With young people increasingly priced out of Manhattan and pushed to the outer boroughs, New Jersey-based Ironstate Development hopes to cash in with its $150 million Urban Ready Living project slated for the North Shore of Staten Island.
Ironstate co-president David Barry told Fast Company that the project, which is set to open in fall 2015, aims to attract millennials that have long skipped Staten Island for hipper locales like Brooklyn. Though pricing has yet to be finalized, Barry told the magazine that the first 571 units will be affordable, with 400-square-foot studios starting at around $1,600 per month, 550-square-foot one bedrooms at $2,000 per month and 7,000-square-foot two-bedrooms at $2,400 per month.
Beyond pricing, Barry said that the waterfront development will offer state-of-the-art amenities most Manhattan rentals fail to provide. Plans for an outdoor pool, shared work space and keyless iPhone entry, as well as an Airbnb system that will check in guests, are among the mixed-used development’s perks. [Fast Company] –Kerry Barger