Simone Development Cuts Ribbon on $35M Boyce Thompson Center Redevelopment
Real Estate In-Depth | May 2017
YONKERS—A decade’s old historic building turned eyesore has been transformed into a modern mixed-use center of commerce in Yonkers.
On May 24th, Simone Development officials were joined by county and city officials to cut the ribbon on the new Boyce Thompson Center, formerly the Boyce Thompson Institute plant research center that sat vacant with graffiti-strewn walls and its greenhouses in ruins for almost 40 years
Simone Development has transformed the historic building into the Boyce Thompson Center, an 85,000-square-foot mixed-use center that now features office/medical space, retail stores, restaurants and banking.
“The grand opening celebration represented an important milestone for Simone Development and the City of Yonkers. What was once an eyesore will now be generating tax revenue for the city, creating jobs and bringing new retail and healthcare services to the residents of Yonkers and nearby Rivertown communities. We are especially pleased to be preserving an important piece of history for Yonkers and Westchester County,” said Joseph Simone, president of Simone Development Companies.
“There is such a tremendous sense of pride and renewal felt by the city as we breathe new life into Boyce Thompson,” said Yonkers Mayor Mike Spano. “With the vision and commitment of Simone Development, we have been able to turn a symbol of long-stalled development into a historic and authentic economic driver that will build upon the momentum that’s happening in Yonkers right now.”
Built in the 1920s, the property was acquired by Simone Development two years ago. Part of the redevelopment project involved restoring the main building to its original character with a new plaza and fountain.
On the northern end of the site, a new two-level, 15,000-square-foot freestanding building was constructed and is now leased to St. John’s Riverside Hospital for outpatient care and physician offices. Services will include internal medicine, family medicine, cardiology, orthopedics, pulmonology, neuro-spinal, nephrology, GI, general surgery, pain management and continuity clinic.
A new 20,000-square-foot addition was constructed at the southern end of the main building with an architectural style resembling the historic building. WESTMED Medical Group is leasing the entire structure. In addition to the services of OB/GYNs, perinatology and family medicine, WESTMED will offer on-site diagnostic imaging, perinatology and Urgent Care—all under one roof. Imaging services will include 2D/3D mammography, X-rays for adults and pediatrics and ultrasound for high-risk Maternal Fetal Medicine and breast imaging needs, Simone officials noted.
In addition to St. John’s and WESTMED, other healthcare tenants include Westchester Gastroenterology, Juvanni Med Spa and Family Wellness Pharmacy. Retail tenants include Tompkins Mahopac Bank, PLUSHBLOW Salon, Ultimate Spectacle and The Taco Project. Restaurant Fortina has leased the entire wing on the northern end of the main building. Led by celebrity chef Christian Petroni, Fortina is scheduled to open soon.
Guy Leibler, president of Simone Healthcare Development, said of the Boyce Thompson redevelopment project, “Not only are we restoring an important historic building, we are also creating a mixed-use development that incorporates state-of-the-art medical space with retail, restaurants and other services. As healthcare becomes more consumer-driven, facilities such as the Boyce Thompson Center will become more attractive to medical practices and ambulatory care facilities that want to be located in an environment that offers patients and employees easy access to retail stores, restaurants and free parking.”
In addition to preserving the classic architectural style of the main building, Simone Development is also honoring the building’s legacy as a plant research center. Recently, Simone hosted a reception at the center for officials from the Boyce Thompson Institute which is now located in Ithaca, NY. Vintage photos of the institute in the 1920s are on permanent display in the main building.
Simone Development recently commissioned internationally-known Dutch street artist Eelco van den Berg to design and paint a dynamic mural for the southeast lower wall of the main building. The graffiti-inspired public art design was a collaborative effort of the artist, the Boyce Thompson Institute and Simone’s Boyce Thompson Center design team. The bold and colorful design features a combination of images depicting plant life, insects, birds and scientific research.
Approximately 85% of the Boyce Thompson Center is leased and additional new tenants will be announced soon, Simone Development reported.
Simone Development Companies is a real estate investment company specializing in the acquisition and development of office, retail, industrial and residential properties in the New York tristate area. Headquartered in the Bronx, the privately held company owns and manages more than five 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.