Montefiore Medical Center has announced an agreement with Simone Development to lease an 11-story, 280,000 s/f building at Hutchinson Metro Center.
The new construction project, scheduled for completion in the third quarter of 2014, 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.
“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.”
“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.
The 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 the latest chapter in the success of the Hutchinson Metro Center. The 42-acre suburban-style campus offers 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 free shuttle service to nearby subway lines.