Joseph Simone of Simone Development Says New AI Lab Underscores New York City’s Attractiveness

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

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

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

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

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

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

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

2022-05-23T12:19:37-04:00May 11, 2022|

R.A.I.N. Honors Joseph Kelleher of Simone Metro Properties

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

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

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

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

Joseph Simone Sees Vertical Cluster Design as Model for Life Sciences Development

BRONX, NY (April 2022) — Joseph Simone of Simone Development Companies says that vertical cluster design will be one of his firm’s life-sciences development strategies in urban settings.

“Vertical cluster design is an ideal solution for the dense urban and suburban regions where our company operates,” said Joe Simone, President of Simone Development Companies. “Particularly in New York City, real estate developers interested in building life sciences labs and offices must design in very limited acreage, which means the only solution is building tall towers.”

Vertical cluster design is a concept promoted by architecture firms like the Boston- and New York City-based SGA, which has developed a 24-story, 750,000-square-foot tower for densely populated cities like San Francisco or London. The vertical prototype takes a horizontal life-sciences campus and stacks it in a tower format while maintaining essential collaboration spaces.

Towers employing vertical cluster design have steel superstructures with 33-foot structural bays and 15-foot, floor-to-floor heights to provide ceiling heights necessary for the mechanical needs of laboratories. Air handler needs, power requirements, gas storage, plumbing, and HVAC requirements also affect the design of the building.

Simone Development Companies’ proposed Hutchinson Metro Center South Campus is a suitable location for vertical cluster design towers. The 33-acre multi-use South Campus will eventually offer 1.9 million-square-feet of facilities for business and medical offices, education, research and development, retail and hospitality.

“We have watched the life-sciences and biotech boom with excitement about the possibilities for our new South Campus,” said Patricia Simone, Principal and President of Simone Management Group. “Our Bronx location is ideally situated a short walk from a major research hospital and next to a future commuter train station that will eventually offer the east Bronx a 20-minute ride to Grand Central Terminal in Manhattan.”

The South Campus site is adjacent to the 42-acre Hutchinson Metro Center North Campus, a successful urban redevelopment that includes 1250 Waters Place — a 280,000-square-foot Class A medical office building fully leased to Montefiore Medical Center’s ambulatory care center. The 11-story building includes 12 operating rooms and four procedure rooms and it was the first “bedless hospital” in the New York Metropolitan Region.

2022-05-10T13:04:49-04:00April 8, 2022|

Simone Development Acquires Mixed-Use Retail/Healthcare Property at 459 East 149th Street for $32 Million

BRONX, NY (April 2022) — Simone Development Companies the leading Bronx-based developer, has purchased Triangle Plaza Hub, a 50,000 square-foot grocery anchored retail and medical office condominium in the Bronx’s Mott Haven neighborhood for $32 million from Triangle Equities.

Steven Rutman, Rob Hinckley, Karl Brumback, Andrew Scandalios and Madison Warwick of JLL represented the seller in the transaction.

Located at 459 East 149th Street, Triangle Plaza Hub features a healthcare and food-centric tenant-mix anchored by Fine Fare supermarket and Sun River Health. Other tenants at the property include DaVita, Dunkin, Boston Market and VistaSite Eyecare. The LEED certified complex was built in 2015 and is 97% occupied, with just 1,522 square feet available for rent. Metropolitan College of New York occupies 26,000 square feet at the property under separate ownership.

“Simone Development is extremely excited to add this mixed-use property to our portfolio. Supermarket and healthcare anchored centers provide essential services to the neighborhood that work well together and these assets proved to be extremely durable investments during the pandemic,” said Joseph Simone, president of Simone Development Companies. “Located in one of the Bronx’s fastest growing neighborhoods, Triangle Plaza Hub provides essential healthcare and retail amenities to the community.”

Triangle Plaza Hub is situated on a prime corner in a highly trafficked neighborhood and located within a three-minute walk of the 149th Street station serving the #2 and #5 subway lines. The property’s on-site parking offers tenants and customers convenient accessibility.

2022-05-10T12:55:45-04:00April 1, 2022|

1200 Zerega Avenue

1200 Zerega Avenue

Bronx, NY

1200 Zerega Avenue is a 95,649-square-foot, flex building consisting of drive-in doors, loading docks and over 31,000 SF of land. The building offers modern warehouse space flanked by overhead doors, allowing easy access from Ellis and Gleason Avenues. The location offers convenient access to the subway, multiple bus routes, the Hutchinson River Parkway and Bruckner and Cross Bronx expressways. With high demand for warehouse flex space in the New York Metro area, 1200 Zerega Avenue is an extremely attractive option due to its rare combination of warehouse space, office space, and available land that is centrally located with immediate access to major highways.

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FOR LEASING INFORMATION, PLEASE CONTACT:

Josh Gopan
Vice President of Leasing

Jeremy Schwartz
Director of Leasing

2023-12-11T10:58:16-05:00April 1, 2022|

Simone Development Signs New Long Term Healthcare Lease at 2510 Westchester Ave in The Bronx

BRONX, NY (March 2022) — Simone Development Companies has announced that cardiologist practice KezMed Medical PC has signed a long-term 2,175-square-foot lease of medical office space at 2510 Westchester in the Bronx, bringing the property to 95% occupancy. KezMed Medical celebrated the office’s grand opening in late March.

“We are proud to welcome KezMed Medical to what has become a local healthcare center of choice in the Westchester Square area,” said Josh Gopan, Assistant Vice President of Leasing at Simone Development. “2510 Westchester continues to attract top medical practices due to its ideal location within walking distance of the #6 subway, multiple bus routes and on-site parking garage. The property also benefits from its proximity to Simone Development’s Hutchinson Metro Center, a major hub for healthcare, office and education tenants.”

The three-story, 60,000-square-foot office and medical building is ideally located by Westchester Square Station in the Bronx, providing direct and easy access to multiple mass transit options. The property includes an on-site parking garage and is connected to the rest of the city and Tri-State area through both the Cross Bronx Expressway and the Hutchinson River Parkway.

Josh Gopan represented ownership in the lease negotiations, while KezMed Medical PC was repped by Jon Smilowitz of Douglas Elliman.

KezMed Medical joins various medical practices at 2510 Westchester including Unlimited Care Nursing Services, the Bronx Community Wellness Center, the Advanced Urology and Radiation Centers of New York, Premier Home Health Services and the Bronx Westchester Medical Group.

2022-05-10T11:50:16-04:00March 29, 2022|

Simone Development Companies Signs Cap’t Loui Seafood Boil at Throggs Neck Shopping Center in the Bronx

BRONX, NY (March 2022) — Simone Development Companies has announced that Cap’t Loui Seafood Boil has signed a 2,123-square-foot, long-term lease at Throggs Neck Shopping Center in the Ferry Point section of The Bronx. This is the seafood restaurant’s fifth location in New York, which is expected to open to the public in Spring of 2022.

Karnit Mosberg of Royal Properties represented both the tenant and the owner in the deal.

“We are thrilled to welcome Cap’t Louis Seafood Boil to the highly successful Throggs Neck Shopping Center,” said Josh Gopan, Assistant Vice President of Leasing for Simone Development. “The shopping center has maintained its position as one of the most successful retail destinations in the Bronx due to its remarkable accessibility, plentiful parking, and diverse roster of tenants. Since its construction by Simone in 2010, the shopping center has created hundreds of new jobs and been responsible for boosting the area’s local economy. We are proud to see how Throggs Neck continues to be extremely attractive for retailers and shoppers alike.”

Cap’t Louis Seafood Boil joins an extensive and diverse roster of tenants including retailers Target, TJ Maxx, Petco, Party City, and Skechers as well as restaurants Charleys Philly Steaks, Starbucks, Applebee’s, Subway, Chipotle, Sarku Japan, among others. Throggs Neck Shopping Center is now 98% occupied, with just 6,404 square feet of space available for lease.

Throggs Neck Shopping Center is conveniently located at the intersection of Lafayette Avenue and the Hutchinson River Parkway. The borough’s 300,000-square-foot, large-scale retail development boasts secure free parking for over 600 cars and is anchored by a 165,000+ square-foot Target department store.

2022-05-10T12:54:52-04:00March 22, 2022|

Simone Development Companies Sponsors Bronx Chamber of Commerce Women of Distinction Luncheon

BRONX, NY (March 2022) — Proximity to research hospitals and plug-and-play capabilities are among the top elements of a winning formula for developing life sciences real estate, said Joseph Simone, said Joseph Simone of Simone Development Companies.

The Bronx Chamber of Commerce Foundation hosted its annual Women of Distinction Luncheon on March 25 at the Villa Barone Manor in the Throggs Neck section of the Bronx. Chamber of Commerce Chairman Joseph Kelleher, president of Simone Metro Properties, (pictured R to L with scholarship winner Noemy Rodriguez, Allison Aguilar of Simone Development and Bronx Chamber Foundation Board Chair April Horton, Director, External Affairs & Government Affairs at Verizon), helped celebrate Women’s History Month and support the Chamber’s efforts to award scholarships young Bronx women who have demonstrated academic excellence.

This year’s luncheon honored Christine Croke, RN, patient care coordinator in the Medical Intensive Care Unit at the Montefiore Weiler Hospital/Einstein Campus for her extraordinary contributions to Bronx patients, families and colleagues during the peak of the pandemic.

This year’s scholarships were made possible through the generosity of sponsors Con Edison, Ponce Bank, Verizon, The Monroe Foundation, Simone Development, New York Botanical Garden, Orange Bank & Trust Co., KZA Realty, Sandra Erickson Real Estate, Woodlawn Cemetery & Conservancy, F&F Insurance and Metro Optics.

2022-05-10T13:02:16-04:00March 15, 2022|
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