth, these will mean hundreds of daytime people - potential shoppers for your store.

  5. Under current, previous existing law, this new law would be unconstitutional. Not that supposedly having to have a driver's license to drive isn't in the first place.

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