The Hutchinson Metro Center a Simone Development Companies Property
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Simone Development Companies Introduction
Simone Development Companies is a highly successful real estate development firm in the greater New York metropolitan area that has a proven record of accomplishment of transforming abandoned and underused properties into thriving and innovative development suited for modern needs.
They are privately held, an al-inclusive development firm that acquires, creates, and manages cutting-edge medical and healthcare facilities, industry/flex space, office parks, bustling retail centers, and mixed-use of housing in New York City and its suburbs, including Westchester, Long Island, and Fairfield County, CT.
Simone is focused on ensuring that their portfolio of over 100 properties and seven million square feet remains pertinent to evolving market trends, allowing communities to renew and attract new investment.
The Hutchinson Metro Center: A Simone Development Companies Property
The Hutchinson Metro Center (HMC) is a remarkable mixed-use development in the region, which has experienced significant success as a bustling medical and office community. The campus spans 42 acres of land and includes over 1.4 million square feet of high-quality medical and office space, retail areas, dining options, ample parking space, and the first-ever business and tourists-class hotel in the Bronx- a 125-room Marriott Residence Inc.
The campus also hosts Montefiore Medical Center’s innovative ambulatory care center, a “bedless Hospital” that offers medical treatment and surgery without hospitalization. The HMC is home to more than 80 leading businesses, healthcare, and educational centers, as well as federal, state, and city agencies, employing over 8000 people.
The suburban-style campus is beautifully landscaped and conveniently located off the Hutchinson River Parkway in the Pelham Bay/Morris Park section of the Bronx. Plans are in place to connect the campus directly to the new Morris Park Metro-North Station, which will further enhance accessibility.
The Hutchinson Metro Center Leasing Activity
Simone Development Companies has recently announced significant office and retail leasing activity at Metro Center Atrium, their newest mixed-used development project, currently under construction at Hutchinson Metro Center. The project includes ground-floor retail spaces, a Marriott Hotel, and 212,000 square feet of office space.
Montefiore medical center and the Law Offices of Joseph A. Romano have leased 16,000 square feet and 5000 square feet of office space respectively. On the retail front, Dukin Donuts has leased 1500 square feet of space, joining the LA fitness health club and a children’s corner daycare center.
Simone is also in negotiation with a national family-style restaurant chain to open at the location. The Metro Center atrium is strategically located in the new five major hospitals, making it an ideal location for medical practices and healthcare companies. The project’s retail spaces will be opening soon, while the office spaces are being built out with occupancy expected in early summer.
With over 4000 people working at the Hutchinson Metro Center complex, retail tenants will benefit from a tremendous market of potential customers.