Lovelace on Thursday said it will open a new medical clinic on Isleta Boulevard just south of Rio Bravo later this year.
Preliminary negotiations with other medical-focused tenants are under way, said Keith Meyer member of the retail leasing team at NAI Maestas Ward, along with Clayton King. The Maestas Development Group and Four Daughters Development will build a freestanding 16,000-square-foot building; Lovelace will lease 9,000 square feet of the space.
Meyer said other health care tenants are drawn to the density and high traffic at Las Estancias, the 81-acre project that Meyer said will address demand for retail, restaurants, entertainment and services in the southwest corner of the metro area.
Meyer said the 150,000 residents in the area have been underserved “in every aspect” of services and retail, including medical providers.
After the building shell is complete, Lovelace will sink an additional $1.5 million in tenant improvements in the new clinic, including furniture, fixtures and equipment, said Lovelace Medical Group CEO, Dr. John Cruickshank.
“This will be our southernmost practice in the county,” he said. Construction is set to start in July.
Clinic providers will include an OB-GYN, certified nurse midwife, primary care physician and a primary care advanced practice provider, as well as a dozen support staff. Cruickshank said the staff will be new hires.
“Albuquerque is in need of physicians across the city, and the South Valley is no exception,” said Cruickshank. “Primary care and OB-GYN providers are especially important in these neighborhoods where families are growing. We are committed to providing quality health care for our entire community.
“We are considering other areas for bricks-and-mortar expansion,” in New Mexico, he added. Lovelace has expanded to 25 clinics in Albuquerque and Roswell. In addition to the facility in the South Valley, Lovelace will be the anchor tenant in a medical office building going up near Jefferson and Osuna.
The Las Estancias clinic will be designed by the Hartman + Majewski Design Group. Dan Newman and Debbie Dupes from CBRE Commercial Real Estate represented Lovelace. Wilger Construction is building the clinic.