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Simone Development Welcomes Three New Retailers at Revitalized Post Road Plaza in Port Chester, NY

Nothing Bundt Cakes, Nailed It Spa and European Wax Join Tenant Roster at Recently Renovated, LA Fitness-Anchored Strip Center Along US Route 1

PORT CHESTER, NY (April 19, 2023) – Simone Development Companies has recently welcomed three new retail tenants that have leased more than 4,000 square feet of prime retail space at Post Road Plaza at 262 Boston Post Road (US Route 1) in Port Chester, NY. The nearly 63,000 square-foot strip center, anchored by a 40,572 square-foot stand-alone LA Fitness, has been recently renovated and new signage is being installed along the highly-trafficked shopping corridor.

Cake franchise Nothing Bundt Cakes has signed a long-term lease for 1,760 square feet at Post Road Plaza in space formerly occupied by a Kentucky Fried Chicken restaurant for the last 30 years.
They will celebrate their grand opening on Friday, April 28 with a special “Don Bosco’s Community Center Benefit Day” in which 20% of sales will be donated to an organization dedicated to enabling all people, especially the young who need it most, to realize their fullest potential as productive, responsible and caring citizens.

In addition, growing local salon Nailed It Spa has signed a new lease for 1,000 square-feet and will open shortly, and expanding franchise European Wax Center, with more than 850 locations nationwide including nearby Hartsdale and New Rochelle, inked a 1,534 square-foot lease and has recently opened for business at Post Road Plaza. There is currently 1,000 square feet of inline retail and a 3,485 square-foot end cap space available at the property.

Joanna Simone, Principal and President of Leasing and Property Management Operations at Simone Development, arranged the transactions on behalf of ownership, along with Scott Meshil and Karnit Mosberg of Royal Properties, Inc., exclusive leasing agents for Post Road Plaza. Also assisting from Simone Development were Hannah Coyman and Rob Carinci for leasing, and Sean Heneghan and Patrick Doyle for legal.

Peter H. Levine of Charter Realty & Development represented Nothing Bundt Cakes; Chris Krzeminski
of CJ Pagano & Sons, Inc. represented Nailed It Spa; and Dan Demasi of Julia B. Fee Sotheby’s International Realty represented European Wax Center in the lease negotiations.

“Simone Development is pleased to welcome Nothing Bundt Cakes, Nailed It Spa and European Wax Center to the tenant roster at our Post Road Plaza property, located along one of the most highly-trafficked retail corridors in the Northeast,” said Ms. Simone.

Located minutes off of I-95 and I-287, with close proximity to the Hutchinson River Parkway, Post Road Plaza was recently renovated, with new pylon signage in progress, and includes free parking for 250 vehicles. In addition to anchor LA Fitness, existing tenants include Domino’s Pizza, Subway, Pet Spa Center, Mattress Firm, Ella’s Beauty Lounge, and Wei Wong Kitchen.

About Simone Development Companies
Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over 7 million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With services spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.

2023-04-20T12:06:47-04:00April 19, 2023|
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Life Science Forum Reveals How Computing Will Help Developers Convert Office Buildings To Research Labs

Advanced computing will facilitate the conversion of outdated office buildings into life science laboratories, said Joseph Simone of Simone Development Companies.

“Life science laboratories are becoming less reliant on Bunsen burners and faucets in favor of advanced computers. This ‘drying’ of wet labs means that owners of older office buildings or warehouses have new opportunities to reposition their properties for the medical research sector,” said Joe Simone, President of Simone Development Companies.

At the March 29 Crain’s New York Business Life Science Forum in New York City, Dr. Ayman El-Mohandes, Dean of the CUNY Graduate School of Public Health and Health Policy, said computers are dominating his institution’s lab spaces. El-Mohandes explained that equipment for cutting-edge research no longer requires a messy wet-lab environment, allowing for a greater flexibility of uses in office buildings near research centers and universities.

Hope Knight, Commissioner of Empire State Development, New York’s economic development agency, also spoke at the forum. Knight described New York’s $25 million investment in a pilot “Lab of the Future” in Midtown Manhattan that will rely on automation, artificial intelligence and machine learning to make the preclinical drug discovery process faster, fuel business growth and create more life science jobs. Knight noted that 10 percent of the nation’s cancer patients are in New York, which allows researchers to gather important data that can make New York a leader in the cell and gene therapy space.

“The exciting investments and advances discussed at the Crain’s Life Science Forum are a signal to healthcare real estate developers that we can successfully repurpose existing structures for the labs of the future,” said Danielle Contillo, Principal at Simone Development Companies.

Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail, and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over 7 million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With services spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.

2023-04-13T10:22:58-04:00April 13, 2023|
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New York’s award of $13.5 million for carbon-neutral housing is motivating builders to embrace sustainable technologies, said Joseph Simone of Simone Development Companies

Bronx, N.Y. (April 5, 2023)—New York’s March 21 award of $13.5 million for low-carbon residential projects is motivating builders of affordable housing to incorporate the latest sustainable technologies, said Joseph Simone of Simone Development Companies.

“New affordable housing complexes often emphasize amenities like fitness and community rooms, but it is equally as important that builders consider the cost feasibility of climate-friendly measures like low-flow plumbing, LED light fixtures and geothermal heat pumps as electricity and natural gas prices rise,” said Joe Simone, president of Simone Development Companies.

Climate-friendly affordable housing made news on March 21 when New York Gov. Kathy Hochul announced the winners in the third round of the Buildings of Excellence Competition for the design, construction and operation of clean, resilient, and low-carbon or carbon neutral multifamily buildings. The competition supports New York’s goals to reduce greenhouse gas emissions 85 percent by 2050.

In New Rochelle, N.Y., Simone Development Companies and Stagg Group are building West View Apartments, a 186-unit affordable housing development for families whose income is at or below 60% of the area median income.

West View Apartments’ design embraces the spirit of the Buildings of Excellence Competition with sustainability measures that include compliance with Enterprise Green Community and Energy Star MFNC (multifamily new construction) standards, low-flow plumbing fixtures, LED light fixtures with motion sensors, dark-sky-compliant exterior light fixtures and the use of paint and sealants with low volatile organic compound emissions.

New Rochelle is in the midst of a transit-oriented development boom that has 25 significant downtown projects either completed or under construction. Simone Development Companies’ and Stagg Group’s West View Apartments tower will deliver a complex with all-affordable units to this dynamic residential market.

“We are proud to offer New Rochelle a lower-cost and amenity-rich residential opportunity that upholds the highest environmental standards while looking no different from the surrounding luxury towers. This building proves that climate-smart affordable housing is doable with careful planning,” said Megan Guy, senior vice president of development at Simone Development Companies.

Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail, and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over 7 million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With services spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.

2023-04-05T11:33:39-04:00April 5, 2023|
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Joseph Simone says that Housing is Critical for New Life Science Sites

Bronx, N.Y. (March 21, 2023)—New life science campuses are incorporating more housing to satisfy knowledge workers’ demand for live, work, play communities, said Joseph Simone of Simone Development Companies.

“Life scientists and tech workers increasingly expect communities where walking or biking to work are viable options. These employee preferences are leading developers of mixed-use healthcare and life science projects to incorporate more workforce housing into their plans,” said Joe Simone, president of Simone Development Companies.

The latest example of this mix is New York developer RXR’s plan for a $3 billion community in North Carolina’s Research Triangle. RXR has proposed building 750,000 square feet for life-science research, logistics and education. A housing component includes 1,100 single-family homes and 1,000 rental apartments.
RXR called the development site in Apex, N.C., a “superstar region” with strong education and healthcare systems that are magnets for knowledge workers in search of a superior quality of life.

Access to housing is essential for the growing health tech sectors nationwide. At the March 7 Life Sciences Forum in Worcester, Mass., the president of Lykan Bioscience said that his region’s high housing costs hindered his company’s growth and recruitment.

In the Bronx, Simone Development Companies’ Hutchinson Metro Center is a 42-acre, mixed-use campus planning a 33-acre expansion that may include life science labs, medical offices, housing, and destination retail. Around the Hutchinson Metro Center, New York City’s planners envision up to 6,000 new housing units to support the growth of employers in this job center populated by hospitals, the Albert Einstein College of Medicine and affiliated healthcare businesses.

“Life science and healthcare executives have clearly linked the availability of quality workforce housing to their growth. Simone Development Companies is studying the feasibility of workforce housing opportunities for our Hutchinson Metro Center expansion to enhance our future tenants’ recruitment efforts,” said Joanna Simone, principal and president of leasing and property management operations at Simone Development Companies.

Simone Development Companies is a full-service real estate investment company specializing in the acquisition and development of healthcare, mixed-use, office, industrial, retail, and residential properties. Headquartered at the Hutchinson Metro Center, it boasts a portfolio of over 7 million square feet throughout the Bronx, Manhattan, Queens, Long Island, Westchester County, Orange and Fairfield Counties and New Jersey. With services spanning acquisition, development, construction, finance, asset management, accounting, leasing and property management, Simone Development Companies is set apart by its vertically integrated management team, long-term asset ownership and its pursuit of visionary development.

2023-03-21T10:40:16-04:00March 21, 2023|
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Joseph Simone of Simone Development Says New AI Lab Underscores New York City’s Attractiveness

BRONX, NY (May 2022) — Joseph Simone of Simone Development Companies says Absci’s recent announcement that it will open an artificial-intelligence research lab in New York City is another sign that start-ups want to be close to young talent conducting noteworthy research.

“Institutions like Columbia University have graduate and doctoral students conducting cutting-edge research in artificial intelligence, life sciences and oncology, so companies like Absci need to be where the talent lives,” said Joseph Simone, president of Simone Development Companies.

The Vancouver, Washington-based Absci recently announced that it will open its research lab at the Carnegie Hall Tower in Manhattan. The location puts Absci’s lab a short subway ride from Columbia University, Google, and the Samsung AI Center.

“Growing companies want to be where the talent lives and studies. The need for proximity to talent is one reason why Simone Development Companies is enthusiastic about our Hutchinson Metro Center, which is a short walk from a major medical research center—the Einstein College of Medicine,” said Patricia Simone, Principal and President of Simone Management Group.

Simone Development Companies is in the process of expanding its Hutchinson Metro Center campus to include life-science-focused laboratories for medical research. The campus will sit next to a new Metro-North train station that will soon provide commuters direct access in 25 minutes to Penn Station and New York City’s other innovation corridors.

The research excellence and entrepreneurial vision of faculty at the Einstein College of Medicine contributed to the recent announcement that the faculty will receive two 2022 XSeed Awards to advance promising basic science findings that have start-up potential. As the Einstein faculty’s research progresses, they will build relationships with investment groups and licensing partners to further develop their discoveries.

“The Hutchinson Metro Center is ready to provide space to any of the start-ups launched by the new research coming out of the Einstein College of Medicine,” said Mrs. Simone.

2022-05-23T12:19:37-04:00May 11, 2022|
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R.A.I.N. Honors Joseph Kelleher of Simone Metro Properties

BRONX, NY (May 2022) — Joseph Kelleher, president of Simone Metro Properties, was honored for his ongoing support of Regional Aid for Interim Needs Total Care, Inc. (R.A.I.N.) at the Bronx-based service provider’s Sixth Annual Golf Outing on May 3rd at the Leewood Golf Club in Westchester County. For the past 58 years, R.A.I.N. has offered compassionate, quality care through a continuum of services for people with disabilities of all ages, including the operation of full service older adult centers; delivery of over 1,600 meals to homebound elderly; transportation services for medical appointments; home care; benefits and entitlements assistance; case management and Alzheimer’s caregiver support services; and operation of the Cucina Dolores Mobile Food Kitchen program. Pictured with Mr. Kelleher (left) at the event is R.A.I.N. President and CEO Anderson Torres, PhD, LCSW-R.

Mr. Kelleher has been a long-time supporter of R.A.I.N. He joined Simone in 2003 to direct the leasing and management of the Hutchinson Metro Center, the company’s highly successful mixed-use complex in the Pelham Bay section of the Bronx, featuring 1.4 million square feet of Class A office, medical, retail and educational space, a Marriott hotel and top-notch amenities including a café, conference center, pharmacy, fitness center, car wash and more in a 42-acre landscaped campus setting. Kelleher also serves as President of the Bronx Chamber of Commerce and as an Adult Leader for The Boy Scouts of America.

Simone Metro Properties is a division of Simone Development Companies, a full-service real estate investment company specializing in the acquisition and development of healthcare, office, retail, industrial and residential properties. Headquartered in the Bronx, the privately held company owns and manages more than 7 million square feet across 130 properties in the Bronx, Westchester County, Queens, Long Island, New Jersey and Connecticut.

2022-05-10T12:47:53-04:00May 1, 2022|
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