First Major Lease for Mixed-Use Complex Under Construction on Site of Former Boyce Thompson Institute Property in Yonkers

YONKERS, NY (August 5, 2015) – In its first major lease at the Boyce Thompson Center under construction in Yonkers, Simone Development Companies has announced that St. John’s Riverside Hospital has signed a 15,000-square foot lease for medical offices at the mixed-use complex.

St. John’s Riverside, which is the largest community hospital in Westchester County, is leasing the entire two-level freestanding glass and aluminum building that will be built at the corner of Executive Boulevard and Executive Plaza. St. John’s Riverside is located on North Broadway less than one mile away from the Boyce Thompson Center.

“We are excited about this opportunity to expand into an incredible new state-of-the art facility. This prime location will help us continue to serve our patients with convenient access to needed outpatient services, and is in keeping with our mission of providing the highest quality, most technologically advanced healthcare for our community today and for generations to come,” said Ron Corti, President & CEO of St. John’s Riverside Hospital.

“We are thrilled to have St. John’s Riverside Hospital as our first tenant at the Boyce Thompson Center. This is an ideal location for medical offices providing easy access to major highways and excellent visibility along Executive Boulevard,” said Joseph Simone, President of Simone Development Companies. “Since we began construction in June, we have seen tremendous interest from office and retail operations seeking occupancy at the center,” he added.

The Boyce Thompson Center is a modern 85,000-square-foot mixed-used complex under construction on the site of the former Boyce Thompson Institute. Located at the intersection of North Broadway and Executive Boulevard in Northwest Yonkers, the new Boyce Thompson Center will include office space for business and medical use on the upper floor of the building with the front and rear grade levels housing medical offices, retail stores, banking and two restaurants. The historic Boyce Thompson building, which was built in the 1920s, will be restored to its original character. The $35 million project, which broke ground in June, is expected to be completed in 20 months.

The Boyce Thompson Center is conveniently located directly off Executive Boulevard with easy access to the Saw Mill River Parkway and North Broadway. New York Thruway (I-95), Bronx River Parkway and Cross County Parkway are only minutes away. For leasing information call (718) 518-8600 or visit

Simone Development manages more than 100 properties comprising over 5 million square feet, many of which are located in the Yonkers area. Simone Development has owned and managed properties in the City of Yonkers for more than 30 years.

About Simone Development Companies
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 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 recently completed and fully leased.