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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Joseph Simone of Simone Development Says Greenway to Enhance New York City’s Expanding Bike Lane Network

Bronx, N.Y. (May 1, 2023)—New York City’s expansion of the Harlem River Greenway will complement Simone Development Companies’ decision to build a greenway on its undeveloped property, said president Joseph Simone.

“Public greenways with dedicated bicycle paths will help private property owners develop new facilities for the growing life-sciences sector whose employees demand alternative modes of transportation,” said Joe Simone, president of Simone Development Companies.

On April 18, New York City launched a series of public-engagement sessions to plan the Harlem River Greenway expansion into the Bronx. The proposed seven-mile route will connect Randall’s Island at the southern tip of the Bronx to Van Cortlandt Park in the north, with a critical north-south bike commuting corridor.

Greenways are expanding throughout New York City, particularly in areas targeted for new development. At the Manhattanville Factory District in West Harlem, the construction of a three-block pedestrian greenway along buildings containing wet labs and offices provides the emerging innovation corridor with an attractive amenity for tenants and their employees.

Simone Development Companies is pursuing a similar strategy at its Hutchinson Metro Center in the Bronx. The Hutchinson Metro Center’s undeveloped southern section will include lawns, seating areas and a greenway through the center of the development. The complex already has a health club, hotel and bicycle trails running along the Hutchinson River Parkway.

“We’ve heard from employers that outdoor amenities like bike trails or landscaped plazas are becoming increasingly important to the top talent that they seek. Simone Development Companies is focused on designing optimal outdoor environments for its Hutchinson Metro Center expansion to accommodate this focus on public spaces,” said Megan Guy, Simone Development Companies’ senior vice president of development.

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.

2023-05-02T09:35:29-04:00May 1, 2023|
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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 says New York City’s land-use initiatives will deliver more housing and jobs

New York City’s plans to update neighborhood land uses will help businesses, create more housing, and promote sustainability, said Joseph Simone of Simone Development Companies.

“New York City’s ambitious plans for reducing greenhouse gas emissions include creating new job districts and allowing taller apartment buildings near train stations to reduce single-passenger car use. This policy will improve New Yorkers’ connections to new employment districts emerging near mass transit facilities,” said Joe Simone, President of Simone Development Companies.

The modernization of New York City’s land use rules is part of Mayor Eric Adams’ goal to build 500,000 new homes over the next decade. Under the mayor’s “Build Everywhere” initiative, up to 6,000 new housing units will be built in the East Bronx by 2027 near four new Metro-North Railroad stations also expected to open that same year. The Build Everywhere push in the East Bronx is projected to create 10,000 jobs near the new train stations, allowing workers to sustainably commute by public transportation.

One of the East Bronx neighborhoods targeted by the Build Everywhere initiative is Morris Park, already home to a large job center due to the presence of hospitals, the Albert Einstein College of Medicine and affiliated healthcare businesses. Simone Development Companies’ Hutchinson Metro Center represents a significant portion of the area’s employment numbers, and it sits next to the future Morris Park Train Station.

The Hutchinson Metro Center is a 42-acre, mixed-use campus planning a 33-acre expansion that may include life science labs, medical offices, and destination retail, among other uses.

“Simone Development Companies supports New York City’s effort to increase the quantity and quality of workforce housing, which is critical for the hospitals in Morris Park and for employers considering locating in our campus or anywhere in the region,” said Patricia Simone, principal and president of Simone Management Group.

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.

2023-03-01T10:41:27-05:00March 1, 2023|
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