Simone Development Companies last week won the winning bid to acquire and develop a 33-acre site at 1500 Waters Place in the Bronx, adjacent to their existing 42-acreHutchinson Metro Center office park.
Terms of the deal were not disclosed. Joseph Simone, president of Simone Development Companies, made the announcement.
The site comprises the northeastern portion of the New York State Office of Mental Health (OMH) Bronx Psychiatric Center campus, including three primary buildings comprising an aggregate total of 900,000 s/f, as well as four smaller buildings and a steam generating powerhouse.
In an effort to reduce its facilities footprint, OMH is consolidating its current operations and will maintain a smaller, 43 acre campus of newly constructed buildings adjacent to the site.
It is anticipated that the entire 33 acres will be available for development by mid-2015, after being vacated by OMH.
The New York State Urban Development Corporation issued a Request for Proposals for the purchase and redevelopment of the 33-acre parcel in the Morris Park section of the Bronx in November 2013.
The site is surrounded by commercial, retail and institutional uses with a recent history of significant development by Simone, including the immediately adjacent Metro Center Atrium, a 360,000 s/f complex including office, medical, hotel and retail space.
ESD President and CEO Designate Howard Zemsky said: “This announcement is wonderful news for the entire Morris Park community, which will benefit greatly
