UPDATED, 2:08 p.m., Jan. 13: Muss Development is putting a long-vacant, 22-acre residential development site on the South Shore of Staten Island on the market, The Real Deal has learned.
The Forest Hills, Queens-based developer led by Jason Muss has owned the six contiguous parcels on Seguine Point – at the intersection of Purdy Place and Seguine Avenue in the borough’s Prince’s Bay neighborhood – for about 40 years, said HFF’s Rob Hinckley, who is marketing the site along with his colleague Kevin O’Hearn. The site offers 1,900 feet of shorefront along Raritan Bay, and Hinckley said that he is expecting offers in the $30 million range.
The site has already received city approvals in 2010 for a total of 132 residences, including 104 detached single-family homes and 28 townhouses, Hinckley said. The total buildable square footage is roughly 450,000 square feet, he added.
The S.S. White Dental Manufacturing Company plant occupied the land for years until it shuttered in 1972. Muss demolished the buildings in 1986 after a fire destroyed many of the vacant structures, according to the Staten Island Advance.
The developer sought to build a housing community called Prince’s Point, but the discovery of polychlorinated biphenyl, or PCBs, in the soil and groundwater led the project to be delayed for decades, according to news reports.