NEW YORK | 5 Bay St (Lighthouse Point) | 174 FT + FT | 16 + 12 FLOORS

SI North Shore Pier Set to Transform into Residential, Commercial Hot Spot

By: Amanda Farinacci
Updated 06/16/2014 04:28 PM

It’s a three acre site at the foot of the St. George Ferry terminal—and it’s the final piece of the revitalization planned for Staten Island’s North Shore.

After a series of stops and starts, developer Triangle Equities is set to transform this historic but abandoned pier into a residential and retail space with breathtaking views of the water.

“We just saw this as a tremendous opportunity,” says Lester Petracca of Triangle Equities.

The site—to be called Lighthouse Point—is now owned by the Department of Transportation, and will be leased by Triangle Equities for the next 50 years.

Years ago, parts for lighthouses were built in the old Coast Guard buildings here.

Many of those old buildings have since been landmarked, presenting a challenge for developers to work the historic structures into their design.

Plans include a 12-story apartment complex, 80-thousand square feet of retail space, and a 160-room boutique hotel.

“We plan on using one of the buildings as the lobby to the hotel and we foresee artisan-type shops down here on the esplanade; they’ll be restaurants, and a courtyard,” Petracca says.

Developers are in talks with more than one dinner theater, which would offer movie-goers a chance to eat a full meal while watching a movie.

The city will help build a parking lot at the site, and plans are in the works to provide programming for the pier, like outdoor concerts, or a farmers market.

The project will create about 670 construction jobs and some 375 permanent jobs when it’s complete.

Similar to planned waterfront development at the nearby Stapleton Homeport and the New York Wheel and Empire Outlet Mall, Lighthouse Point hopes to attract and keep tourists on Staten Island.

“We’re looking to give them a reason to stay. We believe the wheel is going to do that, the outlet mall’s gonna do that and we believe our site will do it as well,” Petracca says.

The project will be built in three phases, with work on the retail space to begin first.

Developers are hoping that construction will begin this winter.

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Construction Imminent: Lighthouse Point

BY: STEPHEN SMITH ON JULY 29TH 2014 AT 6:30 AM


Lighthouse Point, rendering via Triangle Equities

Staten Island is better known for its single-family homes and driveways than multifamily dwellings, but pretty soon, a new apartment tower will rise. This fall, Lighthouse Point on the North Shore, a stone’s throw away from the Staten Island Ferry Terminal, will break ground. The project is one of three planned for St. George, and coordinated by the city’s Economic Development Corporation, along with the Empire Outlets mall and the New York Wheel.

The centerpiece of the $200 million Lighthouse Point will be a 12-story tower with 100 apartments, 20 of which will be let at below-market rates. It will also include 85,000 square feet of retail and a hotel with more than 160 rooms, among other things.


Retail at Lighthouse Point, rendering via Triangle Equities

For a century starting in 1863, the land was home to the U.S. Lighthouse Service Depot, with the EDC describing the site as “the center of lighthouse operations for the United States.” It then fell into disuse until being transferred to the city in 1984. The EDC finally chose a developer in 2006, and also plans for an adjacent historic building to house the National Lighthouse Museum.

The Lighthouse Point project will be developed by Triangle Equities, which describes itself in a press release as “specializ[ing] in city projects, earning an excellent reputation for working together with government agencies and skillfully navigating the most demanding public approval processes.” Their other New York City projects include malls in Flatbush and College Point, plus a number of suburban-style office complexes housing government agencies, sprinkled throughout the outer outer boroughs and beyond.

Looking at the bigger picture, the EDC’s three projects should just be the start for St. George. If Staten Island is to ever become a truly urban and integral part of the city, the Department of City Planning will have to zone for denser development across the North Shore (and beyond), and not limit construction activity to sites requiring top-down planning.

Despite the shortcomings of new development in St. George, Lighthouse Point will be a welcome infusion of bodies and economic activity for Staten Island’s North Shore, while also adding a relatively tall (and attractive) building to New York City’s most suburban borough.

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Westin will have a hotel at Lighthouse Point.

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from August

to be restored:

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above the stern (to keep you on your toes with nautical lingo)


HMS Queen Elizabeth In NY Harbor by lazzo51, on Flickr

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some good news out of the forgotten borough.

With 80 percent of the work complete on phase one of the project – started in 2016 – leasing of the 115-unit apartment complex, located directly across from the Staten Island Ferry entrance, will begin at the end of 2019, said a spokeswoman for Triangle Equities, the project’s developer.

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