A long-neglected, 35-acre property in the Stapleton neighborhood of Staten Island, which once housed a home port for the U.S. Navy, is poised for development after getting the go-ahead on a plan for the city-owned site.
Greg Russo, a senior vice president of the New Jersey-based Ironstate Development Co., said his company is investing $150 million at the site. Initially, it will initially build two building with between 800 and 900 four-and-five-story rental units in each. Estimated monthly rents will range from $1,100 for a studio to $2,000 for two bedrooms.
Read more about the new project Ironstate Development is working on in Staten Island.
IRONSTATE DEVELOPMENT 