Tag Archives: staten island real estate

URL®Staten Island housing complex to open in December

Tracey Porpora at The Staten Island Advance reports on the December opening of Ironstate Development Company‘s URL®Staten Island.

Renderings of URL, a new rental complex on Staten Island

Renderings of URL, a new rental complex on Staten Island

URL®Staten Island, the 900-unit housing complex being built at the former Stapleton homeport, is expected to welcome its first residents on Dec. 1.

URL (Urban Ready Life)®Staten Island — being built by the Hoboken-N.J.-based Ironstate Development Company — is a $150 million project to construct 900 rental units in two five story buildings with 35,000 square feet of ground floor retail, 600 parking spaces and a public plaza at the former U.S. Navy homeport.

“This will be a really different type of residential living for Staten Island. I think it’s going to be a credit to the North Shore community. I think it’s taking an underutilized waterfront area and providing really meaningful public access and programming in the form of restaurateurs,” said David Barry, president of Ironstate Development Company, whose portfolio of projects includes Pier Village in Long Branch, N.J.

URL®Staten Island will be the first of several waterfront projects — including the N.Y. WheelEmpire Outlets and Lighthouse Point in St. George — to take shape on the North Shore.

READ THE FULL STORY AT SILIVE.COM

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Explore Staten Island’s Rapidly Changing North Shore

Renderings of URL, a new rental complex for young people on Staten Island

Renderings of URL, a new rental complex for young people on Staten Island

Curbed.com reports on new development on Staten Island’s North Shore. The article features Ironstate Development Company‘s URL Staten Island.

“Staten Island has a tough time being cool,” said Kamillah Hanks, founder of the Historic Tappen Park Community Partnership, as she spoke to a tour group about the North Shore neighborhood of Stapleton. It’s true: New York’s forgotten borough, often seen as isolated due to its inaccessibility by bridge or Subway line from Manhattan, doesn’t have the same charm or youthful energy that is pervasive in Brooklyn and parts of Queens now. Recently, developers have been aiming to change this perception while also taking advantage of vacant spaces on the island’s North Shore, with notable—and projects including the New York Wheel, Empire Outlets, Lighthouse Point, and URL Staten Island. This past weekend, Curbed took a tour, hosted by Untapped Cities and Munro Johnson, vice president of Staten Island development projects for the New York City Economic Development Corporation, of some of the key sites and newest ventures to hit the island as businesses and residents alike descend on the area after being priced out of other boroughs and neighborhoods.

The tour began mere steps away from the Stapleton Staten Island Railway Station at URL Staten Island (short for “Urban Ready Life,” a rental community developed by Ironstate Development that is part of the larger community known as the New Stapleton Waterfront. Greg Russo from Ironstate explained that the 900-unit development, which is slated to open its first phase by the end of this year, is targeting apartment hunters in their 20s or 30s, as the island has experienced an exodus of young people in recent years. The project, which was implemented by the EDC’s Capital Program, will also foster community life with a public plaza, a cafe, and 30,000 square feet of ground-floor retail space. Outside of the buildings, the developer hopes to work with the borough to upgrade and create more streets connecting the shore area with the inner neighborhood, as the areas feel very distinct from one another at the moment.

READ FULL ARTICLE ON CURBED.COM


Staten Island’s Turning Point?

A view of URL Staten Island, a new residential and retail complex rising in the Stapleton neighborhood, from the Stapleton platform of the Staten Island Railway. URL overlooks Upper New York Bay. Credit Edwin J. Torres for The New York Times

A view of URL Staten Island, a new residential and retail complex rising in the Stapleton neighborhood, from the Stapleton platform of the Staten Island Railway. URL overlooks Upper New York Bay. Credit Edwin J. Torres for The New York Times

C.J. Hughes at The New York Times features Ironstate Development in a report about the revitalization of Staten Island. 

A wide bay may separate Staten Island from the rest of the city. But in terms of real estate, differences between the borough and other enclaves seem to be lifting like a morning fog.

New rentals and condominiums, some with perks like a pet spa or rooftop beehives, are rewriting the island’s skyline. Big-city cool is popping up in a place not always noted for it: Small-batch espresso will soon flow at a coffee shop; a jug band played kazoos at a recently opened brewery; and stores selling brand-name skinny-leg pants are on their way. And a fresh crop of renters and buyers, unable to afford pricier precincts and unfazed by stereotypes about how the place can seem insular, bland or run-down, are setting sail for the island.

 Rising on a desolate stretch of waterfront is URL Staten Island, short for “Urban Ready Life,” a $250 million mixed-use project with about 900 rental apartments in a series of buildings resembling factories, with bands of windows and flat roofs, the better to house bee hives.

The first phase, with 571 studios, one-bedrooms and two-bedrooms, will open this fall. Interiors will feature stone counters and bamboo floors, plus stacked washers and dryers. Studios will likely start around $1,600 a month, and two-bedrooms at $2,800, said David Barry, the president of Ironstate Development, the developer.

The site will contain 35,000 square feet of retail space, more than half of which is now leased. Among the future tenants are a pizzeria, a store dedicated to specialty olive oils and Lola Star, a Coney Island clothing shop that is soon to open a branch in that other rising outpost, the Rockaways. Coffeed, a chain that brewed its first cup in Long Island City, Queens, will also be there.

National chain stores, such as those that dot Staten Island’s strip malls, are not welcome at URL. “This place has its own special character,” Mr. Barry said. “The stores should reflect that.”

URL will also have a 5,000-square-foot plot planted with vegetables that can be purchased from an on-site farm stand. Or, for a fee, residents will be able to request that its kale, spinach, rainbow chard and mizuna be prepared by a chef who will do double duty as the head farmer, said Mr. Barry, who was sifting through résumés for the post as he spoke.

READ FULL ARTICLE AT THE NEW YORK TIMES


Ironstate expanding its development focus to Connecticut, Staten Island

2015-03-09_11-30-35Joshua Burd at NJ BIZ reports on the expansion of Ironstate Developmentinto Staten Island and Connecticut.

After decades spent building a vast multifamily portfolio around New Jersey’s Gold Coast and then New York City, Ironstate Development is adding a new location to its list of target markets: Stamford, Connecticut.

The well-respected Hoboken-based firm is preparing to start construction on a 672-unit, mixed-use project in that city, which sits about 40 miles from Manhattan and is connected by a busy Metro-North rail station. Working in a joint venture with The Rich Co., a local developer, Ironstate said it expects to begin site work next month and deliver the first phase of 194 units by around fall 2016.

FULL ARTICLE


Staten Island: NYC’s farthest-flung borough gets ready for its close-up

via Adam Bonislawski/ New York Post

Today’s NY POST report on Staten Island real estate features Ironstate Development.

Everyone loves a water view, but, as the saying goes, God isn’t building any more beachfront property.

And so, as New York’s waterfront has emerged from its industrial past as a prime location for residential real estate, builders have steadily moved farther and farther afield in search of new spots for development.

Lately, they’ve made their way to Staten Island.

The city’s least populous borough, Staten Island has often been an afterthought in discussions of New York real estate. But with several hundred million dollars in commercial and residential development slated for the area, the island — and its Manhattan-facing north shore, in particular — is having a moment.

“It’s part of the larger story of outer borough waterfront development,” says David Barry, president of Ironstate Development, which is in the midst of converting The Homeport, a former US naval base in the north shore’s Stapleton neighborhood.

ENTER YOUR URL: Ironstate Development is transforming Stapleton’s erstwhile naval base into a mixed-use project (its courtyard above) called Urban Ready Living.

The mixed-use development, namedURL [Urban Ready Living], will feature 30,000 square feet of retail along with 900 rental apartments — studios from $1,600; one-bedrooms from $2,000; two-bedrooms from $2,700 — which will start leasing next summer. In addition, the city is investing $32 million for road improvements and a new waterfront esplanade at the site. Ironstate is also planning similar projects in Jersey City and Stamford, Conn.

“You’ve seen it in Brooklyn and Queens and Jersey City, and now Staten Island,” Barry says. “We’re in a period of time where waterfronts are turning over from industrial to residential, commercial and recreational — Staten Island is part of that progression.”

The Homeport development sits two railway stops south of the borough’s St. George neighborhood, home to the Staten Island Ferry terminal and the emerging epicenter of the island’s waterfront development.

FULL ARTICLE


A Borough Seeks the Spotlight

NY TIMESThe New York Times features Ironstate Development in a story on the significant redevelopment efforts underway along Staten Island’s north shore waterfront. Read it HERE! 


Development Plans In Place For Staten Island Waterfront

By: Amanda Farinacci

Try walking along Front Street in Stapleton.

It’s not easy. The sidewalks that do exist are crumbling and many sections along the busy strip don’t even have them, forcing pedestrians into the street.

“It needs work,” says Tom McKnighty with the New York State Economic Development Council. “It does not have sidewalks, it does not have trees, it does not have lighting.”

Now, as part of the redevelopment of the Staten Island Homeport, that’s about to change.

Front Street borders the long-abandoned 36-acre site, once the home of the U.S. Navy. As part of an aggressive redevelopment plan for the long-abandoned site, infrastructure improvements have finally begun.

For the next several months, crews will be working underground on sewers and water mains. Next year, they will repave streets, add lights and plant trees.

“It’ll make a place that’s more pedestrian-friendly, it’ll be a better place for drivers and it’ll help establish a place for the new development,” McKnighty says.

The city’s Economic Development Corporation has teamed up with Ironstate Development to build 900 units of housing in phases, including 35,000 square feet of retail space and improved waterfront access.

By the end of the year, the city says it expects to begin work on the waterfront esplanade, a roughly three-acre site officials say will eventually look a little something like the recently redeveloped East River Park on Manhattan’s lower east side:

“It’s gonna be planted areas, it’s gonna be seating, it’s gonna be a walking path,” McKnighty says. “There’s gonna be opportunity for active recreation. It’s gonna be a waterfront park.”

Ironstate will begin construction of the first 450 units of housing later this year. In the meantime, the developer is already talking to potential tenants, both island-based businesses and national chains, about the retail space.

“They’re very excited about the waterfront location and about the esplanade and how it will all come together,” says Michael Darata of Ironstate Development.

While Ironstate says it hasn’t signed any tenants yet, it says it expects to very soon.

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It’s been a long time coming but there’s movement on converting a sprawling stretch of Staten Island waterfront into the island’s newest place to live and shop, years after the Navy set sail from the site.


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