Las Estancias, the $70 million retail development near heavily trafficked Rio Bravo and Coors boulevards, includes not only a Walmart, restaurants and other retailers, but it also has attracted medical clients like Lovelace Medical Group and Presbyterian Healthcare Services, which plans to open a clinic next year.
Lovelace’s recently opened clinic focuses on primary care and OB/GYN services. Built by Wilger Construction, Lovelace is leasing 9,000 square feet of space in a 16,000-square-foot freestanding building that will accommodate other medically-focused tenants.
Presbyterian’s clinic on Isleta has outgrown its current location and will move to 3630 Las Estancias to better meet the needs of patients, said Dr. Angela Gallegos-Macias, medical director of Presbyterian Medical Group on Isleta.
The design phase is expected to take several months with the hope that construction could begin this summer, she said. Presbyterian plans to open the new business by fall 2018.
A physical therapy clinic also is slated to set up shop soon in the center, according to Randall Parish, the leasing agent with NAI Maestas & Ward, which represents the landlords, Maestas Development Group and Four Daughters Development.
Donald Sanchez, owner of Paradigm Physical Therapy, is enthusiastic about business prospects at Las Estancias. Paradigm will take over a 4,500-square-foot space next to the Lovelace clinic, its fourth location in central New Mexico, he said.
“We will break 50 employees (companywide) with this location,” said Sanchez, adding that six to eight full-time staff will be at the new location.
Parish expects other health care tenants will be drawn to the density and high traffic at the 81-acre development. As planned, Las Estancias will comprise 500,000 square feet at full buildout.
Parish said the 150,000 residents in the area have been underserved “in every aspect” of services and retail, including medical providers. Several others are eyeing leasing opportunities in the center, he said.