Developer has faith in Staten Island

April 24, 2008 11:59AM

Developer Leib Puretz is building seven projects in Staten Island’s St. George, near the ferry terminal, that will bring 600 condos and retail space to the area. Puretz’ 57-unit condo the Pointe, though priced around $500 per square foot, has sold only about a third of its apartments since hitting the market last year. Despite slow sales now, Puretz and his Staten Island-based brokerage, Casandra Properties, remain bullish on the area in the long-term.

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