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]

From the June issue: While almost all developers in the city are
feeling the impact of the recession, Staten Island developers — even
one of the largest in the borough — have seen construction come to a
virtual standstill. “You don’t want to say it’s come to a halt
island-wide, but it’s as close to a halt as it can get,” said James
Prendamano, a broker with Casandra Properties, a firm that represents
high-profile developers and projects on Staten Island. Take St. George,
which was on the short list of potentially up-and-coming neighborhoods
because of its proximity to the Staten Island Ferry. A quick ride to
Lower Manhattan made it inviting to luxury condo developers when the
market was hot. [more]