Developer Joseph Simone Says Conveience is Driving New Health Care Developments

BRONX, NY (November 8, 2021) — Competition to deliver the most convenient care is a factor in recent announcements about new medical real estate projects, says Joseph Simone, President of Simone Development Companies.

Across the United States, hospital networks are unveiling proposals that consolidate offices and services in easy-to-access locations to attract patients who have grown accustomed to appointment-free urgent care and telehealth.

“In October, Mount Sinai Morningside filed plans for a $28.5 million outpatient clinic in New York City’s Harlem neighborhood that consolidates primary care, surgical services, and AIDS outpatient health from several other locations with the goal of integrating care and reducing inefficiency,” said Joe Simone, President of Simone Development Companies. “Similarly, UChicago Medicine recently announced a hospital in northwest Indiana. Again, the goal is to deliver a seamless experience to patients who need convenient access to advanced care.”

Simone Development Companies is a leader in the push for convenient healthcare with the development of the Hutchinson Metro Center, a 42-acre mixed-use campus in the Bronx that combines an ambulatory surgical center with retail, hospitality, office, and doctors’ offices.

“Bronx residents can receive every aspect of their health care at the Hutchinson Metro Center,” said Joe Simone. “The old, fragmented model of health care where a primary care doctor and a specialist were miles apart in a congested city didn’t work for many Bronx residents, who prefer an integrated campus with ample parking and easy access to public transportation.”

Another example is Simone Development’s Boyce Thompson Center in Yonkers, NY, an 85,000-square-foot mixed-use center featuring medical offices, retail shops and restaurants. Major anchor tenants include St. John’s Riverside Hospital and Westmed Medical Group.

Joseph Simone said that recent announcements about new hospitals and consolidated facilities are just one aspect of the emerging convenience care trend.

“We are seeing the proliferation of free-standing emergency rooms, healthcare monitoring apps, home health devices, and even classic house calls,” said Joe Simone. “All these services are designed to satisfy the growing demand for convenient care.”

2022-03-08T13:22:00-05:00November 8, 2021|
Read More

Joe Simone, President of Simone Development Predicts Cancer Treatment Centers Proliferate as U.S. Population Expands and Ages

BRONX, NY (October 25, 2021) — Joseph Simone, President of Simone Development Companies, predicts health networks will design and build new cancer treatment centers in response to recent U.S. Census figures that reveal an increasing elderly population.

The U.S. Census projects that by 2034 there will be more senior citizens than children in the United States. Risk factors for cancer include advanced age and obesity. From 1999 through 2018, the U.S. obesity rate rose from 30.5 to 42.4 percent of the population.

“Last year an estimated 1.8 million new cancer cases were diagnosed in the United States. By 2030, the number of cancer survivors is projected to rise to 22.2 million,” said Joseph Simone, president of Simone Development Companies.

In response to these demographic trends, new cancer centers are in development or planned nationwide. Recent announcements include Our Lady of the Lake’s $100 million project in Baton Rouge, La.; Franciscan Health’s $43.2 million project in Lafayette, Ind.; and City of Hope’s $1 billion project in Irvine, Calif.

“A common denominator in many of these communities is an effort to bring advanced cancer treatment to communities where cancer patients must travel long distances to receive such care,” said Joe Simone.

Simone Development Companies’ contribution to the nation’s cancer care includes the construction of the Purchase Professional Park in Purchase, N.Y., the headquarters of the Westmed Medical Group, which has a robust oncology department.

“Simone Development Companies is prepared to help health providers respond to the twin demographic trends of aging and obesity that will lead to millions more cancer cases in the coming decade,” said Joseph Simone. “Innovations in cancer treatment will spur the construction of new surgical and radiation facilities. We’re already seeing this proliferation of cancer centers in many places, such as the New York metro area.”

2022-03-08T13:22:16-05:00October 25, 2021|
Read More

Health Care Coming To A Shopping Center Near You

BRONX, NY (October 12, 2021) — Consumers are increasingly traveling to shopping centers for a checkup or vaccine as health care providers seek more convenient locations, said Joseph Simone of Simone Development Companies.

“Across the country, health providers are converting former Sears buildings in shopping centers into ambulatory surgical centers, hospitals and doctors’ offices,” said Joe Simone, President of Simone Development Companies. “CVS Health’s announcement earlier this year that it will remake hundreds of its stores into primary care clinics will bring health care to even more shopping centers nationwide.”

Simone Development Companies anticipated the delivery of healthcare at shopping centers with the adaptive reuse of the Boyce Thompson Center, an 85,000 square-foot, mixed-use center with doctors’ offices, restaurants and retail in Yonkers, N.Y.

“Redeveloping shopping centers and strip malls with health care tenants makes sense because these properties are already designed to handle high-traffic uses and they provide ample parking,” said Simone. “More importantly, these local shopping centers are typically situated within walking distance or an easy commute from residential neighborhoods.”

It is unclear how many Sears locations are being converted for health uses, but there are examples of this conversion nationwide, including Selinsgrove, Penn.; Garden City, N.Y.; and Riverside, Calif. Simone noted that CVS Health’s goal to turn hundreds of its stores into primary care centers poses challenges to medical networks whose patients must wait weeks for routine health services.

“The CVS announcement is triggering a reconsideration of site uses everywhere. The recent decision by Yale New Haven Health System to build an ambulatory care center in a shuttered Macy’s store in Meriden, Conn. is an example of large health networks responding to CVS’s retail health strategy,” said Joseph Simone. “This shopping center land rush by health providers is a boon for health facility builders like Simone Development Companies.”

2022-03-08T13:22:35-05:00October 12, 2021|
Read More

Joseph Simone of Simone Development Companies Sees NYC’s Life Sciences Investment Will Spur Development Boom

BRONX, NY (September 27, 2021) — Joseph Simone, President of Simone Development Companies, announced that a development boom is coming to New York City neighborhoods where teaching hospitals will expand their life sciences research.

“New York City is home to many of the country’s leading medical research institutions, so it makes sense that municipal leaders want to expand this sector by promoting health-tech incubators and wet labs,” said Joe Simone, whose company has its own plans for building wet laboratories.

New York City recently increased its investment in Life Sci NYC to $1 billion as part of an effort to transform underused properties and land into wet laboratories for medical research and med-tech start-ups.

So far, New York City’s biotech investments include a $13 million grant to Montefiore Medical Center and its medical school, the Albert Einstein College of Medicine to launch the Einstein-Montefiore Biotechnology Accelerated Research Center. The center will create a biomanufacturing facility focused on cell, gene, and antibody therapy production. The Bronx-based center will be open to early-stage and established companies.

Across the street from the proposed biotech facility, Simone Development Companies’ Hutchinson Metro Center includes an ambulatory surgical center for Montefiore. At the south end of the Hutchinson Metro Center, Joseph Simone has proposed building an office park that includes wet laboratories for medical research.

“Researchers and biotech start-ups want to be near each other because they thrive on collaboration. In the next 10 years the neighborhood surrounding the new research center will undergo a renaissance with the construction of a new Metro-North train station at Morris Park, new housing for researchers and students, and new offices for growing biotech companies,” said Joseph Simone.

Simone Development Companies’ Hutchinson Metro Center is part of an on-going redevelopment of the former Bronx Psychiatric Center campus. Phase 1 of the campus redevelopment envisions the creation of 100,000 square feet of biotech/research laboratories.

According to the New York City Economic Development Corporation, the life sciences sector has seen an average annual growth of 50+ biotech companies since 2016.

2022-03-08T13:22:45-05:00September 27, 2021|
Read More

Joe Simone, President of Simone Development Companies, Sees Plastic Surgery Trends Driving Design of Medical Facilities

BRONX,NY (Sept 13, 2021) — An explosive growth in minimally invasive cosmetic procedures is influencing the design of dermatologists’ and plastic surgeons’ offices, according to Joe Simone, President of Simone Development Companies.

“Medical practices want larger treatment rooms that can accommodate the latest cosmetic technology for skin resurfacing and cellulite treatment,” said Joseph Simone. “As the laser technology improves and delivers better results, we’re seeing skyrocketing demand for laser treatments nationwide.”

According to the American Society of Plastic Surgeons’ 2020 statistics, total cosmetic procedures grew 131 percent between 2000 and 2020. The cosmetic procedures with the biggest growth over the 20-year period were minimally invasive procedures including laser skin resurfacing (483 percent) and cellulite treatment (261 percent). Surgical procedures with the biggest growth over the 20-year period include cheek implants (938 percent) and upper arm lifts (4,174 percent).

“Many of the medical facilities we have delivered in recent years include dermatology-office and cosmetic-surgery floor plans, including the Hutchinson Metro Center in the Bronx, N.Y. and WESTMED locations in Purchase, N.Y. and Greenwich, Conn.,” said Joseph Simone. “Simone Development Companies expects to continue new construction or renovation that includes dermatology and cosmetic surgical offices and operating rooms.”

The use of non-invasive procedures to slow the signs of aging are on the rise. According to the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), the pandemic created a surge in surgical demand not seen in recent years. Even though many non-essential surgeries and aesthetic services were put on hold for months during the pandemic, AAFPRS members note that demand grew higher than ever.

“People are staring at themselves on screens during teleconference all day,” said Joe Simone. “That’s why so many people are seeking options like eyelid procedures to look less tired on camera. With remote working expected to increase in the future, it’s a sure bet more people will want to improve their appearance and seek medical solutions.”

2022-03-08T13:23:14-05:00September 13, 2021|
Read More

Simone Development Companies Welcomes Charleys Philly Steaks to Throggs Neck Shopping Center

BRONX, NY (August 2021) — Simone Development Companies has announced that Charleys Philly Steaks has signed a 10-year, 1,500-square-foot lease at the Throggs Neck Shopping Center in the Ferry Point section of The Bronx. Charleys Philly Steaks is expected to open to the public in late Fall, marking the national franchise’s second location in The Bronx and fifth in New York City.

“We are thrilled to welcome a national brand like Charleys Philly Steaks to one of the city’s most successful shopping centers,” said Josh Gopan, AVP of Leasing for Simone Development. “Since its opening, Throggs Neck Shopping Center has been extremely attractive to retailers, with the Target among the most active nationally. The successful development has created hundreds of new jobs and boosted the borough’s economy. The shopping center is a testament to Simone’s dedication of repurposing vacant and under-utilized commercial property in the New York metropolitan area.”

Charleys Philly Steaks joins an extensive and diverse roster of tenants including retailers Target, TJ Maxx, Petco, Party City, and Skechers as well as restaurants Starbucks, Applebee’s, Subway, Chipotle, Sarku Japan, among others. Karnit Mosberg of Royal Properties represented both the tenant and the owner in the long-term lease. Throggs Neck Shopping Center is now 98% occupied, with just 6,400 square feet of inline and 2,200 square feet of end cap 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.

2021-09-02T15:10:14-04:00August 9, 2021|
Read More

Real Estate Developer Joe Simone Says Increase in Knee Replacements Will Fuel Ambulatory Surgical Center Expansion

A projected increase in knee replacement surgeries will fuel the growth of ambulatory surgical centers, according to healthcare real estate developer Joseph Simone.

“We are experiencing a revolution in knee replacement technologies that are allowing doctors to perform minimally invasive surgeries that do not require hospital settings,” said Joe Simone, President of the Simone Development Companies, a leading developer of healthcare facilities. “For real estate developers, that means we will see greater demand for new ambulatory surgical centers as increasing numbers of the active elderly seek solutions to joint pain.”

In June, Renub Research Analysis published a report on the global knee replacement market. Renub predicted that in the United States, the value of knee replacements will rise from $8.02 billion in 2020 to $12.87 billion by 2027, a compound annual growth rate of 6.99%.

“Knee replacements will become more common and most of them will occur in the types of ambulatory surgical centers that Simone Development Companies have built, such as the Montefiore Hutchinson Campus in the Bronx, NY,” said Joseph Simone. “By 2040, the Centers for Disease Control and Prevention estimated that 78 million adults in the U.S. will be diagnosed with arthritis.”

Patient interest in ambulatory surgical centers accelerated during the Covid-19 pandemic, when many hospitals were closed to patients who did not need life-saving interventions. Many patients who needed elective surgery like knee replacements were also reluctant to enter any facility that resembled a hospital for fear of contracting Covid-19.

“The construction of ambulatory centers has been strong for years, but with the pandemic and innovations in surgical procedures, the demand for these facilities is exponentially expanding,” said Joe Simone. “We are actively partnering with hospitals and other healthcare providers to identify locations for new construction.”

2021-09-07T14:14:44-04:00July 23, 2021|
Read More
Toggle Sliding Bar Area

  • Business

  • Year

  • Category

  • Clear All
Go to Top