The Real Deal New York

Triangle Equities signs lease for 3-acre Lighthouse Point project

Developer aims to break ground on rentals, hotel and retail in the fall

May 01, 2014 08:30AM

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lighthouse

Lighthouse Point rendering

Triangle Equities inked a lease with the city Monday for an empty three-acre pier in Staten Island’s St. George neighborhood on which it plans to build a $200 million hotel-and-rentals site known as Lighthouse Point.

The developer aims to break ground in the fall and wrap construction by 2019. The megaproject is set to hold a hotel, 100 rental units, a shared workspace, restaurants and shops. The apartments will be housed in a 12-story structure; 20 of them will be affordable housing.

The city’s Economic Development Corporation has owned the site since 1984, when the Coast Guard relocated. From 1863 to 1966, the U.S. Lighthouse Service Department occupied the land. [DNAinfo]Mark Maurer

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