Joseph Simone, President of Simone Development Companies Sees Aging Baby Boomers Behind Healthcare Real Estate Growth

Real estate developer Joe Simone says that a recent U.S. Census report demonstrates how aging Baby Boomers are driving growth in healthcare real estate and jobs.

“The expansion of healthcare complexes nationwide is partly due to the aging Baby Boomers, who as they age require more medical services,” said Joseph Simone, President of the Simone Development Companies, a leading developer of healthcare facilities. “The oldest Baby Boomers are now 75. I foresee the demand for nursing homes, assisted living, rehabilitation centers and ambulatory facilities to quickly grow to accommodate a surge in the elderly population.”

U.S. Census reported last month that from 2010 to 2019, the percentage of the population 65 and older grew nationally (from 13.1% to 16.5%) in all 50 states and the District of Columbia. This growth in the elderly population is affecting the national job market. According to the U.S. Bureau of Labor Statistics, registered nursing is listed among the top occupations in terms of job growth. Employment of registered nurses is projected to grow 7 percent from 2019 to 2029, faster than the average for all occupations.

“All these new nurses will find employment in new or expanded healthcare complexes. Real estate developers will be very busy over the next decade delivering new buildings where the growing ranks of health practitioners will work,” said Simone.

Healthcare providers are already positioning themselves to receive the aging Baby Boomers, who demand convenience and amenities. Simone Development Companies renovated Mount Sinai Doctors’ 80,000-squar-foot facility in Greenlawn, NY to create a modern physical plant that conforms to current design standards and provides a high-quality patient experience.

“Healthcare real estate developers must take the Census and BLS numbers seriously and identify new building sites,” said Simone. “Yesterday’s doctors’ offices are not equipped to handle the coming wave of aging Baby Boomers.”

2021-09-07T14:28:37-04:00July 12, 2021|

Joseph Simone of Simone Development Companies Sees Remote Working to Spur Healthcare Development

Healthcare real estate developer Joe Simone foresees an increase in non-downtown medical projects as providers relocate from urban office cores to serve their remotely working patients.

“Many commuters who formerly worked in urban cores patronized doctors and medical practices that were easily accessible from the office,” said Joseph Simone, President of the Simone Development Companies, a leading developer of healthcare facilities. “However, the boom in remote working that started during the pandemic emptied urban office cores. Patients are now forced to find healthcare services close to home, which means the suburbs and other residential areas.”

In recent weeks, news reports nationwide have asked when or if office workers will return to central business districts. While the post-pandemic recovery is still incomplete, there is a growing consensus that many office workers will stay home. Additionally, a national exodus of residents in urban cores for more suburban locations has created housing-price spikes in rings around almost every major U.S. metropolis.

“We’ve just witnessed a great relocation of Americans and the healthcare sector hasn’t caught up yet,” said Simone. “This mass movement of people represents tremendous opportunities for agile health providers that can pivot from urban cores to the suburbs.”

A good example is Simone’s 644 West Putnam Avenue property in Greenwich, Connecticut., a commuter community in New York City’s northern suburbs. The mixed-use building offers 19,000 square feet of ground floor retail space and 20,000 square feet of second floor office/medical/retail space.

“People in the urban core are moving to communities like Greenwich, but they still want the specialty shopping and services of a dense urban environment,” Joseph Simone said.

2021-09-08T11:45:12-04:00June 21, 2021|

Throggs Neck Shopping Center

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Throggs Neck Shopping Center

815 Hutchinson River Pkwy, Bronx, NY

In 2010 Simone Development Companies acquired a former U.S. Postal Service distribution center and repurposed it as the thriving Throggs Neck Shopping Center. The 300,000-square-foot retail community in the Ferry Point section of the Bronx is anchored by a Target Department Store. Other tenants include national brand discount apparel stores, restaurants, an urgent care facility and other medical services. The center offers complimentary parking and is conveniently located on Brush and Lafayette avenues, with visibility and easy access from the Hutchinson River Parkway.

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FOR LEASING INFORMATION, PLEASE CONTACT:

Josh Gopan
Vice President of Leasing

Jeremy Schwartz
Director of Leasing

2024-01-18T09:05:56-05:00June 1, 2021|

Joseph Simone of Simone Development Envisions Patient Demands Transforming Rehabilitation Centers

As our society ages, there will be a greater demand for rehabilitation complexes that require significantly more square footage per patient than hospitals, according to Joseph Simone, President of Simone Development Companies.

Simone said the expanding need for rehabilitation centers is a question of demographics. According to the U.S. Census Bureau, the number of Americans over the age of 65 will outnumber the amount of youth under 18 by 2034. Longer, more active lifespans will make the need for physical rehabilitation likelier for many seniors over the course of their golden years.

Rehabilitation centers typically offer transitional care for patients released from hospital care but who aren’t ready to function on their own. The patient visits range from a few days to two weeks for orthopedic, cardiovascular, and neurological recovery or up to months for cases of traumatic brain injury.

“Increasing patient choice, high-deductible insurance plans and elective surgeries will require rehabilitation centers to compete for clients by offering greater amenities and services. Patients will seek facilities that offer calming spaces for recovery, not sterile medical suites. Space-consuming amenities include physical therapy gyms, therapy pools and upper extremity training rooms, among others,” said Joe Simone.

Simone Development, which is a leading developer of state-of-the-art healthcare facilities, understands patient and family demands for supportive services, advanced technology, privacy and amenities. “We expect the 21st-century rehabilitation center to include single patient rooms, many common spaces, ample therapeutic space, accessibility to outdoor areas and family participation lounges,” said Simone.

2021-09-08T11:57:01-04:00April 19, 2021|

Joseph Simone of Simone Development Sees More Automation Coming to Doctors’ Offices

Patients visiting their primary care providers will see considerable evidence of technology becoming more prevalent in the examination room, according to Joseph Simone, President of Simone Development Companies. Simone said doctors use laptop computers during visits; examination equipment is now digital and wi-fi connected; and office staffers communicate with patients by text or email.

Simone Development, a leading developer of state-of-the-are healthcare facilities, has accommodated technology’s growing presence by building examination rooms with high-speed internet ports and increased electrical wiring for the new gear. Now the pandemic is accelerating other healthcare trends, particularly touchless tech and automation.

“We’ve already seen hands-free technology at work with hand sanitizer stations and hand-washing sinks. The endless need to sanitize surfaces to avoid contagion has some medical providers asking their landlords to modify interior doors so that they will automatically open when someone approaches,” said Joe Simone.

“Illness screening protocols will require many of these automated doors to be connected to thermal sensors at entrances, where the devices will temperature check visitors before doors open. Medical office landlords should expect to install more thermal sensors as the technology becomes more affordable,” Joseph Simone added.

Simone said medical office builders will also have to consider how they will build self-sanitizing examination or waiting rooms and which technologies—ultraviolet lights, ceiling misting systems or others—will work best for tomorrow’s medical practices.

Simone Development’s architects are already incorporating into their designs the post-pandemic protocols that will become permanent, while allowing space flexibility to incorporate tomorrow’s demands.

2021-09-08T12:04:33-04:00April 5, 2021|

Hutchinson Metro Center

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Hutchinson Metro Center

1250 Waters Place, Bronx, NY

The Hutchinson Metro Center (HMC) is one of the largest mixed-use developments in the region with a stunning success story as a thriving medical/office community. The 42-acre campus includes more than 1.4 million square feet of Class A office and medical space, as well as retail space, dining, complimentary parking and a 125-room Marriott Residence Inn–the first business- and tourist-class hotel in the Bronx. Another first for the region is Montefiore Medical Center’s ambulatory care center, a “bedless hospital” representing an evolution of healthcare delivery that allows Montefiore to provide treatment and surgery without hospitalization. HMC is home to over 80 leading businesses, healthcare and educational institutions, and federal, state and city agencies, employing over 8,000 people. The beautifully landscaped suburban-style campus is conveniently located directly off the Hutchinson River Parkway in the Pelham Bay/Morris Park section of the Bronx. Plans call for connecting the campus directly to the new Morris Park Metro-North station.

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Hutchinson Metro Center Atrium

1776 Eastchester Road, Bronx, NY

Located within the 42 acre Hutchinson Metro Center complex in the Bronx, the 360,000 square-foot complex features three floors of state-of-the-art Class A medical and office space as well as retail and restaurants. Medical practices have access to a large and growing patient base with four major hospitals less than one mile away. Tenants include Fresenius, Hanger Clinic, Parkchester Oral & Maxillofacial Surgery Associates, and Montefiore. There is also an LA Fitness, Dunkin’, Chipotle, A-Z Nutrition & Smoothies and a 125-room Residence Inn by Marriott. The architecturally distinctive building features a soaring glass atrium and lobby and is set in a landscaped suburban-style campus setting. Abundant parking for more than 1,100 vehicles is provided on-site.

Montefiore Ambulatory Care Center

1250 Waters Place, Bronx, NY

The concept of ambulatory care is taken to new heights with this 280,000 square-foot “bedless hospital” custom designed for Montefiore Medical Center. Located at the Hutchinson Metro Center campus, the 11 story tower includes 12 operating rooms and four procedure rooms, an advanced imaging center, onsite laboratory services and pharmacy, as well as new primary and specialty care practices. From the moment you enter the elegantly designed lobby, you sense a healing environment that provides patients with a positive experience while offering an array of medical services in a central location including primary and specialty care visits, diagnostic imaging and surgery. The interdisciplinary approach to care allows for stronger, easier collaborations and referrals.

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FOR LEASING INFORMATION, PLEASE CONTACT:

Josh Gopan
Vice President of Leasing

Jeremy Schwartz
Director of Leasing

2024-01-18T09:10:53-05:00January 1, 2021|

Medical Real Estate Developers, Simone Health, Discuss How Medical Facility Design Promote Employee Satisfaction

There are a lot of factors that go into a good design: light and noise considerations, prime spatial awareness, easy wayfinding, logical lay-outs… the list goes on. Designing healthcare facilities comes with its own challenges and considerations that many other buildings do not, making the design of medical buildings all the more important when it comes to the details and process-design.

However, designing the right medical building can reap a huge number of benefits, not only for patients, but for staff members. Medical real estate developers, Simone Health, discuss how medical facility design can promote employee satisfaction down below.

Staff-Only Outdoor Space: Incorporating outdoor space into healthcare facilities is an up and coming design trend, but there’s a way to take its benefits to the next level: providing a separate outdoor space for employees. Outdoor spaces are already proven to reduce stress-levels and improve work performance, but there is often one communal outdoor space for all visitors, patients, and staff to relax in. It would be highly beneficial to your staff well-being if there was a section for only staff members, where they can escape from the eyes of patients and their visitors. It’ll provide even more stress-reduction, and allow them to go back to caring for patients with a smile on their face.

Reduced Noise Levels: The noise level of a healthcare center, especially hospitals, if often too loud of a decibel level to be relaxing. Healthcare workers are in a high-stress and noisy environment every hour they’re working, those of which are typically very long. A design consideration that can benefit staff and patients alike is proper soundproofing throughout the entire medical facility. This will bring down the decibel level and provide a less stressful and comfortable environment for everyone, allowing employees to improve their focus and service.

Improved Patient Wayfinding: You may think that improving patient wayfinding only benefits patients and their visitors. Well, there’s a huge benefit in this design consideration for employees as well: not having to deal with lost, wandering patients meandering around the hallways. Ensuring there’s a system in place that allows patients and their visitors to find their way around the facility unassisted allows staff to focus on their tasks and avoid unauthorized folks from entering hallways they’re not supposed to.

Standardization of Medical Tools: One final design consideration is the standardization of medical tools. This is especially helpful in high-volume clinics and emergency departments, where staff members need to act urgently. Having a standard set-up in every patient room ensures that medical staff always know where something is, no matter what room they’re in or what kind of patient issue they’re dealing with. This can reduce stress in these often life-or-death situations, improving the overall employee experience.

“Happy staff make for happy patients. If you want your patient satisfaction levels consistently high, it’s essential to pay attention to the concerns of your staff members who are caring for them. Incorporate some of the suggestions above to give your medical staff the work environment they deserve so they can provide the best service to your patients in return,” said Joe Simone, President of Simone Development Companies.

2021-09-08T16:30:30-04:00June 1, 2020|
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