Transactions - JUNE 19, 2017

Mall transforms into wellness and medical facility

by Andrea Waitrovich

The retail space of malls has been a popular topic of discussion this year, specifically transformation of the vacant space. For example, pop up stores as new tenants are a growing and trend and malls repositioning themselves into entertainment centers.

The Wall Street Journal recently reported medical providers are moving into mall spaces as well. Landlords looking to fill vacancies with creditworthy tenants, who will stay in their leases long term.

Earlier this month, Life Time opened its Life Time Athletic Chestnut Hill in Boston, a wellness and medical facility. It is the company’s first Diamond Premier location and third Life Time in the Greater Boston market.

The 286,000-square-foot Life Time Center was formerly the Atrium Mall. Among its amenities, Boston's newest Life Time is the city's ultimate boutique with seven dedicated studios featuring a myriad exclusive fitness and athletic classes led by the best instructors in the area, along with LifeCafe, a full-service, fast casual restaurant and bar, and LifeSpa, a full-service salon and spa providing nine serene and relaxing treatment rooms for massage and facials as well full hair and nail services.

The planned first-of-its-kind LT Proactive Care – Chestnut Hill Medical is a medical practice focused on innovative ways to help patients achieve optimal health. Bringing together an integrated, whole-body approach that incorporates the three pillars of optimal health: medicine, nutrition, and exercise, the multidisciplinary team of medical providers and registered dieticians, led by practice owner and medical director, Jessica Lee Amorosino, MD, FAAP, works with Life Time personal trainers to help build personalized care plans centered on functional lifestyle solutions for each patient.

Patients will have access to services such as Dexa scans, one of the most highly accurate measurements for body composition, along with nutrition coaching, metabolic assessments and other testing to create truly personalized plans to achieve health objectives and fitness goals.

An affiliate of The Bulfinch Cos. is the developer and owner of Life Time Center.

Other malls include the the Jackson Medical Mall in Mississippi, which houses the University of Mississippi Medical Center Cancer Institute, and the One Hundred Oaks mall in Tennessee, which Vanderbilt University Medical Center moved in as an anchor tenant in 2009.

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