Brookfield Property Partners is looking to go big on Staten Island.
The global real estate firm is proposing an expansion and update of its Staten Island Mall, according to an application filed with the Department of City Planning reported by Crain’s.
Brookfield applied for a rezoning from the city to construct over 41,000 square feet of additional retail space. The application was filed with the Department of City Planning on behalf of Brookfield by Deirdre Carson, a land-use attorney with Greenberg Traurig.
Brookfield is proposing to add several one-story retail buildings, ranging from 2,000 to 8,000 square feet. If approved, the project is slated to be completed by 2030, and new stores would join retailers like Sephora, Hobby Lobby and Apple.
The proposed expansion would build on a more than 4 million-square-foot site, which has been in use as a parking lot. The project would erase over 200 available parking spaces, which Brookfield acknowledged by noting a parking study from 2022’s holiday season that found approximately half of the spaces went unused during peak shopping times.
The site is bordered by Richmond Hill Road to the north, Marsh Avenue and Staten Island Mall Road to the east, Platinum Avenue to the south and Richmond Avenue to the west.
Paul Madden, the senior director for design with Brookfield Property Partners listed on the application, declined Crain’s request for comment. The cost of the construction has also not been made available.
Read more
Commercial
Tri-State
Debt problems surface at crop of Brookfield malls
Commercial
New York
Hobby Lobby lands 42K sf in Staten Island
Commercial
New York
Brookfield’s Staten Island Mall anchor tenant, Sears, is closing up shop
If approved, construction would proceed alongside other projects at the site, including a 75,000-square-foot expansion of the mall’s Macy’s slated for within the next five years, along with an additional parking garage that will add over 500 parking spaces. Brookfield does not own that portion of the mall, and construction on the projects are not expected to conflict.
The site is a small part of Brookfield’s massive global real estate portfolio. The firm holds over 1,100 properties across more than 300 million square feet. More than 40 million square feet are currently under development, according to the firm’s website.
— Caroline Handel