Our CEO, James Prendamano, recently had the opportunity to speak with Nicholas Rizzi from the Commercial Observer in reference to the rezoning of Bay Street. The City Planning Commission has approved the rezoning after nearly five years of planning.
The rezoning that covers a 14-block portion of Bay Street will add an estimated 1,800 new apartments and 6,500 residents. James was quoted saying, “It will bring much needed additional development and this gives some of our best and brightest and youngest minds the opportunity to stay.”
In addition to the residential apartments roughly 275,000 square feet of office, retail and restaurant space will be added to the area. Casandra Properties, Inc. has been intimately involved in the transformation of the North Shore of Staten Island. We’ve worked on a multitude of projects such as URBY, Empire Outlets, The Accolades and The View.