Simone Healthcare Development and Montefiore Medical Center Celebrate Topping out of New Addition to Hutchinson Metro Centre

NEW YORK, May 17, 2013 /PRNewswire/ -- Simone Development Companies and Montefiore Medical Center joined local elected officials and community leaders for a topping out ceremony on May 15 marking the completion of the superstructure at Tower Two of Simone's Hutchinson Metro Center.

(Photo: http://photos.prnewswire.com/prnh/20130517/PH15946-a)
(Photo: http://photos.prnewswire.com/prnh/20130517/PH15946-b)

The new tower, scheduled for completion in the third quarter of 2014, is an 11-story, 280,000-square-foot building that Montefiore will lease in its entirety. It reflects an evolution in the delivery of healthcare, providing new space for multidisciplinary approaches to care and integrating technology that allows Montefiore to provide necessary treatments without the need for hospitalization.

"At our new Hutch Metro Center location, Montefiore will offer patient-centered, multidisciplinary care at a hospital without beds, bringing healthcare of tomorrow to patients from the Bronx and beyond," said Steven M. Safyer, MD, president and CEO of Montefiore Medical Center. "We are reshaping outpatient care and expanding treatment options to improve results and speed recovery."

Simone Development is using its healthcare expertise and specialized design skills to construct a building that meets Montefiore's patient-focused specifications and unique structural requirements of the imaging and surgical floors. The state-of-the-art building will include an ambulatory surgery center, featuring 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. The initial lease agreement is for 16 years with the option to extend the lease or purchase the tower.

"Today is a great day for the future of healthcare. This topping out ceremony is major milestone on the path toward opening a truly revolutionary, first-of-its kind medical facility," said Joseph Simone, president of Simone Development. "We are honored to partner on this project with a visionary organization like Montefiore, which will deliver world-class treatments through multidisciplinary teams right here in the Bronx,"

The new tower will be adjacent to another building on the Simone Development site that is home to Montefiore's Center for Orthopaedic Specialties. Together, this will create Montefiore's fourth campus, to be called Hutchinson Campus, extending Montefiore's care delivery network to a new area of the Bronx. This integrated network encompasses more than 130 locations, 50 advanced primary and specialty care centers, 19 school health clinics, a home health agency and four hospitals on three campuses, including the Children's Hospital at Montefiore and the recently opened Westchester Square emergency and ambulatory care center.

The new tower is another chapter in the continuing success of the Hutchinson Metro Center. The 42-acre suburban-style campus offers the finest Class A office space and a host of first-class amenities. The complex also offers free parking with more than 1,100 spaces and a complimentary shuttle service to nearby subway lines.

About Montefiore Medical Center

As the University Hospital for Albert Einstein College of Medicine, Montefiore is a premier academic medical center nationally renowned for its clinical excellence, scientific discovery and commitment to its community. Recognized among the top hospitals nationally and regionally by U.S. News & World Report, Montefiore provides compassionate, patient- and family-centered care and educates the healthcare professionals of tomorrow. The Children's Hospital at Montefiore is consistently named in U.S. News' "America's Best Children's Hospitals," and is second among those in the New York metro area. With four hospitals, 1,491 beds and 93,000 annual hospital discharges, Montefiore is an integrated health system seamlessly linked by advanced technology. State-of-the-art primary and specialty care is provided through a network of nearly 100 locations across the region, including the largest school health program in the nation and a home health program. Montefiore's partnership with Einstein advances clinical and translational research to accelerate the pace at which new discoveries become the treatments and therapies that benefit patients. The medical center derives its inspiration for excellence from its patients and community, and continues to be on the frontlines of developing innovative approaches to care. For more information please visit www.montefiore.org and www.montekids.org and follow us on Twitter @MontefioreNews.

About Simone Development Companies

Simone Development Companies is a developer of state-of-the-art office space for the healthcare industry. The company has a unique understanding of the specialized design, engineering and technological needs of the medical community and has become an expert at providing these services in a cost-effective manner.

This full-service real estate investment company specializes in the acquisition and development of office, retail, industrial and residential properties in the New York tri-state area. Headquartered in the Bronx, the privately held company owns and manages more than 5 million square feet of property in the Bronx, Westchester County, Queens, Long Island and Connecticut. The company's portfolio includes more than 100 properties and ranges from multi-building office parks to retail and industrial space.

The company's largest and most successful development is the 42-acre Hutchinson Metro Center office complex located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx. The first two phases of the complex (1200 Waters Place and 1250 Waters Place), which comprise nearly 750,000 square feet of Class A office and medical space, are fully leased. Two additional phases totaling 650,000 square feet (the 370,000-square-foot Metro Center Atrium and 280,000-square-foot Tower Two, adjacent to 1250 Waters Place), are currently under development.

Montefiore Contact:
Helene Guss
Email
718-920-4011
@MontefioreNews

Simone Development Contact:
Eric Waters, Email 
Eric Gerard, Email 
212-741-2977

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SOURCE Simone Development Companies