The $1.2 billion of investment planned for the North Shore—the New York Wheel, BFC Partners’ Empire Outlets, Triangle Equities’ Lighthouse Point, Ironstate Development’s Urby, and the Stapleton Waterfront projects—may comprise the largest commercial waterfront development in the City’s history.These developments will affect approximately 25 acres of waterfront land and create 2,200 residential units, 500,000 square feet of retail and office space—bringing approximately 5,000 new residents and countless more tourists to the area.
In St. George alone, there is a projected 25% increase in residential population within two decades, plus millions of annual visitors and shoppers—all in addition to the 22 million who take the ferry today. And more development is being planned – the City’s Bay Street Corridor rezoning could potentially lead to another 2,500 residential units.
This significant change brings both major opportunities and challenges. (See the timeline of construction, which we will update in future issues). From the City’s perspective, there is a need on Staten Island for more jobs, lower commuting times, and a more resilient waterfront, combined with the opportunity of available land for growth. Members of the cultural community feel strongly that the North Shore should not be looked upon as a “blank slate,”and that development should build upon the unique mix of people, culture, and amenities that already exist. Our Future Culture recommendations aim to find synergies between these perspectives for the long-term benefit of the area’s communities.
Grand opening is set for November 2017
New York Wheel:
Target Opening Date early 2018
Phase I: 2018
Phase II: Fall 2019
Stapleton Waterfront Park:
Final Design of Full Park: 2017
Phase II Construction: 2018
Phase III Construction: 2020
Stapleton Waterfront Development
Phase I a. Urby: completed 2016
Phase I b. Urby: completion Spring/Summer 2017
Phase II: Developer Request for Proposals (RFP): 2017-18
Phase III: Developer RFP: TBD
Click here to read more in the first edition of our Future Culture Newspaper. Stay tuned for the next edition.