NEW YORK CITY-The Bronx has scored two major homeruns in the development game this morning, securing a deal for the borough’s first luxury hotel and a major loan for the city’s largest retail complex.

Simone Development, a Bronx-based investor/developer, unveiled it will construct a 370,000-square-foot mixed-use office/hotel/retail complex at its 42-acre Hutchinson Metro Center Campus in the Pelham Bay section of the borough. Further east, Manhattan-based Prestige Properties & Development has refinanced Bay Plaza Community Center, a 517,000-square-foot retail complex that is part of the 1.3 million-square-foot Bay Plaza Shopping Center, for $210 million based on a loan from MetLife.

The new Marriott at Metro Center Atrium, expected to open in 2014, will include 125 rooms and will operate under the Residence Inn flag. The atrium will also feature three floors of class A office and medical space, as well as retail and restaurant opportunities, according to Simone.