100 Oaks transformation coming soon

Tuesday, October 30, 2007 at 1:41am

Hundreds of community leaders, area business representatives and Vanderbilt University Medical Center employees turned out Monday night to get a detailed look at renovation plans for 100 Oaks Mall.

VUMC is preparing to occupy more than half the mall, leasing about 440,000 square feet of space to create a facility dubbed Vanderbilt Health at One Hundred Oaks.

The slated changes have the potential to dramatically affect the surrounding neighborhood.

“Our intention here is to make this a significant part of the community. Maybe even a hub of the community,” said Tony Ruggeri, who with Frank Mihalopoulos is a partner in 100 Oaks Plaza LLC and M & R Investors, LLC, of Dallas.

Though plans have not been finalized, images shown at Monday’s event indicated at least preliminary ideas for a pedestrian bridge over Thompson Lane to a merchant-rich area of Berry Hill, which officials said could have a positive impact both on Berry Hill and on Thompson Lane traffic.

Other images indicated a possible reworking of the mall’s entrance from Powell, where traffic is currently channeled by one-lane, one-way entrance and exit ramps. In their place may be a single entrance, with a traffic light, directly across from an entrance to Home Depot.

Vanderbilt Health is slated to open in the summer of 2008, though the first clinic to move to the mall — a children’s rehabilitation facility — is expected to open by the end of this year.

For VUMC, the investment is a large one. C. Wright Pinson, associate vice chancellor for clinical affairs at VUMC, said Monday that officials expect to invest $64 million in coming years — that includes $28 million for build-out and renovations, in addition to the $36 million net present value of the lease.

“One Hundred Oaks will be our largest clinic away from our 21st Avenue location,” Pinson said in a statement. “Large enough that it will be considered a second major campus for the Medical Center.”

Ruggeri declined to say how much mall management is investing in the project, saying only that it is “a significant amount.”

The initial lease is for 12 years, with five renewal periods of 10 years, Pinson told The City Paper when the lease was signed in July. The deal includes a right of first refusal for VUMC to purchase the entire mall if Mihalopoulos and Ruggeri attempt to sell it, and for VUMC to have options to lease more space if existing tenants leave.

Mall management intends to announce plans for leasing retailers, including restaurants, early in the first quarter of 2008, Ruggeri said. Approximately “90 percent” of planning for changes to mall access has been determined. 100 Oaks owners are currently working with Metro as well as the City of Berry Hill to finance the proposed changes.

As for Vanderbilt Health itself, amenities announced Monday include beepers patients can carry, allowing them to shop at nearby stores while waiting to see a physician, as well as base-level LEED certification for the area’s interior.

Filed under: City Business
By: morpheus120 on 12/31/69 at 6:00

So far so good, but cross your fingers that the access issues from Powell and Thompson Lane are handled properly. There's potential for massive traffic jams and confusion @ 100 Oaks with the arrival of VUMC.Good to see too, that Vandy appears to be taking the lead in LEED building standards. This is something we should be requiring of all our major employers who embark on new or refit construction projects.Again - so far, so good.

By: JeffF on 12/31/69 at 6:00

Personally I could care less about LEED since it actually does not improve the quality of life of anyone and just increase the cost to levels of silliness. But it would be nice for them to just pick up the entire Vanderbilt Clinic and move it here. The entire hospital area is the biggest pain in the neck and taking at least of the traffic and parking stress off of patients would be a HUGE improvement. Ensuring that the proper landscaping is in place around the building contributes nothing to the quality of actual healthcare. If LEEDS adds 50% to all costs then it should be flushed with every other useless Green idea. Requiring all new major employers to do this is a good way to send still more money and current/new employers to Williamson County. Can we not learn from Metro's mistakes instead of just making newer/bigger ones? It may make the greenie weenie in you feel good to know that those employers are not in Nashville, but the non-parentally supported rest of us would like to have jobs, not trees, for everyone in Nashville.