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NY’s biggest landlords adding in-house doctors to tenant amenities

SL Green has signed a concierge medical service at 750 Third Avenue which will provide tenants with healthcare services directly within the building, including COVID-19 testing, vaccinations, annual physicals, treatment for urgent issues, mental health and more.

Tenants of neighboring 485 Lexington will also be able to use the Reside Health facility, the company’s second in Manhattan following its opening in TF Cornerstones Carnegie Hall Tower in May.

“Forward-thinking tenants are continuing to look for new, more personalized ways to address employees’ needs,” said Steven M. Durels, executive vice president and director of leasing at SL Green.  “Reside provides just that while keeping the whole building healthy and safe. We’re thrilled to welcome them to the building and to continue working with innovative organizations on behalf of our clients.”

750 THIRD AVENUE

A team from Colliers arranged the multi-year agreement at 750 Third Avenue for Reside Health. Vice chairman Marcus Rayner and managing director Sam Einhorn exclusively represent Reside for its New York real estate needs.

“Reside Health facilities don’t require large footprints and make extremely efficient use of space,” said Einhorn. “Unused lobby or mezzanine space, amenity floors and regular office space can all support a location that will provide landlords with long-term value and tenants with peace of mind.”

Founded by Kevin Ryan, one of the country’s leading technology investors and entrepreneurs, and Komal Kothari, a Harvard-trained physician, Reside offers commercial real estate properties a unique health and wellness amenity that many landlords are actively seeking in order to help attract and retain new tenants.

“This past year has reminded us just how conscious and careful we all need to be about our health,” said Dr. Kothari. “Reside’s model of providing primary care and wellness services as an amenity is the future of how commercial properties will look after their occupants. By making healthcare more accessible than ever, we help landlords create elevated experiences and safer workplaces in the post-pandemic world.”

Building occupants and select other participants will be able to book same-day appointments through Reside’s app, check in electronically, and easily come down for the appointment, with no need for time-consuming travel. Unlike a typical doctor’s office, Reside Health does not have a waiting room, with its new space boasting beautiful, modern design and a spa-like feel.

“Every landlord has taken steps to make the work environment healthier, from installing improved HVAC systems to placing sanitation stations around buildings,” said Rayner. “However, forward-looking landlords are using this unique moment in time to differentiate their properties by also implementing world-class health-focused amenities. As the office market continues to mount its comeback, amenities like Reside are a factor that tenants consider strongly when making their real estate decisions.”

750 Third Avenue is a Class A office property that is located just two blocks from Grand Central Station. The 34-story, LEED Silver-certified building is owned and managed by SL Green Realty, and was renovated in 1984. Notable building tenants include FTI Consulting, Ropers, Majeski, Kohn & Bentley and Sompo International.

Jake Elghanayan, principal at Carnegie Hall Tower ownership, TF Cornerstone, has called Reside “the healthcare model of the future.”

After welcoming the company to his building, Elghanayan said, “Now, workers will be able to see the doctor without the hassle of taking time off of work, sitting in waiting rooms or navigating massive healthcare facilities.”

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