Sept. 2008
Hutchinson Metro Center Celebrates
Grand Opening of New Office Tower
280,000 SF Building Nearly 45% Leased
BRONX, NY (September 2008) – In yet another significant milestone in the rebirth of the Bronx, state and city officials joined with the developers of the Hutchinson Metro Center to celebrate the Grand Opening of Tower One, the first of two Class A office towers to be built on the 42-acre office campus in the Bronx.
“Today’s official opening of Tower One is a landmark achievement for our company and the Bronx. This new state-of-the-art office tower is now home to a growing number of businesses that are bringing new energy and vitality to this office park and the borough,” said Joseph Simone, President of Simone Development Companies, the developer of the Hutchinson Metro Center.
Speaking at a ribbon-cutting ceremony held September 25 at the new tower, Mr. Simone added, “The response from tenants to Tower One has been phenomenal. Nearly 45 percent of the space has been leased and several major new deals will be announced shortly. This entire project has been a big success from day one and we expect it will continue to grow as more and more businesses discover the top-quality, well located office space that we are offering in the Bronx.”
Among the state and city officials attending the event were New York State Senator Jeffrey Klein, New York State Assemblyman Michael Benedetto and New York City Councilman James Vacca.
Located at 1250 Waters Place, Tower One features 280,000 square feet of Class A space on nine floors with four floors of covered parking. Space is available for immediate occupancy starting at 1,500 square feet. A second tower of 280,000 square feet is planned for construction adjacent to Tower One. The two towers will be connected by a common lobby. Newman Design Group is the architect for the project.
The grand opening of Tower One builds on the unprecedented success of the first phase of 460,000 square feet at the Hutchinson Metro Center which was fully leased less than two years after its completion. Major tenants include Mercy College, Visiting Nurse Service of New York, University Diagnostic Medical Imaging and New York City Housing Authority. Many of the tenants are companies that have consolidated multiple office locations to the complex.
Located directly off the Hutchinson River Parkway in the Pelham Bay section of the Bronx, the Hutchinson Metro Center offers Class A office space and world-class amenities and services in a suburban campus setting that’s convenient to the city as well as the suburbs.
Mr. Simone noted that Tower One is generating a great deal of excitement in the medical community. “This is the ideal location for today’s fast growing medical practices. We’re less than a mile from four major hospitals and there’s a large patient base to draw on in the Bronx. Plus we have something few other office locations in the city can offer – free parking for employees and patients,” he said.
In addition to being near four major medical institutions -- Albert Einstein College of Medicine, Montefiore Medical Center, Jacobi Medical Center and Calvary Hospital. – the Hutchinson Metro Center features one of the most convenient and central office locations in the tri-state region. The complex is easily accessible to major highways, bridges and airports. The northern suburbs and Manhattan are less than 30 minutes away.
First-class amenities include a full-service Metro Café with Cyber Lounge, fitness center, state-of-the-art teleconferencing center, on-site child care facility, attended gatehouse with 24/7 security, landscaped courtyards with gardens and seating/dining areas, ATM, dry cleaners, sundry shop and complimentary shuttle service to nearby subway. For certain businesses relocating to the complex, they may qualify for business and property incentives.
The development of the Hutchinson Metro Center is having a significant impact on the Bronx economy, creating thousands of new jobs which, in turn, is adding new vitality to the borough’s retail and residential market.
“We’re very bullish on the Bronx economy. This borough has everything you need to succeed in business – an excellent highway system, convenient access to public transportation and a large and skilled labor pool. We’re pleased that the Hutchinson Metro Center – and now Tower One -- continues to play an important role in the borough’s economic renaissance. We look forward to starting work on our second office tower,” said Mr. Simone.
For leasing information, please call (718) 518-8600.
About Simone Development Companies
Headquartered in New Rochelle, NY, Simone Development Companies is a full service real estate investment company specializing in the acquisition and development of office, retail, industrial and residential properties in the tri-state area. The privately held company owns and manages an extensive range of commercial projects from multi-building office parks to retail and industrial space in Westchester County, Queens, the Bronx, Long Island and Connecticut. The company’s portfolio of more than 90 real estate properties totals approximately 4 million square feet of development space. Simone Development has also developed a number of significant residential projects ranging from luxury homes to affordable rental apartments.
# # #
| A BRONX CELEBRATION -- State and city officials joined with the developers of the Hutchinson Metro Center on September 25 for a ribbon-cutting ceremony to celebrate the Grand Opening of Tower One, the first of two Class A office towers to be built at the 42-acre office campus in the Bronx. From left, Fran Mahony, Director of Community Outreach for U.S. Rep. Joseph Crowley; Joseph Kelleher, Executive Director of Leasing and Property Management for the Hutchinson Metro Center; New York State Assemblyman Michael Benedetto; Joseph Simone, President of Simone Development Companies, the developer of the Hutchinson Metro Center; New York State Senator Jeffrey Klein; New York City Councilman James Vacca; Joe Ramos, a Vice President of the Bronx Chamber of Commerce, and Lenny Caro, Chief Executive Officer of the Bronx Chamber of Commerce. |
