Montefiore Medical Center Announces Plans To Build The Hospital Of The Future

Simone Development to Construct State-of-the-Art Ambulatory Facility at Hutchinson Metro Center

NEW YORK, Oct. 22, 2012 /PRNewswire/ — Montefiore Medical Center today announced an agreement with Simone Development to lease an 11-story, 280,000-square-foot building at Hutchinson Metro Center. The new construction project, scheduled for completion in the third quarter of 2014, 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.

Montefiore Medical Center Logo: http://www.ereleases.com/pic/Montefiore.png

Simone Development Logo: http://www.ereleases.com/pic/Simone.png

"This new tower will allow Montefiore to bring the healthcare of tomorrow to our patients here in the Bronx," said Steven M. Safyer, MD, President and CEO of Montefiore Medical Center. "We are reshaping outpatient care and establishing leading practices that provide Montefiore's world-class treatments through multidisciplinary teams at a hospital without beds."

Simone Development will use 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.

"We are very mindful of the healthcare industry trends driving demand for high-quality medical office space," said Joseph Simone, President of Simone Development. "The needs of hospital systems have shifted significantly in recent years, and Simone Development is a leader in helping the medical profession to navigate this new landscape. We're thrilled to be expanding Montefiore's presence here at Hutchinson Metro Center, and helping them to fulfill their facility needs with this beautiful new tower has been rewarding for us."

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 traditional hospitals, including the Children's Hospital at Montefiore.

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.

Hutch Center Images:
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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.