Bronx Marriott to Open in September

Rendering of Marriott Residence Inn in the East Bronx.

Come September, an 125-room Marriott Residence Inn will be open in the East Bronx, Commercial Observer has learned.

The hotel, at 1776 Eastchester Road, will have a lounge with a bar on the ground floor that leads to an outdoor patio with a fireplace, a second-floor 2,000-square-foot conference facility and hotel rooms on floors four through nine of the 370,000-square-foot Atrium building, said Joseph Kelleher, president of Simone Metro Properties, a division of Simone Development. Rooms will range in size from 487 square feet to 786. Read More

Health care

Modern Medicine: How Fundamental Health Care Changes are Reshaping the Medical Real Estate Game

Doctors at Memorial Sloan-Kettering. (Credit: abcnews)

Several months ago, I unearthed a clock radio from an old box of belongings and set it up in my bathroom so I could rock out to some tunes as I showered before work. 

At times, I was slightly amused by the segues of deejay banter, but the in-your-face commercials slinging everything from car insurance to pet food were less charming. 

An ad about a cancer survivor who had achieved her dream of having children after receiving the best, most convenient care at a particular outpatient cancer treatment facility at first struck a chord, but by the fifth or sixth iteration, it admittedly grew tiresome, and I retired that particular station altogether. Read More

Year in Real Estate

In 2012, Hospitals Expand Real Estate Footprints, from Brooklyn to Harlem

New York City Exteriors And Landmarks

The city’s aging population, a drive for state-of-the-art facilities and strong hiring across the health care industry prompted unprecedented growth in leasing activity in the health care sector across the five boroughs in 2012.

Memorial Sloan-Kettering, Mt. Sinai, Montefiore Hospital and Inventa Health were among the dozens of hospitals and medical companies to announce bold new initiatives to expand their footprints in the city in 2012, and those developments are only a sign of what’s to come, brokers and analysts predict. Read More

Lease Beat

Applebee’s Joins Throggs Neck Shopping Center

Courtesy of Printable Coupons

Applebee’s is set to open a new 6,640-square-foot location in the Bronx.

The casual dining restaurant, known for signature items like “riblets,” will be opening a location at the Throggs Neck Shopping Center in Ferry Point. The center, anchored by Target and junior anchored by TJ Maxx, is slated to open in March 2014 and Read More

Lease Beat

LA Fitness to Open at Metro Center Atrium

Courtesy of Civilian News

LA Fitness, the popular Irvine, California-based health club chain, is set to open its new state-of-the-art fitness center in New York City.

The popular Irvine, Calfiornia-based health club chain will open a state-of-the-art facility in Simone Development’s Metro Center Atrium. The atrium is part of the larger 42-acre multi-building Hutchinson Metro Center in the Bronx. Read More