Staten Island’s Record Commercial Real Estate Sale Completed by Brian McGowan of Casandra Properties

1 Edgewater Plaza, home to North Shore LIJ/Staten Island University Hospital, the New York City Police Department, the city Board of Elections and Community Board 1 was sold to Steven Wu for a record $21.5 million.

LNR Property sold the 268,000 square foot building which sits on a 796,000 square foot lot adjacent to other notable projects such as Ironstate Development’s “Urban Ready Life” project at Navy Pier, a mixed use residential complex comprised of 875 units and 35,000 square feet of retail geared toward young professionals that is expected to open next year which is also represented by Casandra Properties.

“We are pleased to have…

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Jersey Street Sanitation Garage Finally Moving

After Mayor DeBlasio announced that he included funding for the construction of a new District 1 Sanitation Garage at the Fresh Kills Landfill, the Staten Island Advance took a look at their archives to determine how discussions about moving the garage has progressed through the years.

It began in 1990s when residents of Castleton Avenue, Brook and Jersey Streets began complaining about the smell on hot days and began wondering if the refuse that was causing the smell could be toxic. They asked the city to move the garage out of a residential neighborhood.

Later on community activists called for the garage to be moved to the Teleport area which had been pegged as the future home of clean industry.…

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Empire Outlets New York City

BFC Partners will attend the 2015 International Council of Shopping Centers (ICSC) RECON conference to promote and recruit luxury brands for Empire Outlets. Joseph Ferrara, principal at BFC Partners, hopes to attract retailers that currently do not have a presence in New York at all. With Empire Outlets promised to be a hot spot for tourists and locals, Mr. Ferrara is confident that retailers will…

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900 units of upscale rental housing is quickly rising along Front Street in Stapleton, changing the way the waterfront looks and opening the door to new business opportunities to support thousands of new residents.

Currently the streets along the Stapleton waterfront include businesses such as a can-and-bottle redemption center; auto-body and collision shops; a lighting supply company; a car wash, and Acme Industrial which has been on Front Street since 1979. There’s also a building at 370 Front Street with a sign advertising a Hall for Rent and the Ocean Yacht Club Inc. 50/50 Skatepark is also located on Front Street.

A few For Sale signs on Front Street buildings signal that the area is preparing to undergo change as entrepreneurs hoping to…

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