Hollister Construction Services has been engaged by Triangle Equities, a New York-based developer, to build Lighthouse Point, a mixed-use, transit-oriented development project located on Staten Island’s St. George Waterfront.
The company is preparing to break ground on the project later this year.
Lighthouse Point will create a gateway to and from Staten Island: a transit-oriented, residential, retail and hospitality destination making direct connections to the Staten Island Ferry parking and pedestrian systems.
The $200 million, public-private project is intended as a catalyst to reestablish St. George’s place in history through the restoration and stimulation of the currently vacant U.S. Lighthouse Depot Complex, a federally registered National Historic Site.
Such a large public-private project has required years of work and co-ordination just to get to this stage.
“We are thrilled for the entire project team, especially Lester Petracca and his team at Triangle Equities, as we know how hard they have worked to get the project shovel ready,” said Brendan Murray, vice president, with Hollister Construction Services.
“We have worked very closely with the developer for the past few months as we finalize the logistics and purchasing process, and are now prepared to break ground.”
Murray will serve as the executive for Hollister, with Vincent Solano, vice president, leading preconstruction efforts. The architects for the mixed-use project are Cooper Carry in conjunction with Garrison Architects.
“We have seen first-hand the positive impact that developments like Lighthouse Point can have on communities,” said Chris Johnson, CEO & founder Hollister. “We are excited about the changes this project will bring to the district of St. George, and Staten Island as a whole.”
Lighthouse Point was designed to create a charming harbor town destination atmosphere and restore the sense of historic grandeur to this waterfront site.
Anchoring the development will be 65,000 s/f of retail and office space on the corner of Bay Street and Borough Place, providing a mixture of unique, boutique retail, a fresh food supermarket, restaurants, outdoor eating, and entertainment space.
A residential tower with approximately 116 rental apartments, 20 percent of which will be affordable housing units, will be built directly above the retail building. In addition, a 300-car parking garage will be built into the hillside, providing ample parking to residents and visitors.
Phase II of the project will happen along the waterfront esplanade — the four historic buildings of the U.S. Lighthouse Depot Complex will be rehabilitated, retaining their historic charm while also incorporating the structures for modern uses.
The repurposed buildings will house more than 23,000 square feet of restaurant, office and hospitality space, and link to a new 145,000 s/f, 180-room hotel tower with up to 15,000 s/f of event space.