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.
Simone Development and Stagg Group Commence Construction on 186 Units of Affordable Housing in New Rochelle
Housing Construction Marks Phase 2 of 26 Garden Street Project
NEW ROCHELLE, NY – August 3, 2022 – Simone Development Companies and Stagg Group have commenced construction on West View Apartments, a 186-unit affordable housing development that marks Phase 2 of a mixed-use project at 26 Garden Street in New Rochelle, NY.
“We are extremely pleased to start the development of Phase 2 of this multifaceted project, providing affordable housing opportunities with convenient access to regional transportation options in the heart of New Rochelle,” said Joseph Simone, president of Simone Development Companies. “This exciting new residential property is expected to be completed and rented by July 1st, 2025.”
Phase 1 of the project, consisting of a six-story building, was completed last summer by the Simone/Stagg partnership, and includes the new home of the New Rochelle Family Court, which features two courtrooms, three hearing rooms, judge’s chambers, offices for non-judicial staff as well as for staff from the Office for Women, Department of Probation, and other County agencies. The 35,000-square-foot space features the latest technology and equipment, from assisted-listening capabilities to HVAC systems that provide for a good fresh-air ratio.
Phase 2 of the project includes a ground up construction project of a 208,000-square-foot, 24-story tower consisting of 186 affordable housing units reserved for families whose income is at or below 60% of the area medium income for Westchester County, NY. The unit makeup will be 34 studios, 96 one-bedroom and 56 two-bedroom units.
The development will include a community room, gym, computer center, laundry facilities and parking for tenants, and will also include a number of sustainability measures including compliance with Enterprise Green Community and Energy Star MFNC (multifamily new construction) standards, low flow plumbing fixtures, LED light fixtures with motion sensors, dark sky compliant exterior light fixtures and use of low VOC paint and sealants.
“We are excited to partner with Simone Development on another successful and important project,” shared Mark Stagg, Founder and CEO of Stagg Group. “First delivering a new state of the art facility for the Westchester Family Courts, and now by adding much-needed affordable workforce housing, constructed to the highest standards, here in New Rochelle.”
The project was designed by Newman Architects and BE Bronx Builders is the General Contractor. The site underwent a brownfield cleanup in 2019 and 2020 to prepare for all three phases of the project. In addition to the new Westchester County Family Court, completed on a tight timeline of just 14 months, Phase 1 also included a Private Art Betterment installation as part of the project requirements. Phase 3 will include an additional mixed-use building with details and use still to be determined.
250 E Sandford Blvd
250 E Sandford Blvd
Mount Vernon, NY
250 East Sandford Boulevard is a four-story, 110,300 square-foot industrial/flex R&D property. The facility offers floorplates of more than 18,000 square feet on the ground floor, more than 30,000 square feet on levels one and two and nearly 32,000 square feet on level three, and features 145 parking spaces, six loading docks, direct drive-in access on the ground level, and floor load capacity of 185 pounds per square foot. Originally constructed in 1970, Simone Development Companies acquired the property in September 2021 and commenced a renovation that included a new exterior façade, new windows, new elevator, the addition of a front-loading dock and complete paving and restriping of the entire three-acre site. The building’s redevelopment strategy takes advantage of the site’s topography by providing direct loading access on all four floors, offering flexibility for single-users or multiple full-floor tenants. Located in Southern Westchester and bordering the Bronx, the site has convenient access to both public transportation and major highways, including I-95, I-87 and the Hutchinson River Parkway. In addition to a public bus stop at the site, the property is one half mile from the Mount Vernon East Metro-North train station.
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My Salon Suite to Open First New Rochelle Location At Simone Development’s 80 Nardozzi Place
NEW ROCHELLE, NY (January 24, 2022) — Simone Development Companies has announced My Salon Suite has signed a 7,345-square-foot lease at the firm’s property located at 80 Nardozzi Place in New Rochelle, NY. Katelin Vanvoorhis and David Scotto of RM Friedland LLC, represented ownership in the lease negotiations, while My Salon Suite was repped by Thomas R. Zuber with Fairfield Retail Partners LLC.
With a franchise spanning over 5,000 members in over 200 locations in the U.S., My Salon Suite’s latest location is poised to continue expanding on their brand and their goal to revolutionize the salon industry. “My Salon Suite was attracted to 80 Nardozzi Place due to its convenient location, plentiful parking and design details including remarkable 25′ clear ceiling heights and signage along I-95. We are excited to welcome My Salon Suite to this space in New Rochelle,” said Joanna Simone, Principal & Vice President of Leasing for Simone Development.
Simone Development’s 80 Nardozzi Place is a modern commercial property with 44,0000 square feet of retail space. The property, which underwent a complete façade renovation in 2020 and offers great highway visibility, features ample on-site parking in an ideal location off I-95 and Main Street in New Rochelle. There is currently 16,500 square feet of prime retail space available for lease at the property according to Mr. Scotto of RM Friedland LLC, exclusive leasing agent for 80 Nardozzi.
My Salon Suite joins Ashley Furniture Home Store at 80 Nardozzi and LA Fitness and Cost Depot Wine & Liquor at nearby 70 Nardozzi, a 70,000 square-foot free-standing property developed by Simone Development and G&S Investors in 2021. The property is also adjacent to several popular retailers including Costco, Home Depot, CVS, Bank of America, and Land Rover & Jaguar. For more information on My Salon Suite visit https://www.mysalonsuite.com/.
Simone Development Companies Signs New Medical Office for Phelps Hospital – Northwell Health at 1034 North Broadway in Yonkers, NY
BRONX, NY (January 4, 2022) — Simone Development Companies has announced that Phelps Hospital – Northwell Health has signed a 4,658-square-foot office lease at the firm’s 1034 North Broadway property in Yonkers, NY. The property is now fully leased, at 100% occupancy. Ownership was represented by Jillian Reiner of RM Friedland while the tenant was represented by Robert Lella and Darren Leiderman from Colliers International.
The mixed-use retail/office property at 1034 North Broadway was acquired by Simone Development in 2014 and will undergo exterior renovations in 2022. Interior lobbies, common areas and restrooms were upgraded in 2020.
In addition to Phelps Hospital – Northwell Health lease, Trust Specialty Pharmacy has announced the upcoming opening of a 3,854 square-foot, state of the art facility at the property, scheduled for January 2022.
Phelps Hospital – Northwell Health joins several medical tenants in the building including Upright Imaging of Westchester, Eden Dental, Executive Park Orthopedic & Sports Physical Therapy, Trust Specialty Pharmacy, Diabetes & Thyroid PLLC, and Family Medicine of Westchester. The property is also close to multiple medical tenants and amenities ranging from Boyce Thompson Center and St. John’s Riverside Hospital to the Courtyard Marriott, Residence Inn, and Applebee’s.
“We are thrilled to welcome quality tenants like Phelps Hospital – Northwell Health and Trust Specialty Pharmacy to 1034 North Broadway, a prime office and medical building in an ideal location, minutes away from Saw Mill Parkway and I-87 as well as the Greystone Metro-North Station,” said Joanna Simone, Vice President of leasing and Property management Operations at Simone Development. “On top of the property’s convenient location, the upcoming exterior renovations will continue to position the building as a premier medical property in Yonkers.”
Yonkers Mayor Mike Spano and City Council Members Join With Simone Development for Annual Holiday Tree Lighting at Boyce Thompson Center
BRONX,NY (December 01, 2021) — Senior executives of Simone Development Companies joined with Yonkers Mayor Mike Spano and members of the Yonkers City Council for the annual holiday tree lighting ceremony held December 2nd at Simone Development’s Boyce Thompson Center in Yonkers.
Pictured from left, Councilman John Rubbo; David Sanchez from the office of Council President Mike Khader; William Mooney, Director of Community and Institutional Relationships; Kevin Plunkett, Director of Strategic Initiatives; Councilman Anthony Merante; Councilwoman Shanae Williams; Mayor Mike Spano; Patricia Simone, Principal and President of Simone Management Group; Joseph Simone, President of Simone Development; Councilwoman Tasha Diaz; Councilwoman Corazon Pineda-Isaac; Councilman Mike Breen; Council President-Elect Lakisha Collins-Bellamy, County Legislator Chris Johnson; Joseph Kelleher, President of Simone Metro Properties; Joanna Simone, Principal and President of Leasing and Property Management Operations; and Guy Leibler, President of Simone Healthcare Development.
26 Garden Street
26 Garden Street
New Rochelle, NY
Simone Development Companies in partnership with Stagg Group created this mixed-use development, beginning with a six-story building that was completed in the summer of 2021. It includes the new home of the Westchester Family Court, with two courtrooms, three hearing rooms, judge’s chambers, offices for non-judicial staff and for staff from the Office for Women, Department of Probation and other county agencies. Currently underway is the additional construction of a 208,000-square-foot, 24-story tower consisting of 186 affordable housing units reserved for families with incomes at or below 60 percent of the area median income for Westchester County. The unit makeup will be 34 studios, 96 one-bedroom and 56 two-bedroom units. West View Apartments will include a community room, gym, computer center, laundry facilities and parking for tenants. West View Apartments is expected to be completed and fully rented by summer 2025.
