Aerial shot of the Arthur Kill Correctional Facility

New York State’s Empire State Development is looking to redevelop the recently shuttered Arthur Kill Correctional Facility on Staten Island, the Daily News reported.

As The Real Deal previously reported this past summer, Gov. Andrew Cuomo closed seven prisons across the state, two of which were in New York City, to accommodate his state budget. Arthur Kill, located at 2911 Arthur Kill Road in the Tottenville/Great Kills section of Staten Island, was a medium-security prison that closed in late 2011. [more]

Interiors at 155 Bay Street on Staten Island

A stalled 57-unit condominium project in Staten Island has relaunched under new owner Meadow Partners, Crain’s reported. Meadow Partners, the new owners of the Pointe, at 155 Bay Street, said that sales will officially launch in one week with the Marketing Directors, according to Crain’s. [more]

Kreisher Mansion, Massey Knakal's Michael Schneider and the five-acre estate

A landmarked Staten Island mansion that’s said to be haunted and the five-acre estate that surrounds it are on the market for a combined $11.6 million, the Staten Island Advance reported.

The Kreisher Mansion, at 4500 Arthur Kill Road in Charleston, was planned to be the cornerstone of a 124-unit, 55-plus community by developer Isaac Yamtovian, an Ohio-based businessman who has built more than 200 houses on the island. [more]

Max Gurvitch and his proposed development site (credit: Google Maps)

A developer’s plan to build 13 single-family homes in the Richmond section of Staten Island is meeting opposition from local residents, politicians and environmental advocates, the Staten Island Advance reported.

Brooklyn-based developer Max Gurvitch has proposed to build in the Special Natural Area Zoning District that includes valuable freshwater wetlands on a 6.8-acre lot bounded by Richmond and St. Andrew’s roads, Wilder Avenue and Mace Street. Gurvitch’s firm, Island Realty Associates, acknowledges that the site contains freshwater wetlands and areas adjacent to wetlands. [more]

New Jersey-based charity Kars 4 Kids lost almost as much money in failed real estate investments in 2010 as it actually spent on programs for children. According to NBC New York, the charity lost $2.5 million investing in an outlet mall project near Outerbridge Crossing on Staten Island and another $2.3 million related to a pair of failed condominiums in Jersey City called View I and View II. An additional $500,000 was lost on a real estate investment in Israel. [more]

The site on Arthur Kill Road

A big-box retailer has expressed interest in purchasing 57 acres of vacant land along Arthur Kill Road in the Charleston area of Staten Island., according to Robert Knakal, chairman of Massey Knakal Realty Services, which is marketing the site.

Knakal declined to specify the identity of the retailer but said the site’s size and its proximity to other large-scale shopping destinations, such as Target, Bed Bath & Beyond and Home Depot in the Bricktown Center, makes it a desirable prospective purchase. [more]

A real estate attorney who was charged with second-degree grand larceny, residential mortgage fraud and possession of a forged instrument for allegedly using several Brooklyn homes he did not own to secure a $225,000 mortgage in 2010, has now been accused of stealing a $75,000 down payment from a Staten Island woman who was selling her house. [more]

JDSA Companies' Tottenville office

A prominent commercial broker on Staten Island is suing his father and longtime business partner, alleging his old man took key documents and client records from their shared Tottenville office on New Year’s Eve to ease the launch of a new, separate brokerage business, the Staten Island Advance reported. [more]

From left: The animals include a coatimundi and a tamandua; guests include Kathleen O’Leary Garbarino, president of the Staten Island Board of Realtors, Laird Klein, committee chairman of the gala, and Georgianna Diaz, president elect of SIBOR

At the Staten Island Board of Realtors’ holiday party this evening, the borough’s top brokers may bump into some unexpected guests — a coatimundi, which is a member of the raccoon family, and a tamandua, a type of anteater.

This strange turn of events is the result of a partnership between the realtor board and the Staten Island Zoo, the board said, whereby proceeds from the gala will assist with the renovation of the children’s classroom at the local zoo.

“Despite a tough economy, Staten Island’s real estate professionals have continued throughout the year to support local causes in every way possible,” said Laird Klein, committee chairman of the Staten Island Board of Realtors’ Winter Wonderland Holiday Gala.
… [more]

Ironstate Development President David Barry and a rendering of the Homeport developmentThe city has sold the Staten Island development site that formerly housed a U.S. Naval Base to Ironstate Development for $11 million, the city’s Economic Development Corporation announced today.

New Jersey-based Ironstate will build a $150 million complex on the 7-acre waterfront site known as Homeport, in the Stapelton section of the borough. It will include 900 residential rental units, 30,000 square feet of retail, 600 parking spaces and a public plaza.

The city will also invest $32 million for infrastructure improvements to create a new waterfront esplanade in Homeport and Staten Island Borough President James Molinaro has set aside $1 million for improvements on the Staten Island Rail Road’s Stapleton station. – Adam Fusfeld… [more]