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]