As landlords continue to seek ways to draw workers back to the office, one is standing out — wellness and safety. That’s why developer TF Cornerstone has welcomed Reside Health, a concierge, member-based health and wellness center, to a 1,700-square-foot space within its Carnegie Hall Tower office building at 152 West 57th St.
Featuring a team of internists, therapists, a registered dietitian and an acupuncturist, Reside Health offers everything from COVID-19 testing before work to primary care services like physicals and advice on health policies and benefits in the workplace. (Specialists also are available once a month or so.) The amenity allows building occupants to book appointments through the Reside website and see their doctor immediately, eliminating the need for a waiting room and giving patients more one-on-one time with their doctor. The spaces are designed as more of a hospitality-like amenity rather than a traditional doctor’s office and provide much-needed convenience for basic such as COVID-19 tests, vaccinations and even pap smears.
The idea was a no brainer, especially for a landlord that believes it serves two clients — the companies that sign for the space and the employees who are the true end users of the space, said Jake Elghanayan, senior vice president of T.F. Cornerstone.
“Not many financial services firms are huge companies that can afford the scale to have an in-house health care offering,” Elghanayan said. But both the company and its employees want health care advice.
Elghanayan and Reside Health through a mutual friend and discussed the synergy, he continued.
“[Reside] was in a startup mode, and it was clear that bringing a doctor to a building of reasonable tenants was better economics for the practice,” he said. “We knew the two would work well together and it sounded great to us because we’re focused on the amenity component.
After negotiating terms that “were more of a partnership” rather than a traditional rent, Reside Health moved into the building after Cornerstone built the space in to its specifications in summer 2021. It was an instant hit. The group takes most insurances and has provided services including helping a tenant prepare for a corporate meeting in the mountains.
“The reaction has been very favorable,” Elghanayan said.
And it likely is a harbinger of the future, especially as T.F. Cornerstone and other companies seek amenities to attract office users back in the post-pandemic era.
“We’re never going back to the old world, where health is in its own box,” he said. It’s especially appealing as health care becomes more and more personalized, and as companies want that custom touch.”
Cornerstone also has fitness facilities in some of its residential buildings, and the two uses are beginning to move toward each other, he noted. But some of these uses largely are suited to higher-end buildings, simply to make a deal pencil out.
Carnegie Hill was Reside Health’s inaugural site, and it has since opened locations at SL Green’s 485 Lexington Ave. and 750 Third Ave. Cornerstone also is looking for another spot in its portfolio, Elghanayan said.
“It’s about trying to find the right space and the right model.”
