NEW YORK—Part of the long abandoned waterfront land on Staten Island’s North Shore will soon be home to a $150 million housing development.
Mayor Michael Bloomberg and Ironstate Development President David Barry broke ground on the New Stapleton Development Plan on June 20, 2013. New Stapleton will have 570 housing units and 25,000 square feet of retail space when its first phase is completed in 2015.
“This development is designed to be particularly attractive to young Staten Islanders just starting their careers,” said Bloomberg. “Staten Island hasn’t had the kind of facilities for these young kids. If they had housing, I think an awful lot of them would stay here.”
The waterfront land on the site of the New Stapleton development has been derelict since the Navy decommissioned its Homeport base 20 years ago. The waterfront has expansive views of the New York City skyline.
New Stapleton is part of Bloomberg’s larger vision for the North Shore. The administration has already proposed plans for the world’s largest Ferris wheel, a hotel, and a high-end retail mall next to the St. George ferry terminal nearby. Development on the Lighthouse Pointe project, also in St. George, could start as early as the fall of 2013, following the completion of the public land use review process.
The city estimates a combined $1 billion in private funds going towards development projects on the north shore.