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

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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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