staten island commercial real estate: NYC Economic Development Corporation selects developer for Staten Island project
- 07/26/12 08:16 AM
The New York City Economic Development Corporation today announced that it has selected Guido Passarelli & Sons to develop a 10-acre retail site on Staten Island. The site, located in Staten Island’s Charleston neighborhood, has approximately 130,000 square feet of retail space, according to a statement from EDC. If the proposal successfully navigates the public approval process, Passarelli will pay $7.1 million for the site and spend an additional $25 million on construction, EDC said. Staten Island-based Passarelli, was selected after responding to a January 2011 Request for Proposal. The retail development is meant to “jumpstart” a larger, 58-acre project in Staten Island, at what has been called the … (1 comments)
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