Mainstreet Property Group has plans to build a senior care campus in Wabash, Ind. and will invest more than $15 million in the project.
The campus will include hotel-style living, private rooms, and social amenities, like restaurant-style dining. The facility will offer care to seniors who require skilled nursing and assisted living, as well as to those in need of short-term rehabilitation.
“Before we make an investment, we make sure it’s true to our goal of investing in properties that serve to enhance lives and improve communities,” said Zeke Turner, chairman and CEO of Mainstreet. “Once this facility is completed, seniors will be able to receive the quality care they need in a place they can enjoy.”
Like many other areas across the nation, Wabash County is experiencing a growth in its senior citizen population.
“Health care and seniors represent significant opportunities for investment and job creation in Wabash County,” said Bill Konyha, President and CEO of the Economic Development Group (EDG) of Wabash County, Inc., who recruited Mainstreet for this project.
The construction will create as many as 44 indirect jobs, and the direct output of the project will have an annual economic impact of more than $11.7 million.
Mainstreet, located in Cicero, Ind., owns 14 properties, 11 of which are senior housing and care properties. Additionally, the company has six other health care campuses in various stages of construction and development throughout the Midwest.
Written by Alyssa Gerace