The Real Deal New York

Is Staten Island the next Brooklyn?

David Barry hopes cheaper prices, state-of-the-art amenities will draw younger crowd
April 24, 2014 05:25PM

With young people increasingly priced out of Manhattan and pushed to the outer boroughs, New Jersey-based Ironstate Development hopes to cash in with its $150 million Urban Ready Living project slated for the North Shore of Staten Island.

Ironstate co-president David Barry told Fast Company that the project, which is set to open in fall 2015, aims to attract millennials that have long skipped Staten Island for hipper locales like Brooklyn. Though pricing has yet to be finalized, Barry told the magazine that the first 571 units will be affordable, with 400-square-foot studios starting at around $1,600 per month, 550-square-foot one bedrooms at $2,000 per month and 7,000-square-foot two-bedrooms at $2,400 per month.

Beyond pricing, Barry said that the waterfront development will offer state-of-the-art amenities most Manhattan rentals fail to provide. Plans for an outdoor pool, shared work space and keyless iPhone entry, as well as an Airbnb system that will check in guests, are among the mixed-used development’s perks. [Fast Company]Kerry Barger

  • noclist

    Might as well live in Jersey if you have to go to SI.

    • Phillie Em

      Property taxes are far higher in nearly every NJ township.

  • Crian Bashman

    Exactly, I think Jersey City has a much better chance at being the “next Brooklyn”, but honestly I don’t think there will be a next.

    • Matt

      There are so many things wrong with this project I don’t know where to begin. Staten Island is cursed with poor geography that makes it difficult (and expensive) to get everywhere else you’re likely to want to go (to meet friends, do cultural things, shop, work, etc.). The only way to fill this project is by charging cheap rents across the board, on all units. And an outdoor pool is a waste of money and of space in a climate where you can only comfortably swim outdoors 4 months a year.

    • Jersey City is no longer posed to be the next Brooklyn. A better analog is Long Island City with a mix of high rise and historic buildings, vacant land easily built on, and tighter ties to the respective suburban communities linked by commuter rail.

  • ts

    There are a lot of great places in Brooklyn and Queens on direct subway rides to prime Manhattan employment areas that can be developed before SI becomes remotely relevant as an alternative. What are rents currently in SI in the most desirable neighborhoods? They can’t be anywhere near $45/sf. It should be priced to be competitive with SI product, not relative to prime BK.

  • Bronx guy

    The bronx will be the next brooklyn. After east Harlem.

  • mk

    Um, no no and no. Staten Island – where you have the benefit of paying city taxes with none of the convenience. These guys have done loads of good projects, but this one’s just nonsensical. There are more better current and future alternatives than I can count for the folks priced out of BK and NYC. LIC, Astoria, JC, Hoboken, Weehawken, even Sunnyside, Flushing or Forest Hills. If I wanted to live in a suburb, I’d live in one with good schools.

  • Glenn Krasner

    Jersey City was hipper way before Brooklyn. Jersey City was the next Hoboken, and the next Jersey City is Newark. Where the next Brooklyn is, is anyone’s guess, but this project in Staten Island might have legs. Glenn in the Bronx, NY.

  • $1600 studio fir millenials. yea, THAT’S just PERFECT. good luck with that

  • Staten Island has no night life for the crowd they are trying to attend. Who was the genius behind this project? You want to attact young working people? create a nightlife, ala, Williamsburgh, greenpoint, and downtown Brooklyn.

  • jennylingpo

    No one is paying for rents like that on Staten Island, no one. This entire development will end up being Section 8 apartments. There are no services or amenities in Stapleton and mass transit still takes you an hour or more just to get to South Ferry in Manhattan.

  • Kris

    I’ll take the “7,000” square foot apartment for $2,400 per month please. In fact i’ll take two…

  • jon

    NEVER WILL HAPPEN…just look at the people that live on Staten Island and why would or does anyone live there? Transportation, services, night life does not exist and one needs to use a car. Also, why does everyone happen to smoke there…seriously?
    Tourist even hate to go there… they just stay on the ferry roundtrip.
    It’s a still a dump even though it’s gone LOL and this forgotten borough has so many problems and they will never be solved plus its Republican.
    BRONX yes has the potential to be the next Brooklyn…just watch!

  • LSimone

    “with 400-square-foot studios starting at around $1,600 per month, 550-square-foot one bedrooms at $2,000 per month and 7,000-square-foot two-bedrooms at $2,400 per month.” No one is paying that on SI… I live in a studio in SI 5 minutes walking distance to the ferry and pay half that! Just another day of pushing out the mid-low class smh