Staten Island's St. George waterfront has seen a significant transformation with the completion of the initial phase of the ambitious Lighthouse Point project. As reported by New York State website, Governor Kathy Hochul recently commemorated this milestone, emphasizing the development's mix of housing and commercial spaces tailored to enable economic opportunities for the local community. The project, executed by Triangle Equities, introduces 115 residential units and 60,000 square feet of commercial space, supplemented by 274 parking slots, all supported by a state investment of $16.5 million through Empire State Development.
Cementing its relevance, Governor Hochul remarked, "This development exemplifies our commitment to creating housing opportunities that work for all New Yorkers — from market-rate homes to affordable units for working families — while honoring our state's rich maritime heritage." The historic significance of the site, once a pivotal U.S. Lighthouse Service General Depot, has been retained even as it steps into a new role as a walkable, transit-oriented community. Despite the push for progress, the development team has paid homage to the site's maritime past, by integrating the historic wall along Bay Street into the new buildings, as per the New York State website.
The push for a forward-thinking blend of residential and commercial usage is expected to result in approximately 100 permanent jobs. An impressive count of over 1,200 construction positions were filled over the course of the building phase. A stone's throw from the St. George Ferry Terminal, Lighthouse Point positions residents for a convenient commute to Manhattan, bolstering the wider revitalization efforts targeting Staten Island's North Shore. Residential options range from sleek studio apartments to spacious two-bedroom layouts, each equipped with modern amenities.
According to Empire State Development President, CEO and Commissioner Hope Knight, "Empire State Development's $16.5 million investment in Lighthouse Point represents exactly the kind of partnership that delivers transformative results for New York communities." The building amenities such as a harbor-view terrace, a modern fitness center, and a rooftop lounge capitalize on the picturesque New York Harbor views. The commercial segment is set to host the College of Staten Island Tech Incubator, The Learning Experience childcare center, and Club Pilates along with more retail opportunities to be disclosed, as noted by the New York State.
Underscoring the project's regional impact, Assemblymember Charles Fall stated, "This project reclaims the shoreline for the community — creating new housing opportunities, reconnecting residents to the harbor, and building space for families, workers, and entrepreneurs to thrive." The NYCREDC envisions Lighthouse Point as a catalyst for an economic makeover that will profit residents and businesses for many years to come. Triangle Equities President and CEO Lester Petracca shared his pride in bringing the project to life with the support of partners such as ESD and NYCEDC, signaling a fresh era of growth for Staten Island's North Shore, as per the New York State.
.jpg){kind=link}