Triangle Equities is doubling down on its bet that Staten Island can become the next upscale market in the five boroughs. The developer announced Monday that it has partnered with Starwood Hotels & Resorts to build a 175-room hotel under the Westin Brand at its Lighthouse Point development project on the St. George Waterfront.
The $100 million Westin New York Staten Island is slated to open in mid 2019, and will have more than 20,000 square feet of banquet and meeting space, the Wall Street Journal reported. The “business-friendly upper-upscale hotel” will feature a rooftop pool, sky bar and a spa and fitness center. The architect behind the hotel is Perkins Eastmen, and the interior designer will be Andrew Escobar.
Triangle [TRDataCustom] expects the hotel will value add to the site’s major tenant, Regus, which is taking nearly half of the project’s 65,000 square feet of office and and retail space.
The $231 million Lighthouse Point project is a multi-phased development, which will bring around 400,000 square feet of shops, restaurants, offices and apartments to Staten Island’s north shore. It also includes the rehabilitation of four buildings that were once part of the historic U.S Lighthouse Depot Complex. The first phase of Lighthouse Point will include a 13-story, 116-unit residential tower; a 59,700-square-foot commercial building; a 274-space underground parking garage; and a one-acre Public Plaza.
City officials hope the development project, along with along with the New York Wheel and Empire Outlets, will revitalize the waterfront. [WSJ] — Miriam Hall