Simone Development Announces ReadySpaces Signed Lease for Entire 110,300-Square-Foot Building at 250 E. Sandford Blvd, Mount Vernon

ReadySpaces Provides Next-Generation Commercial Warehousing and Workspace to Businesses Looking for Flexible, Turnkey Spaces

MOUNT VERNON, NY (August 2023) — Simone Development Companies has announced that ReadySpaces, a warehouse storage provider for small businesses, has signed a long-term lease for the entire 110,300-square-foot building at 250 E. Sandford Boulevard in Mount Vernon, NY.

Josh Gopan, Vice President of Leasing, and in-house counsel Patrick Doyle represented Simone Development in the lease transaction. “We are delighted to have ReadySpaces, a fast growing and innovative company, as our single tenant at 250 East Sandford Boulevard. This facility provides ReadySpaces with an abundance of modern industrial/flex space in a convenient location that offers easy access to major highways and public transportation,” said Gopan.

ReadySpaces, the leader in the co-warehousing industry, provides flexible warehouse space for small & mid-size businesses. ReadySpaces operates 32 warehouse facilities nationwide with a customer base of over 2,000 businesses, and more launches upcoming. The Mount Vernon location is the second in New York State and fifth in the NYC/North Jersey metro area.

“We’re excited to bring the ReadySpaces concept to Mount Vernon, meeting the high demand and customer enthusiasm we’ve seen in the NYC/North Jersey metro area. Our facilities are designed to empower local businesses with the flexible, dynamic spaces they need for growth in today’s competitive industrial market,” said Kevin Petrovic, Partner at ReadySpaces.

250 East Sandford Boulevard is a four-story, 110,300 square-foot industrial/flex R&D property. The facility offers floorplates of more than 18,000 square feet on the ground floor, more than 30,000 square feet on levels one and two and nearly 32,000 square feet on level three, and features 145 parking spaces, six loading docks, direct drive-in access on the ground level, and floor load capacity of 185 pounds per square foot.

Originally constructed in 1970, Simone acquired the property in September 2021 and commenced a renovation that included a new exterior façade, new windows, new elevator, the addition of a front-loading dock and complete paving and restriping of the entire three-acre site. The building’s redevelopment strategy takes advantage of the site’s topography by providing direct loading access on all four floors, offering flexibility for single-users or multiple full-floor tenants.

Located in Southern Westchester and bordering the Bronx, the site has convenient access to both public transportation and major highways, including I-95, I-87 and the Hutchinson River Parkway. In addition to a public bus stop at the site, the property is one half mile from the Mount Vernon East Metro-North train station.

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 expertise 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.

2023-10-05T11:13:42-04:00October 5, 2023|
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Nearly 1,000 Affordable Homes Approved for the Bronx Amidst Historic Housing Crisis

City Council Votes 47-0 to Approve Community-oriented Development by
Long-time Property Owners Simone Development

City Leaders Applaud Effort that Will Create Needed Housing on Underutilized Site and
Open the Bronx River Waterfront to the Community

Bronx, New York – September 28, 2023 – The City Council today took its most significant action so far this year to address the urgent and growing housing crisis, voting 47-0 to approve a proposal by Simone Development that will create 970 permanently affordable homes in the Bronx. It is among the largest affordable housing applications approved to-date in 2023.

“As an organization that cares deeply about the borough that we have called home for decades, we are grateful for the opportunity to not only help address our housing crisis, but also connect our community to its beautiful waterfront,” said Patricia Simone, principal of Simone Development. “We applaud Chair Salamanca, Speaker Adams, members of the City Council, Mayor Adams, and Borough President Gibson for their leadership and action to create new, high-quality affordable homes for our neighbors.”

Simone Development, a Bronx-based company with a rich legacy of driving economic development in the borough, has owned the site for three generations and is expected to invest approximately $500 million in the development along the Bronx River. The development will consist of apartments thoughtfully designed to cater to diverse needs and family sizes, with studios, one-bedroom units, two-bedroom residences, and three-bedroom homes.

“I am thrilled that Simone Development’s proposal to bring 970 affordable housing units to the Bronx has been approved. This transformative project will help address our City’s ever-growing housing crisis by providing truly affordable residential units to working class individuals and families, and will also bring new life to the underutilized land that has gone untouched within my District,” said New York City Council Member Rafael Salamanca. “I would like to thank Speaker Adams, my City Council colleagues, and Mayor Adams for their dedication to helping us see this project over the finishing line, and I look forward to seeing the positive change that this development will bring to my community.”

“We need all hands on deck to address the shortage of high quality affordable housing in our city and Simone Development is stepping up with a transformative vision for this transit-oriented site along the banks of the Bronx River,” said HPD Commissioner Adolfo Carrión Jr. “Congratulations to the development team and the City Council for moving this plan forward – we look forward to collaborating with Simone to bring nearly 1,000 new affordable homes and more open space to this growing part of The Bronx.”

It’s expected that a portion of these new homes will be deeply affordable and accessible to individuals earning up to $49,000 a year, with others available to individuals earning a range of incomes up to $108,000 a year, including essential workers such as firefighters, teachers, and union laborers. Simone Development has been working closely with the community throughout this process and will continue to do so as it engages with key stakeholders and financing agencies to develop a mix of affordability that reflects the community’s goals.

In addition to providing much-needed affordable housing, this project will create over an acre of new public open space along the Bronx River. The development will include an amphitheater, a pedestrian promenade, river overlooks, outdoor dining and seating areas, native plantings, bio-swales, and connections to neighboring parks and greenways. It is a testament to Simone Development’s commitment to enhancing the quality of life for the Bronx community and ensuring that residents have access to green, recreational spaces within the city.

The proposed development will consist of three buildings, each designed to harmonize with the surrounding neighborhood’s architectural aesthetics.
Historically, the Proposed Rezoning Area has been home to industrial and transportation-related uses. The site at 1460 Sheridan Boulevard housed several railroad companies, including a powerhouse and other operational facilities during the early 20th century. The existing building on this site was constructed in 1965 and later used as an ironworks facility in the 1970s. Similarly, 1480 Sheridan Boulevard was occupied by a coal and lumber yard during the first half of the 20th century and later used for concrete slab manufacturing, welding, and automobile repair. The existing buildings on the site date back to 1924, reflecting the rich history of this location.

About Simone Development:
Simone Development is a family-owned and operated real estate company with a strong commitment to economic development in the Bronx. With a legacy spanning three generations, Simone Development has been a driving force behind transformative projects that enhance the Bronx community and provide vital resources such as affordable housing – including the Hutchinson Metro Center, one of the largest mixed-use developments in the region. This $500 million development at 1460-1480 Sheridan Boulevard reflects Simone Development’s unwavering dedication to creating positive change in the Bronx.

2023-12-21T15:03:42-05:00September 28, 2023|
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Real Estate visionary to lead NYC effort to build culture of health for all – Joe Simone named Centennial Chair of the 2024 Heart of New York City campaign

Joe Simone 2023 Centennial Chair

New York, NY, September 20, 2023 —Joe Simone, President of Simone Development Companies, has been named Centennial Chair of the American Heart Association’s Heart of New York City, a year-round effort aimed at investing in and saving and improving lives in the five boroughs. The Heart of New York City culminates with the Heart of New York City Gala in June, an event that celebrates progress made through the dedication and passion of all who support this community-wide campaign.

“The American Heart Association is dedicated to the extension of life through a commitment to science, education, improving medical care and leading with prevention. This is why I am honored to serve as Chair of the 2024 Heart of New York City campaign and look forward to celebrating the impact we will make,” said Joe Simone, President of Simone Development Companies, and member of the American Heart Association New York City Board of Directors. “I am eager to work with our outstanding team of volunteer leaders and the American Heart Association as we all advocate to make a difference in the well-being of everyone in this community. Together we must continue to strive to do everything we can to make a lasting, positive impact on the health of all New Yorkers.”

In 2024 the American Heart Association will celebrate its centennial year, meaning that Mr. Simone will have the special distinction of serving as the Heart of New York City campaign’s Centennial Chair. Mr. Simone will also serve on the prestigious American Heart Association New York City Board of Directors from July 2023 through June 2025.

“The American Heart Association has worked to save and improve lives since 1924—and it’s just getting started,” Simone said. “I invite all New Yorkers to join us in celebrating the American Heart Association’s transformative impact over the past century and building a second century of equitable health for all.”

The American Heart Association’s centennial is a celebration of the lifesaving achievements and shared vision for a bold second century that will exponentially advance heart and brain health. The Association will continue to lead breakthroughs in science and technology, improve healthcare and advocate for federal, state and local policies that drive healthier lifestyles.

“Joe understands the impact the mission and work of the American Heart Association can have on every person who lives in this area. We welcome him to the Heart of New York City, an initiative that centers around better health for every individual by focusing on critical issues and work to equitably improve and save lives,” says Meg Gilmartin, Executive Director and Senior Vice President, American Heart Association, New York City.

The 2024 Heart of New York City Gala is sponsored by Simone Development Companies, and Compass One Healthcare. It is slated for June 2024 at venue TBD. The annual celebratory event is a night to honor survivors, patrons and volunteers of the American Heart Association, the world’s leading nonprofit organization focused on heart and brain health. The evening will feature stories from survivors, as well as dinner, dancing and an exciting auction. For more information on how to support or attend the Heart of New York City Gala, visit the campaign website or contact sydney.hoffman@heart.org.

About the American Heart Association

The American Heart Association is a relentless force for a world of longer, healthier lives. We are dedicated to ensuring equitable health in all communities. Through collaboration with numerous organizations, and powered by millions of volunteers, we fund innovative research, advocate for the public’s health and share lifesaving resources. The Dallas-based organization has been a leading source of health information for nearly a century. Connect with us on heart.org, Facebook, Twitter or by calling 1-800-AHA-USA1.

 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 expertise 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.

2023-10-09T14:47:27-04:00September 20, 2023|
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Chipotle to Open New Bronx Location at Simone Development’s Hutchinson Metro Center Atrium

BRONX, NY – September 12, 2023 – Simone Development Companies has announced Chipotle Mexican Grill has signed a long-term, 2,957-square-foot lease at the firm’s Metro Center Atrium, located at 1776 Eastchester Road within the Hutchinson Metro Center complex in the Bronx. Josh Gopan, Vice President of Leasing at Simone Development, and in-house counsel Patrick Doyle represented ownership alongside Chris Walther and Miles Mahony of RIPCO Real Estate. Chipotle was repped by Ben Weiner and Joanne Argenti of RIPCO Real Estate.

Simone Hutchinson Metro Center Atrium

Chipotle operates over 3,100 locations in the U.S, including over 55 in New York City alone. Their latest location at The Hutchinson Metro Center Atrium, serving the Pelham Bay and Morris Park neighborhoods in the Bronx, features an enhanced beverage menu offering margaritas and beer in addition to fountain and bottled refreshments.

“Chipotle is the perfect addition to an already robust offering at The Hutchinson Metro Center Atrium,” said Josh Gopan, Vice President of Leasing at Simone Development. “The fast casual restaurant was attracted to our mixed-use complex due to its ideal location, generous onsite parking, 24/7 security, and outstanding tenant roster, including one of the borough’s only major flag hotels.”

Simone Development’s Hutchinson Metro Center Atrium is a 360,000-square-foot mixed-use complex featuring three floors of Class A office and medical space, as well as retail and a 125-room Residence Inn by Marriott. The property features a remarkable glass atrium and lobby, as well as more than 1,100 onsite parking spaces. The retail spaces at the Atrium are now fully leased.

Chipotle joins several well-known retail tenants at the Hutchinson Metro Center Atrium, including LA Fitness, Dunkin Donuts, A_Z Nutrition, and Residence Inn by Marriott. The property is also home to several healthcare related tenants including Affinity Health Plan, Montefiore’s Division of Plastic Surgery and Department of Medicine, as well as Freedom Center Home Dialysis and Hanger Clinic Prosthetics and Orthotics.

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 expertise 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.

2023-10-09T14:48:56-04:00September 12, 2023|
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Simone Healthcare Development and Catholic Health Celebrate the Opening of New $47 Million Ambulatory & Urgent Care Center in Centereach, Long Island

Simone Transformed a Former Retail Building Into
a 63,000 SF State-of-the-Art, Multispecialty Care Center

Centereach, LI Simone Team Photo

CENTEREACH, NY (August 2, 2023) – Simone Healthcare Development and Catholic Health today joined with officials from the Town of Brookhaven to celebrate the opening of Catholic Health Ambulatory & Urgent Care at Centereach, a new multispecialty care center featuring primary care and specialty services as well as walk-in urgent care.

The new state-of-the-art center is part of Catholic Health’s growing network of multispecialty care centers, complete with diagnostic imaging, an on-site pharmacy, and a dedicated suite where Catholic Health’s gastroenterologists can perform endoscopy procedures in a safe, comfortable and convenient environment outside the hospital setting.

Simone Healthcare Development, a division of Simone Development Companies and a leader in medical office and ambulatory care facility development, acquired the 63,000 square foot facility located at 2112 Middle Country Road from Ocean State Job Lot, the largest closeout retailer in the Northeast, in 2022. Simone Healthcare Development has invested $30 million into the redevelopment of the property and is leasing the new healthcare facility to Catholic Health. Ocean State Job Lot continues to own and operate a 36,000 square foot store adjacent to Catholic Health.

This multi-faceted project was a collaborative partnership between the Simone Healthcare Development team and Catholic Health. Simone’s development team was responsible for site selection, securing land use approvals and managing the design and construction of the façade, site and core, while Simone’s property management team will manage the 10-acre site. The development required approvals from the Town of Brookhaven Planning Board and Building Department and the Suffolk County Department of Health.

Newman Design, as architect for Simone, designed a new exterior that is architecturally distinct from the adjacent retail use. It features a glass and limestone façade, a second entrance for urgent care, and a new glass canopy to provide a covered drop-off for patients. In addition to Simone’s investment, the new facility is part of Catholic Health’s $17 million project that further strengthens Catholic Health’s goal of making quality healthcare more convenient for Long Islanders and to support many of the unmet healthcare needs of the community. Primary and specialty care services will be offered in 43,000 square-feet of space immediately with an additional 20,000 square-feet available for future healthcare services.

“We are delighted to celebrate this incredible transformation of a former retail site into a state-of-the-art multispecialty ambulatory and urgent care center for Catholic Health,” said Joseph Simone, President of Simone Development Companies. “It was a true collaboration between our teams to be able to deliver this first-rate facility in just one year. This remarkable facility is an example of a major trend in healthcare real estate where under-utilized retail spaces are being converted into new urgent care, ambulatory centers and doctors’ offices as expanding health networks such as Catholic Health seek locations that are attractive to and convenient for their patients.”

“Today marks an important day not only for Catholic Health but also for the residents in and near Centereach, who now have access to exceptional primary care, urgent care, and specialized care across a wide variety of medical specialties,” said Catholic Health President & CEO Patrick O’Shaughnessy, DO, MBA. “We’ve recently launched a number of Ambulatory Care sites across Long Island, however, today we open our largest and most expansive. This is truly a milestone, both for Catholic Health and for Suffolk County.”

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 expertise 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.

About Catholic Health
Catholic Health is an integrated system encompassing some of the region’s finest health and human services agencies. The health system has nearly 16,000 employees, six acute care hospitals, three nursing homes, a home health service, hospice and a network of physician practices. Under the sponsorship of the Diocese of Rockville Centre, Catholic Health serves hundreds of thousands of Long Islanders each year, providing care that extends from the beginning of life to helping people live their final years in comfort, grace and dignity.

2023-10-09T14:50:30-04:00August 3, 2023|
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Simone Development Signs Fastenal Company To Long-term Lease at 1448 Ferris Place in the Bronx, NY

BRONX, NY (July 25, 2023) – Simone Development Companies announced that the largest fastener distributor in North America, Fastenal Company, has signed a 7,100-square-foot, long-term warehouse lease at 1448 Ferris Place in the Bronx, NY.

Josh Gopan, Vice President of Leasing at Simone Development, along with Jeremy Schwartz, Director of Leasing at Simone Development, and in-house counsel Patrick Doyle, represented ownership, while Fastenal Company was repped by Mathew Diana of DY Realty.

“We are thrilled to welcome Fastenal Company to 1448 Ferris Place, an ideally located warehouse space in the Westchester Square neighborhood of the Bronx,” said Mr. Gopan. “As the property’s exclusive tenant, Fastenal will benefit from its exceptional features and convenient access to multiple transporation options.”

The street-level property spans 7,100 square feet and underwent renovations in 2015. 1448 Ferris Place enjoys close proximity to the #6 train and the Hutchinson River Parkway, offering direct access to the city and the tri-state area.

2023-10-09T14:51:35-04:00July 26, 2023|
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Simone Development Announces Signing Two New Retail Leases Totaling 3,552 SF at Boyce Thompson Center in Yonkers, NY

YONKERS, NY (July 2023) – Simone Development Companies has announced signing two new leases totaling 3,552 square feet of retail space at the Boyce Thompson Center at 1086 North Broadway in Yonkers, NY. Enbu Asian Fusion, a Japanese/Asian fusion restaurant, is leasing 2,580 square feet of space at the mixed-use center. SoYo Nails, a nail salon, is leasing 972 square feet.

Built in the early 1900s, the historic Boyce Thompson Center has been transformed by Simone Development into a premier 85,000-square-foot mixed-use center featuring a variety of medical and retail tenants. Medical tenants include St. John’s Riverside Hospital, Westmed Medical Group, Columbia Doctors, Mount Sinai Doctors, ENT and Allergy Associates, Motion PT, Metro Vein Centers and Riverside Dental Health. Retail tenants include Tompkins Mahopac Bank, Ultimate Spectacle, Family Wellness Pharmacy, The Taco Project, Starbucks, Executive Wine & Spirits, fresh&co, and Fortina Restaurant.

“We are delighted to welcome Enbu Asian Fusion and SoYo Nails to our growing roster of retail tenants at the Boyce Thompson Center. These businesses are a great amenity not only for those who work at the Boyce Thompson Center and for patients visiting our medical tenants, but for the entire surrounding Yonkers community,” said Josh Gopan, Vice President of Leasing at Simone Development.

Representing Simone Development in both transactions were Josh Gopan, Vice President of Leasing at Simone Development, along with Michael Hansen from the company’s legal team. Enbu Asian Fusion was represented by Laurence London of Laurence London & Co. Karnit Mosberg of Royal Properties represented SoYo Nails in the lease transaction.

2023-07-21T10:27:58-04:00July 21, 2023|
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Simone Development Maintenance Tech Jose Aguilar Wins BOMA Westchester 2023 Unsung Heroes Award

YONKERS, NY (July 12, 2023) – Simone Development Companies is proud to announce that Jose Aguilar, a maintenance technician at the firm’s Boyce Thompson Center mixed-use medical and retail development in Yonkers, NY, has been awarded the BOMA Westchester “Unsung Hero” award for his dedication and service to tenants and visitors.

BOMA Westchester Unsung Hero Award Photo by Susi DugawPictured L to R are BOMA Westchester President Scott Tangredi, Director of Construction at Reckson, award winner Jose Aguilar and Giovanni Puerta, Commercial Property Manager at Simone Development.

“Jose consistently goes above and beyond to ensure the satisfaction of our tenants and seamless operation of our Boyce Thompson Center,” said Joe Simone, president of Simone Development. “Jose’s positive attitude, exceptional teamwork, and his willingness to take on any challenge have made him an invaluable member of our team.”

The award was presented recently during BOMA Westchester’s 31st Annual Hall of Honors Awards dinner in Tarrytown, NY. In accepting the award, Mr. Aguilar recalled a chance meeting with the late Joseph Kelleher, a long-term Simone Development senior executive who was playing a guitar gig at a restaurant where he was working. The pair immediately hit it off and Joe offered Jose a maintenance position at the then newly opened Boyce Thompson Center. When Jose questioned his qualifications for the position, Kelleher replied “Can you screw in a light bulb? If so, we can teach you the rest.”

“What I like most about my job is helping people, both with the tenant’s needs and their customers,” Mr. Aguilar said, recalling his ongoing relationship with an elderly woman who visits a medical tenant and is afraid to ride elevators alone. Jose made it a point to learn her schedule and now always meets her during appointment days to ride the elevator with her.

“Jose is a testament to our company’s ongoing devotion to the businesses who call our properties home and the people they in turn serve,” said Mr. Simone. “We are extremely proud of him, his dedication and all the service and maintenance professionals that make Simone Development stand out in the world of commercial real estate.”

BOMA Westchester is the county’s leading professional organization dedicated to meeting the needs of building owners, property managers and allied professionals and tradespeople. BOMA Westchester is an affiliate of BOMA International — the oldest and largest association of the office building industry, with over 100 federated associations in the United States and around the world. The 17,000-plus members of BOMA International own or manage more than 9 billion square feet of commercial properties in North America and abroad.

2023-07-12T14:23:51-04:00July 12, 2023|
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Simone Development Signs Lease with Kamco Supply Corp. for More Than 57,544 SF at 1200 Zerega Ave. in Bronx, New York

Kamco lease, Bronx, NYBRONX, NY (June 26, 2023) – Simone Development Companies has announced that building materials distributor Kamco Supply Corp. has signed a long-term lease for 57,544 square feet of warehouse space and 55,224 SF of land at 1200 Zerega Ave. in the Bronx for the storage and distribution of building materials.

The property is now 60% leased, with 25,895 square feet of remaining available warehouse space and 12,895 SF of available office space, plus land for additional storage or parking. The property features six drive-in doors, four loading docks, 16.5’ ceiling heights, outdoor storage, ample parking, and a unique signage opportunity.

“Modern and spacious warehouse space is in high demand in the New York metro area, and 1200 Zerega Ave. is extremely attractive to users like Kamco due to the rare combination of warehouse space and available land that is centrally located with immediate access to major highways,” said Josh Gopan, Vice President of Leasing at Simone Development, who represented ownership in the lease negotiations, along with in-house counsel Patrick Doyle. Kamco Supply Corp. was repped by Mat Diana of DY Realty.

The nearly 100,000-square-foot prime warehouse and office property is close to the #6 subway line, multiple bus routes, the Hutchinson River Parkway, as well as the Bruckner and Cross Bronx expressways.

Kamco Supply Corp. is one of the largest and oldest privately owned commercial and residential building materials suppliers in the New York metro area, with multiple locations in New York and New Jersey. Their new location’s main customer entrance is located on the Gleason Ave. side of the property. Simone Development is marketing the remaining warehouse and office areas for lease in the highly sought after Zerega Industrial Park.

2023-06-26T15:52:02-04:00June 26, 2023|
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Simone Development Companies Diversifies Shopping Centers To Suit Contemporary Consumers

Securing experiential and service-oriented tenants is key to maintaining vibrant shopping centers in the e-commerce era, said Joseph Simone of Simone Development Companies.

“As big-box retailers shrink their footprints or close locations, shopping center owners are increasingly challenged to identify experiences and personal services that can bring more foot traffic to retail destinations,” said Joe Simone, President of Simone Development Companies. “Across the country, we’re seeing the rise of health clubs, experiential retail and urgent care at shopping centers.”

Joe SimoneIn New Rochelle, N.Y., LA Fitness recently opened a 36,000-square-foot gym in a strip shopping center owned by Simone Development Companies and G&S Investors. LA Fitness now occupies the majority of a two-story, free-standing structure at 75 Nardozzi Place. The health club is adjacent to a cluster of 30 beauty and personal service businesses housed within My Salon Suite of New Rochelle and destination retail like PXG Westchester, a golf franchise whose amenities include interactive swing simulators and a practice putting green.

According to data from the retail-analytics firm Creditntell, a retailer located in a shopping center with a health club receives about 2.5 percent more monthly visits compared with a similar retailer in a shopping center with no fitness tenant.

The presence of an LA Fitness as an anchor at another Simone Development property at 262 Boston Post Road in Port Chester, N.Y., helped to attract new businesses. Nothing Bundt Cakes, Nailed It Spa and European Wax Center recently opened at that revitalized location.

“We recognize the value that fitness businesses bring to shopping centers, particularly in terms of early-morning and evening foot traffic,” said Joanna Simone, Principal and President of Leasing and Property Management Operations at Simone Development Companies. “Some prospective tenants specifically seek shopping centers with health clubs because their services align with the healthy lifestyles promoted by the gyms.”

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.

2023-06-01T10:58:40-04:00June 1, 2023|
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Mercy College Signs Long-Term Commitment to Bronx Campus at Simone Development’s Hutchinson Metro Center

Original Anchor Tenant at Borough’s Most Successful Commercial Development Extends Lease

BRONX, NY (May 11, 2023) – Simone Development Companies has signed a long-term lease renewal with Mercy College for 125,522 square feet of classroom, administrative and amenities space at 1200 Waters Place in the Bronx, renewing the institution’s commitment to the borough and the Hutchinson Metro Center, which they helped anchor more than 20 years ago.

James MacDonald, vice president of leasing at Simone Metro Properties, assisted by Sean Heneghan, assistant general counsel, represented the owners in the lease negotiations. Bill Cuddy and Greg Maurer-Hollaender of CBRE represented Mercy College in the renewal.
“Mercy’s lease renewal with Simone Development Companies for its Bronx Campus demonstrates the College’s confidence in the site to provide the best possible environment for our deserving students, staff and faculty,” said Mercy College President Tim Hall. “The Mercy College Bronx Campus will continue to offer state-of-the-art facilities and academic programs that lead to in-demand jobs. It will also position Mercy to continue to evolve to meet the workforce and educational trends of the future and strengthen the College’s impact in the Bronx community.”

The Mercy College Bronx Campus at the Hutchinson Metro Center provides a vibrant, diverse student population the opportunity to achieve their academic and professional goals in a dynamic and modern learning environment. The undergraduate and graduate degree and ceritifcate programs offered at the Bronx Campus prepare students for in-demand careers, so that they are hired soon after graduation.

Degree programs include nursing, childhood education, community health, gerontology, data analytics, health services management, criminal justice, cybersecurity and finance, among many others. State-of-the-art facilities, such as fully-equipped health and science labs and anatomage tables provide maximized opportunities for learning, while student-centered spaces such as the Veterans Lounge facilitate students’ positive assilimiation to college. A landscaped courtyard offers a serene setting for study and reflection in an otherwise bustling, New York City-borough. Partnerships between the Campus and Bronx community organizations and businesses have resulted in extensive and rewarding internship, clinical and volunteer opportunities, many of which are conveniently located for Mercy Bronx students.

“More than 20 years ago, Mercy College was instrumental in the development of 1200 Waters Place and the success of Simone Development’s Hutchinson Metro Center, transforming an underutilized, obsolete state hospital site that was closed off to the public into a vital part of the Northeast Bronx community,” said Joe Simone, president of Simone Development. “Today we are extremely gratified that Mercy has chosen to renew their commitment to our borough and our expanding development.”

In 2003, Mercy College became the second anchor tenant to commit to 1200 Waters Place, a three story, 433,286 square-foot new development that at the time was the first Class A office building developed in the Bronx in more than a decade. During the next 20 years, the 42-acre Hutchinson Metro Center became the most successful commercial development project in the history of the Bronx. The current center is a 1.4-million-square-foot mixed-use campus of office, medical, retail, hospitality and academic space. The Hutchinson Metro Center is currently home to over 80 leading businesses, healthcare and educational institutions, and federal, state and city agencies, employing over 8,000 people and welcoming more than 5,000 daily visitors.
In addition to Mercy College, other major tenants at 1200 Waters Place include The New Jewish Home, New York City Housing Authority, the Administration of Children’s Services, and a major federal agency.

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.

2023-05-15T10:34:10-04:00May 15, 2023|
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LA Fitness Opens New Rochelle Location at Simone Development and G&S Investors’ 75 Nardozzi Place

NEW ROCHELLE, NY – MAY 3, 2023 –  Simone Development Companies and G&S Investors are pleased to announce the opening of the LA Fitness® gym at their co-developed 75 Nardozzi Place property in New Rochelle, NY. The new 36,000+ square-foot gym is conveniently situated off Main Street, just south of Exit 15 on I-95 and in close proximity to the Hutchinson River Parkway.

We were gratified to hear that the completion and opening of this LA Fitness have been highly anticipated by the New Rochelle and surrounding Westchester communities. We appreciate the enthusiastic reception the residents here have given our clubs and our employees,” said Paul Newman, Executive Vice President of LA Fitness.  “LA Fitness continues to increase its presence by focusing on the one lifelong benefit valued by everyone: good health.”

The new state-of-the-art facility expects to employ 40 people ranging from part-time group fitness instructors to full-time club staff. The club features: a 25-yard three lane lap pool, a whirlpool spa, spacious locker rooms with showers and saunas, a group exercise studio, and a separate multi-tiered indoor cycling room. These amenities complement a full array of equipment, including over a hundred pieces of the latest generation cardio equipment with individual viewing screens, selectorized circuit training, and free weight areas. Members can participate in a variety of group fitness classes seven days a week including Zumba®,  indoor cycling, and yoga at no additional charge, and many find that they enjoy group classes not only for the fitness benefit they provide but also as a means for social connection. Personal training services are also available for an additional fee.

“Simone Development is once again thrilled to collaborate with LA Fitness in the site selection and build-out of their latest state-of-the-art sports club,” said Patricia Simone, president of Simone Management Group. “The new 75 Nardozzi location marks the third LA Fitness center to be added to our company’s portfolio in Westchester and the Bronx, joining existing locations at the Post Road Plaza in Port Chester, NY and the Hutchinson Metro Center in the Bronx, NY.”

The new health club at 75 Nardozzi Place is part of a two-story, free-standing structure developed by Simone Development and G&S Investors and completed in 2021. LA Fitness will occupy the majority of the second floor, which currently has a prime 3,000 square-foot space available for complimentary retail, health-related service or other use. A New Rochelle Department of Public Works facility is located on the first floor of the property. The location is adjacent to several popular retailers including Costco, Home Depot, CVS, Bank of America, and Land Rover & Jaguar, as well as Simone Development’s neighboring 80 Nardozzi Place, home to the new Parsons Xtreme Golf (PXG) center, My Salon Suite and Ashley Furniture Home Store.

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 in the Bronx, 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.

2023-05-10T10:51:58-04:00May 10, 2023|
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