Staten Island Real Estate News

By Brian McGowan:

If you are looking for New York City’s hot new district, check out Downtown Staten Island which includes the North Shore waterfront. Exciting new projects are springing up all along the Bay Street/Richmond Terrace corridor, attracting investors who recognize the area’s potential.

The New York Wheel, Empire Outlets, Lighthouse Point and URBY are joining The Rail, Downtown Plaza, The View and The Accolades along the corridor. All are served by public transportation and all are just minutes away from the St. George Ferry making the area a desirable place to live for both twenty-somethings and seniors who want restaurants, shops and amenities within walking distance. Read more here.

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The North Shore of Staten Island is certainly experiencing a renaissance thanks to the commitment of private developers and the support from elected officials and the community. While much of the attention is being focused on the big four projects: URBY, Empire Outlets, The New York Wheel and Lighthouse Point, smaller projects are providing people, young and old, with the opportunity to rent apartments within walking distance of these exciting projects. Local developers like George Christo have been quietly investing in the North Shore for years, lovingly turning worn out buildings into chic apartments while preserving their historic character. Their investment into the North Shore is attracting noted restaurateurs who want to have their roots

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An Op Ed written by: Winston Fisher, Stuart Appelbaum, Carol Conslato, Steve Hindy, Ken Knuckles and Kathryn Wylde that appeared in Crain’s New York Business states that, “Greg David’s column “Why enormous subsidies for a Staten Island mall?” reflects a misunderstanding of how and why public funds were allocated by the state and city to the Empire Outlets project.”

The Op Ed provides insight into why members of the New York City Regional Economic Development Council gave their support to the project in 2013, reminding the reader that in 2013 Staten Island was struggling to recover from the destruction caused by Super Storm Sandy and following the storm, waterfront projects along the coastline which were designed to provide economic development

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by James Prendamano

As Managing Director for Casandra Properties, I have spent the last twenty years successfully matching national brands with available retail space on Staten Island. The work is rewarding because it allows me to brag about my hometown to retail leasing agents who have little or no understanding of Staten Island’s spending power. I also gain the satisfaction of knowing that the work I do provides our borough with amenities that enhance both our quality of life and our property value.

When I look back on the thousands of hours I have spent negotiating retail leases, the common thread and most difficult hurdle to overcome has been the negative opinion retail leasing agents had about Staten Island. Unfortunately, most of their

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by James Prendamano

As Managing Director for Casandra Properties, I have spent the last twenty years successfully matching national brands with available retail space on Staten Island. The work is rewarding because it allows me to brag about my hometown to retail leasing agents who have little or no understanding of Staten Island’s spending power. I also gain the satisfaction of knowing that the work I do provides our borough with amenities that enhance both our quality of life and our property value.

When I look back on the thousands of hours I have spent negotiating retail leases, the common thread and most difficult hurdle to overcome has been the negative opinion retail leasing agents had about Staten Island. Unfortunately, most of their

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Ranked by ZAGAT as: One of the hottest concepts in New York City; New York City’s “Best for Ribs”; New York City’s “Best for Pulled Pork”, this dynamic BBQ restaurant also has locations in Texas and the Carolinas.

Mighty Quinn will occupy 2,575 square feet on the top floor of Empire Outlets overlooking the Manhattan skyline. “We look forward to becoming a part of this unique project and bringing our style of barbecue to Empire Outlets,” said Micha Magid, co-founder of Mighty Quinn’s Barbecue. Read more here.

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As reported by the Commercial Observer, Staten Island Advance and Women’s Wear Daily, this large scale jewelry exchange has leased 3,817 square feet on the second floor open corridor, inside Empire Outlet. The store will have panoramic views of the New York City skyline. James Prendamano, managing director for Casandra Properties, leasing agent for Empire Outlets, negotiated the agreement . In his remarks he pointed out that Staten Island has the highest median family income in New York City and that Staten Islanders generate $1.2 billion in unmet demand annually. He is confident that both Staten Islanders and off island shoppers will frequent the exchange for their jewelry purchases.

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Riverside Galleria Staten Island

Riverside Galleria, a new luxury waterfront retail center, will be located on the south shore of Staten Island, just below the Outerbridge Crossing. This nearly 500 thousand square foot shopping center will be home to a new dine-in movie theater operated by local businessmen Greg and Jessie Scarola who currently run The Atrium in Eltingville.

James Prendamano, Managing Director of Casandra

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Staten Island Realtors, Casandra Properties will showcase Empire Outlets and Riverside Galleria during International Retail Property Market – MAPIC – being held in Cannes, France from November 18th through the 20th. They will join Thor Equities, Vornado Realty Trust, Simon Property, Kimco, Related Companies, RFR Realty, SL Green and Archaio as part of the show’s US Country of Honour Program.

MAPIC is an annual retail show organized by Reed MIDEM. This year the show will be attended by more than 8,500 retailers from around the world. Casandra Properties is attending the show in order to attract attention to both Empire Outlets on Staten Island’s North Shore and Riverside Galleria on the South Shore.

Said James Prendamano, Managing Director for

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