Mainstreet Completes $12 Million Senior Campus, Two Other Projects on The Way

Mainstreet announced it completed construction on a $12 million campus with assisted living and nursing care with 138 units in Lawrenceburg, Indiana, and broke ground on two new faciliaties in Valparaiso and Marion.

According to the company, the facilities bring new options to seniors who want a certain standard of care that would not be possible under “Certificate of Need” laws which limit competition in the health care industry.

“Our goals for these projects are twofold: to offer seniors a living space where they can receive quality care and live with a real sense of dignity, and to enrich the community by creating new jobs and constructing a building that will be a true asset to these cities,” said Zeke Turner, chairman and CEO of Mainstreet. “The Lawrenceburg facility had significant pre-leasing activity even before officially opening – a clear indication of the pent up demand that really exists in the local markets. It is because of this need that we strictly oppose legislation that would limit options available to our seniors.”

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Operated by Trilogy Health Systems, the Lawrenceburg facility will provide a superior option for seniors in need of independent living, assisted living, Alzheimer’s care or skilled nursing, while generating more than 150 jobs in the community.  The facility will also offer short-term rehabilitation and therapy services for individuals of all ages in need of such services.

For the project in Marion, Mainstreet is participating in a participating in a $13 million Planned Urban Development project spanning 200 acres. With its 100-bed senior housing facility, Mainstreet will act as anchor tenant in the revitalized neighborhood. The facility will provide not only a living space and a continuum of care to seniors, but also a meeting and event space for the entire community.

”We’ve been preparing for this project for over two years,” said Adlai Chester, Mainstreet Chief Financial Officer. “Our priority is to promote dignity of life for seniors while positively impacting communities across Indiana, and Marion represents the culmination of these goals.”

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Scheduled for completion in early spring of 2012, the Marion facility is expected to create more than 300 construction jobs and 100 permanent positions.

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