Joseph Simone Calls New York’s Workforce Development Essential for Life Sciences Real Estate Growth
New York’s planned investments in life science workforce training centers will help stimulate real estate development, said Joseph Simone of Simone Development Companies.
“New York is successfully attracting life science startups. The challenge now is to build talent pipelines to train the necessary workforce that will enable the state to achieve its employment goals,” said Joe Simone, President of Simone Development Companies. “State investments in the New York City regional workforce development plan ensure that growing life science companies seeking real estate in the tri-state area will find the right workers to fill new laboratories and facilities.”
The Long Island Investment Fund recently announced its intention to fund a life science workforce development training center. One of the fund’s goals is to supercharge the life sciences ecosystem in the region by developing workers with in-demand skills.
LifeSci NYC has a similar role in the five boroughs, and one target area is in the Bronx at the Montefiore-Einstein Accelerated Biotechnology Research Center (EMBARC), located across the street from Simone Development Companies’ Hutchinson Metro Center. EMBARC is a biomanufacturing operation focused on cell, gene, and antibody production. LifeSci NYC will invest $20 million to build a diverse pipeline of life sciences talent.
Simone Development Companies has anticipated growth in Morris Park’s biotech talent pool by planning for a live-work-play environment at the Hutchinson Metro Center, a mixed-use medical-office complex where future construction may include life science labs, housing, and destination retail catering to the employees of companies that grow out of EMBARC. This emerging innovation hub will be connected to New York City’s life sciences network by Metro-North’s future Morris Park train station, which will provide quick access to Penn Station in Manhattan.
“Since 2018, biotech research and development companies have increased employment by more than 8,000 people in the New York City metro area, an almost 20 percent increase. “Industry leaders say this growth will continue, and our Hutchinson Metro Center is well positioned to meet the increased demand for real estate that can accommodate life science facilities and workers,” 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.
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.”
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.”
5 Cuba Hill Rd, Greenlawn, NY
Mount Sinai Doctors Long Island set a new standard of excellence in healthcare with their new, spacious offices at 5 Cuba Hill Road in the Town of Huntington. The 80,000-square-foot multidisciplinary medical building houses more than 20 specialties and offers patients a continuum of services from primary and specialty care to ambulatory surgery. Simone acquired the former R&D building and worked closely with Mount Sinai and local officials to reimagine the complex as a cutting-edge medical facility that allows practices to collaborate in a single building.
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Simone Development Sells Former RUCO Polymer Corp. Site to Developer for Future Warehouse/Distribution Project
BRONX, NY (August 16, 2021) — Simone Development Companies has announced the sale of the 15-acre former site of the RUCO Polymer Corp. in Hicksville, NY (Nassau County, Long Island). The buyer, a Brookfield Asset Management real estate fund, plans to develop a modern, high ceiling warehouse distribution center on the site. Terms of the sale were not disclosed.
Jim MacDonald, vice president of leasing for Simone development, represented the seller in negotiations and Paul Leone of CBRE represented the buyer.
“Well-located industrially zoned land for development is extremely rare and Simone Development is extremely pleased to find a buyer well-equipped to realize the site’s full potential,” said Joseph Simone, president of Simone Development. “With its close proximity the Long Island Expressway, as well as an existing rail spur, the site is well-positioned for industrial development to meet the needs of then growing e-commerce market.”
The Rubber Company of America (RUCO) built a manufacturing facility on the site in 1945, where RUCO Polymer Corp. (Hooker Chemical Company) manufactured plastics, latex, and esters. Occidental Chemical Corporation (OCC) owned and operated this site from 1966 to 1982. The site was later purchased by Sybron Corporation to produce polyester from 1982 to 2002. The Bayer Corporation purchased the site in 2000 and in 2002 decided to close the facility and demolish the existing buildings. The facility was a freight customer of the LIRR and New York and Atlantic Railway, served by a spur track off the Main Line next to the grade crossing at New South Rd.
Joseph Simone, President of Simone Development Companies, Repositioning Long Island Property for Last Mile Distribution Facility
Joe Simone, President of Simone Development Companies, a leading investor and developer of industrial and healthcare properties throughout New York, New Jersey and Connecticut, recently unveiled plans for the renovation and repositioning of its newly acquired 60,000 square-foot warehouse/distribution property in Carle Place, NY to meet the demand for high-quality last mile distribution facilities in Western Nassau County, Long Island.
“As a developer, it is truly exciting to acquire such a well-situated property and have the ability to convert it to meet the growing need for quality last mile distribution space,” said Joseph Simone. “The demand for this type of space, particularly in Western Nassau County where inventory is sparse, was accelerating rapidly even before the COVID crisis. Today, as online purchasing has become a necessity rather than a convenience, the demand is stronger than ever.”
Simone Development acquired the vacant single story-light industrial/warehouse property 40 Voice Road in Carle Place from Ansaco Properties LLC. The 60,000 square-foot property on four acres includes 5,000 square feet of office space, heavy power and currently has three drive-in bays, two loading docks, 16-foot ceilings and parking for 90 standard vehicles. Simone will renovate the property to suit a single tenant, adding additional loading docks and developing 2.75 acres of additional paved parking area on currently vacant space to accommodate tractor trailer, delivery truck and additional vehicular parking. The property is conveniently located near major highways and within 30 minutes of NYC airports and five minutes from LIRR Carle Place Station.