Earlier this year, after a decade of delays, Triangle Equities received $16.5 million in state subsidies for their three-acre mixed-use development on Staten Island known as Lighthouse Point. They also partnered with real estate investment fund Lubert Adler LLP to secure another large sum of private financing, before breaking ground last month. With construction underway, Yimby uncovered new renderings that show the residential, retail, and commercial components of the $200 million development. As 6sqft previously reported, “Along with the New York Wheel, Empire Outlets, and New Stapleton Waterfront, Lighthouse Point is a key element of NYCEDC’s ongoing efforts to transform the St. George waterfront into a vibrant community.”
St. George Waterfront Redevelopment Project
You won’t find any Staten Island jokes or snarky references to secession here. No, we’re celebrating the borough that so easily gets forgotten amid the shiny new towers of Manhattan and trendy culture waves of Brooklyn. But just because it might not make daily headlines, doesn’t mean that Staten Island isn’t in the middle of some pretty amazing developments. From the Staten Island Ferris Wheel to the borough becoming the next great tech hub, we’ve rounded up the cultural, economic, and architectural projects that are going to make you want to board the Staten Island Ferry in pursuit of your new home.