CROWN POINT | The Plan Commission on Monday approved a proposed senior living facility on newly annexed south side acreage.
Carmel, Ind.-based Mainstreet Property Group plans an assisted living and skilled nursing center capable of housing about 70 people at 1555 S. Main St. in Crown Point. About 100 jobs would be created, a representative of the company said.
The facility valued at up to $15 million would be on about 8 acres of a 20-acre site, with about 860 feet of frontage on Main Street, said Jeff Ban, representing Mainstreet Property Group.
A retention pond is planned on about 3 acres to collect stormwater, Ban said. City water and sanitary sewer lines are nearby.
The planning board approved a primary subdivision plat and agreed to recommend in favor of Mainstreet Property Group's petition for office service district zoning, in a change from residential zoning. The City Council has the final say.
The council earlier this month approved annexing the approximately 20-acre site south of 125th Avenue, between Main and Marshall streets, and west of Crown Point High School.
A fiscal plan laying out the expected financial impact to the city also was approved. The city could expect a return of revenue ranging from $1.09 to $2.74 for every $1 cost to the city in the first five years after the senior center is developed, according to the fiscal plan.
Mainstreet Property Group is a developer of senior housing and care properties in Indiana and other states, including a trademark brand of concierge-based health care facilities with restaurant style dining, private rooms and baths and other amenities, according to the company's website.