Developer Steven Wu has bought a 268,000-square-foot office building on Staten Island for a record-breaking $21.5 million.
The sale is one of the most expensive in the borough’s history, DNAinfo reported. Wu is also developing Queens Pointe as well as several other projects across New York City.
Wu Bought One Edgewater Plaza, the website reported, where a New York Police Department precinct, Community Board 1 and the Board of Elections are currently located. Cassandra Properties brokered the transaction, according to the website.
Wu is planning to keep the property as an office building.
“We feel secure that our investment in the borough is sound,” Wu said in a statement cited by DNA.