Triangle Equities filed permits for its long-stalled Lighthouse Point project on Staten Island on Friday.
The developer is looking to build a 16-story, 145,000-square-foot, mixed-use tower at 35A Bay Street in the St. George neighborhood. It will feature 116 apartments and 47,207 square feet of commercial space, including three stories of retail. Aptsandlofts will be marketing the market-rate units.Cooper Carry is the architect of record.
The permits were filed on behalf of the New York City Economic Development Corporation, presumably because the project is being built on public land. NYCEDC chose Triangle to develop the three-acre site in 2006, but the 2008 market crash scuttled those plans. The $200 million waterfront development will be one of several large-scale construction projects near the St. George ferry terminal, along with the New York Wheel and Empire Outlets.
“This particular project on Staten island is very exciting for us because it’s a mixed-use development and it’s a very unique location,” Elysa Goldman, Triangle’s director of development, told The Real Deal. “There’s a lot of opportunity here, we think it’s been overlooked.”