Home News NYC: Languishing Staten Island waterfront projects will be addressed in ‘coming months’

NYC: Languishing Staten Island waterfront projects will be addressed in ‘coming months’

by admin
0 comment

Staten Island, New York — Many failed economic development projects cover the Staten Island waterfront, and most point to one agency, the New York City Economic Development Corporation (EDC).

Over the years there have been EDC related projects such as the New York Wheel and its abandoned garage, Lighthouse Point. Pier 1, Decayed along the waterfront and surrounding communities.

Republican Mayor Vito Fossela and City Councilman Camilla Hanks (D-North Shore), both in their first year in office, are leading Staten Island voices in newer direction than anything offered so far. I am looking for

EDC president and CEO Andrew Kimball spoke briefly with Advance/SILive.com after an unrelated press conference in Manhattan on Thursday, saying his organization is working with two local legislators. and promote the waterfront project.

“Both elected officials are very important to us,” Kimball said. “We are working with them to evaluate all projects and expect to see some positive results from their engagement in the coming months.”

But recent developments regarding the focal point of failure have come under fire from Fossela, Hanks, and other Staten Island leaders.

Updated photo of Lighthouse Point, St. George. June 24, 2020 (Staten Island Advance/Jan Somma Hammer)

The Staten Island Borough Commission formally voted Wednesday night against extending the city’s 50-year land lease to property developer Triangle Equities on what would become Lighthouse Point.

The project, most associated with a 12-story tower at the intersection of Richmond Terrace and Bay Street, dates back to 2007, began construction in 2015, and opened in 2019. The original general contractor filed for bankruptcy.

Evan Petracca, Chief Operating Officer of Triangle Equities, said: told members of Community Board 1 on Oct. 6 After securing a new construction manager, the property’s lease was extended from 49 to 99 years.

City records show that the Small Business Services Bureau (SBS) is the site’s landlord, but an SBS spokesperson referred the inquiry to EDC.

A copy of the lease has not been released, but an EDC spokesperson said the original approval of the project did not restrict the terms of the lease, so the Borough Board need not be involved.

On a recent tour of the waterfrontLighthouse Point is one of several EDC projects Hanks points to as demonstrating EDC’s abuse of Staten Island, and its North Shore in particular.

“While we appreciate the sentiment President Kimball shared, this sentiment translates into decisive action taken to get results for communities that need and deserve waterfront access,” Hanks said Thursday. “I intend to hold EDC accountable for these results.”

In a virtual presentation to Petracca’s Community Board 1, Triangle needed a lease extension to secure funding and the first phase of the project, which includes a 12-story building for residential and commercial space, will run until 2024. said that it should be completed in

Conference attendees expressed support for the completion of the project, but doubted it would come to fruition.

Triangle’s original proposal included a hotel in a 12-story building, but it disappeared from the site’s latest vision. It wasn’t posted on the company’s website, nor was it listed in a slideshow presentation submitted to Community Board 1, and Petracca declined to respond at his Oct. 6 meeting.

“We currently have no plans to not offer hotels,” he told Community Board 1.

The second phase of Lighthouse Point will repurpose four historic buildings from the US Lighthouse Depot Complex into multi-purpose restaurants, offices and hospitality spaces. No estimated completion date on company website.

“All we see is a failure, and Staten Island is begging New York City to fix it,” attendees said at the Oct. 6 meeting.

Triangle Equities did not respond to an emailed request for comment by the time this article was published.

Borough Council

Nicola Ciclari, chairman of Community Board 1, shared his sentiments at the borough’s board meeting on Wednesday. He said on Friday that the board’s vote not to support the lease extension was a “positive” decision, and he hopes EDC can also secure funds to repair nearby Pier 1.

The ward boards, as defined in the City Charter, fall under the authority of each ward mayor, who chairs the ward board. City councilors and community committee chairs make up each of the remaining committees.

According to the city charter, elected officials can vote on all matters, but community board chairs can only vote on issues directly related to their district. According to the charter, borough commission votes are passed by a simple majority.

Fossella, along with Hanks and Siclari, voted against the lease extension, but the mayor said he hopes EDC will help the development along the waterfront succeed.

In late September, the mayor came up with the idea of ​​a casino For the former New York Wheel site. Hanks envisions a future water front with more open space, but the two band together for something different.

“We would love to see more positive projects for the North Shore, especially for the waterfront, which offers some of the best views in the world,” said Fossela. “We are committed to working with anyone who shares our goals and vision. Given EDC’s vast portfolio, he will play an important role in this process.”

On Friday, Community Committee 3 Chair Frank Morano expressed support for Community Committee 1’s position, while Community Committee 2 Chair Robert Correggio said he abstained on the issue because it was not well known. I was.

City Councilman David Carr (R-Mid-Island)’s office did not respond to a request for comment by the time of publication, and City Councilman Joe Borelli (R-South Shore) voted against the resolution against the lease extension. I was.

“I don’t [want to] Setting a new pattern where developers can claim bankruptcy and renegotiate new and more lucrative deals at the expense of the community.

An EDC spokesperson said despite official opposition from the Borough Board, EDC’s deal with Triangle Equity is unlikely to have a significant impact on the project as it has the option to purchase properties from the city. That’s what I mean.

EDC is not a city agency. It is a non-profit organization primarily under the control of the mayor. You never know what’s in store for Staten Island and its North Shore waterfront.

You may also like