California developers are creating the Village at Rio Rancho, a 63-acre health-care plaza adjacent to Presbyterian Rust Medical Center.
According to the developer’s flyer, the project is the “premier development opportunity in the heart of the Unser Gateway.” Colliers International, a real estate and investment management company, is developing the project.
Bob Feinberg, senior vice president and principal at Colliers International, said this development will have a wide range of medical offices or related business with about 20 percent of retail included.
“This is the perfect project for that intersection,” said Joseph Fetterman, executive vice president of Colliers International.
About 60 percent of Colliers International business deals with medical-oriented development, he said.
“We specialize in health-care facilities, and we are in touch with a significant number of national medical practices and medical developers. And we deal with the health system across the country,” he said.
Fetterman said the cost hasn’t been defined.
According to the Colliers flyer, lots ranging in size from not quite 1 ½ acres to about 7 ½ acres would sale for $13-$23 per square foot. About 24 acres near the Westside and Unser boulevards intersection will be available for retail. Another 33.6 acres will be available for medical-related practices.
The developers don’t yet have a timeline for construction. Health and wellness is a driving force in Rio Rancho with Rust and UNM Sandoval Regional Medical Center on each end of Rio Rancho, Feinberg said.