Simone Development Signs UrgentWay to Long-Term Lease for Urgent Care Center at 2826 Westchester Ave. in the Bronx; Property is Now Fully Leased

BRONX, NY – February 22, 2024 – Simone Development Companies has announced UrgentWay, a leading provider of walk-in medical services with locations throughout New York City and Long Island, has signed a long-term, 2,000-square-foot lease for an urgent care center at 2826 Westchester Avenue in the Pelham Bay section of the Bronx. The property is now fully leased.

This location is also home to the Steppingstone Day School, a leading provider of early childhood and other family services.

UrgentWay was represented by Sinovsky Realty Services. Simone Development Companies was represented by in-house leasing and legal teams.

UrgentWay building at 2826 Westchester Avenue

“UrgentWay is a key component to this vital health and day care location serving Pelham Bay and surrounding communities,” said Josh Gopan, Vice President of Leasing at Simone Development Companies.

The property at 2826 Westchester Avenue is a two-story, 19,250 square-foot mixed-use medical, office and community services building that is handicap accessible and conveniently located near public transportation. The property also offers ample parking.

2024-02-20T13:55:26-05:00February 22, 2024|

American Heart Association in NYC Marks 100th Anniversary

Healthcare Real Estate Executive Joe Simone of Simone Development Companies Named 2024 Centennial Chair of the Heart of New York City campaign

NEW YORK, NY, February 1, 2024 —The new year marks the 100th birthday of the American Heart Association and the start of the organization’s Bold HeartsTM campaign, a celebration of a century of profound impact on heart health and well-being.

Leadership of the signature campaigns of the American Heart Association in New York City have demonstrated their commitment to the transformative work ahead in the second century. The bold leadership needed to catapult the American Heart Association’s next 100 years of relentless work and transformative innovation starts today.

The 2024 New York City chairs are:

  • Joe Simone, President, Simone Development Companies and 2024 Centennial Chair of the Heart of New York City campaign.
  • Tifphani White-King, Principal, US National Tax Practice Leader for Mazars and Centennial Chair of the 2024 New York City Go Red for Women® movement.
  • Michael Kruse, Managing Director and Head, Global Banking and Markets, U.S., Scotiabank and 2024 Centennial Chair of the New York City Heart Challenge.

Beginning a new century of mission critical work, the organization continues its steadfast commitment to making the bold moves needed for new paths of scientific discovery, eradicating barriers to health equity and advocating for healthy policy so that every member of the New York City community has the opportunity for a longer, healthier life. That pledge to the community is shared with likeminded community leaders and organizations who are relentless in their support to eliminate heart disease and stroke in the new century.

“The American Heart Association’s centennial is a celebration of the lifesaving achievements and shared vision for a bold new century that will exponentially advance heart and brain health,” said Joe Simone, President, Simone Development Companies, 2024 Centennial Chair of the Heart of New York City campaign and member of the New York City board of directors. “With a focus on the work that lies ahead, bolstered by a commitment to learn from the past, the Association celebrates what it has accomplished, thanks to the hard work and dedication of generations of volunteers and donors.”

Since its founding on June 10, 1924, the American Heart Association, devoted to a world of healthier lives for all, has helped transform the nation’s health and significantly reduce heart disease and stroke death rates. But there is much work to be done.

“As we close out our first 100 years and begin the next, our work remains as important as ever. Throughout the last century, the American Heart Association has moved health and well-being forward in important and critical ways,” said Brian Kingston, CEO of Brookfield’s Real Estate business and Chair of the American Heart Association New York City board of directors. “As we head into our second century, our focus remains on fueling science and innovation, funding lifesaving research and supporting the rights of patients and care givers, to empower healthier communities and advance the way we live, work and play.”

“This relentless pursuit will continue until heart disease and stroke are the stories of our past and not of our future. A world with equitable health and well-being fuels a future that is yours to create,” said Tifphani White-King, Principal, US National Tax Practice Leader for Mazars and Centennial Chair of the 2024 New York City Go Red for Women® movement. “We know we can’t do this work alone. Volunteers, donors and advocates are key to accelerating this lifesaving work.”

With relentless resolve for the future of our lifesaving work and equitable health for all people, we are deeply grateful to those who have already boldly stepped forward to generously support our Second Century Campaign. Second Century Cornerstone recognizes a company or individual who has made a seven-figure donation.

New York City cornerstone donors include: Atria Health Collaborative, Elizabeth Elting Foundation, and Mother Cabrini Health Foundation.
Other New York City Second Century campaign supporters include:

Rose Caiola/Bettina Equities, BNY Mellon, Brookfield, Centers Health Care, Citi, Compass One Healthcare, Cristina Civetta and Ed Scheetz, Cushman & Wakefield, EY, Joanne Dunbar, Kingston Family Trust, KPMG, Mazars, Mount Sinai Heart, New York Community Trust, New York-Presbyterian, Northwell Health, NYU Langone Health, Paul Hastings LLP, Pfizer, Scotiabank, Simone Development Companies, The Estée Lauder Companies Inc., Unitex, Weil, Gotshal & Manges LLP, White + Warren.

“Heart disease is the No. 1 killer worldwide, and stroke ranks second globally. The American Heart Association is advancing health and hope for all and creating a vision for brighter tomorrows free from these diseases,“ said Natalia Cineas, DNP, RN, NEA-BC, FAAN, Senior Vice President, Chief Nursing Executive, Co-Chair, Equity and Access Council for NYC Health + Hospitals and President of the New York City American Heart Association board of directors.

“Progress doesn’t happen without Bold Hearts trailblazing new paths of scientific discovery, working tirelessly to remove barriers to health equity and advocating for healthier communities,” said Michael Kruse, Managing Director and Head, Global Banking and Markets, U.S., Scotiabank and 2024 Centennial Chair of the New York City Heart Challenge. “Throughout the past century, the American Heart Association has moved health and well-being forward in important and critical ways.”

The American Heart Association was founded by six cardiologists, but the distinguished achievements of the organization for the past century are the result of the passion of more than 40 million volunteers, supporters, employees, and more than $5 billion invested in scientific research.
To learn more about accomplishments in the first 100 years of the American Heart Association or how to participate in the Second Century campaign, visit heart.org.

2024-02-20T13:43:39-05:00February 1, 2024|

Simone Development Signs 10,300 SF in New Leases at Hutchinson Metro Center in The Bronx, NY

BRONX, NY – December 13, 2023 – Simone Development Companies has signed two new long-term leases totaling 10,300 square feet of medical and office space at the Hutchinson Metro Center in the Bronx, NY.

North Bronx Orthopedic and Spine Group has signed a long-term lease for 5,121 square feet of medical and office space at 1200 Waters Place while MJHS Health System (MJHS) has signed a long-term lease for 5,179 square feet of office space at Tower One at 1250 Waters Place. Simone Development Companies was represented by in-house leasing and legal teams for both transactions. North Bronx Orthopedic and Spine Group was represented in-house and CBRE’s Bill Jordan represented MJHS.

hutchinson metro center new leases

With roots dating back to 1907, MJHS is a premier not-for-profit provider of quality care across the greater New York area, including: home care, hospice and palliative care for adults and children, as well as Isabella and Menorah Centers for Rehabilitation and Nursing Care. Elderplan, which offers Medicare Advantage plans and HomeFirst, its managed long-term care plan, are also members of the MJHS family. MJHS is committed to helping care for, support, and guide patients, residents, and members of all backgrounds along their healthcare journeys and to closing gaps in care.

North Bronx Orthopedic and Spine Group is a fully licensed orthopedics and spine group providing outpatient care.

“The Hutchinson Metro Center, our mixed-use campus of medical, office, retail, hospitality and academic space, is currently home to over 80 leading businesses, healthcare and educational institutions as well as federal, state and city agencies, and we are thrilled to welcome North Bronx Orthopedic and Spine Group and MJHS to our tenant roster,” said Joanna Simone, Principal & President of Leasing and Property Management Operations for Simone Development Companies.

Tower One at 1250 Waters Place at Simone’s Hutchinson Metro Center is a 285,000-square-foot Class A building with nine floors of prime medical, office and retail space, as well as conference centers and abundant free and valet parking and 24/7 security. In addition to MJHS Health System, Tower One is home to various other medical offices including Montefiore Medical Center and Motion PT. The property is also home to the popular Tower Café.

1200 Waters Place is a 433,000-square-foot modern building with three floors of Class A medical, academic, and office space as well as various amenities including a landscaped courtyard, fitness center, a teleconference center and free parking. North Bronx Orthopedic and Spine Group is joined at the property by major tenants including Mercy College and several city, state, and federal agencies.

2023-12-21T15:07:06-05:00December 13, 2023|

Simone Development Companies Acquires Former Bronx Supermarket Building for Planned Logistics Facility Conversion

BRONX, NY – October 6, 2023 – Simone Development Companies has acquired a property at 1720 Eastchester Road in the Morris Park section of the Bronx from Madison International Realty for an undisclosed price. The new owners plan on repositioning the property as a much-needed warehouse, distribution and logistics center for the East Bronx.

1720 Eastchester Road

The 186,298 square-foot logistics center at the corner of Eastchester Road and Waters Place, adjacent to Simone Development Companies’ 1.4 million square-foot Hutchinson Metro Center, formerly housed a 63,000 square-foot one-story Stop & Shop supermarket, a liquor store and a Subway restaurant.

Jonathan Squires, Managing Director in the Investment Sales Group at Cushman & Wakefield, along with Josh King, represented the seller in the sale. The new owners were represented by Simone Development Companies Senior Vice President of Development Megan Guy, Vice President of Development Brian Reardon, Vice President of Leasing Josh Gopan and in-house legal team of Dina Gupta and Sean Heneghan in the negotiations.

“This transaction was over four years in the making and incredibly complicated,” said Mr. Squires of Cushman & Wakefield. “We were grateful to have Madison International Realty as an extremely competent seller and Simone Development Companies as a buyer who comprehended the transaction and simplified the process due to their confidence in the property and their understanding of the local market.”

The 186,298 square-foot industrial logistics center features expansive outdoor parking, 18’ clear ceiling heights, multiple loading docks and drive-in doors. The property offers convenient access to local highways, and LaGuardia Airport, JFK and Westchester County airport can also be easily reached via a 17-, 25-, or 34-minute car ride, respectively.

“Centrally located within the NYC Metro Market, this location offers unprecedented access to all surrounding areas,” said Mr. Gopan. Simone Development has engaged Jonathan Squires, Josh Kleinberg, Josh Neustadter, Austin Weiner and Joe Hentz, Jr. of Cushman & Wakefield as the exclusive agents for the property.
“The East Bronx, particularly the neighborhoods of Morris Park, Williamsbridge, Pelham Bay and Throggs Neck, are in critical need of modern last-mile warehouse distribution centers to serve the growing delivery needs of these well-established residential communities,” said Mr. Reardon. “Simone Development Companies has decades of experience in the development, operation and leasing of industrial properties throughout the tri-state region and looks forward to the delivery of a modern facility at this site.”

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.

2023-10-09T14:43:22-04:00October 6, 2023|

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|

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|

Chipotle to Open New Bronx Location at Simone Development’s Hutchinson Metro Center Atrium

BRONX, NYSeptember 12, 2023Simone 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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