A report released outlines plans for $1.6 billion that will remake the famed Staten Island waterfront.We’ve seen some transformative developments remake entire areas across the United States, and plans are in the works for another area to be completely revitalized. As SILive reports, a report has been released that outlines plans for $1.6 billion in private and public investments that will remake the famed Staten Island waterfront.
The report has been released by the New York City Economic Development Corp., and it touts a “never-before-seen level of investment in the area," which consists of $1 billion in private funding and more than $600 million in public investment.
"With this vision document, we're providing a resource for people on Staten Island to see how all these different projects work together to build towards something truly transformative. With more than $1.6 billion in public and private investments, over 2,000 new jobs and more than 4,000 new units of housing, exciting things are coming to the North Shore," said New York City Economic Development Corp. president James Patchett.
As you would expect, the report hits all the right notes for modern development. Namely, the development will aim to be a city within a city. "We are working together toward a common vision for Downtown Staten Island - reinforcing it as a place where people can live, work, play and connect," the report reads in part.
In total, it’s expected that there will be over 200,000 square feet of space developed, and that will be complemented by more than 10 acres of open spaces. "Brand new housing, major retail developments, iconic attractions, transportation upgrades, and waterfront parks are bringing in new entrepreneurs and businesses. There is a steady drumbeat of activity that will benefit long-time residents, as well as future Staten Islanders," the report continued.
The overall development has been in the works for some time, and exciting things are already beginning to happen.
"We have so many incredible projects and investments happening here, from affordable housing and open space (in) Stapleton to new jobs and attractions at the Wheel and Empire Outlets," Patchett continued.
If all goes according to plan, this sounds like a fantastic revitalization of an area in need of some TLC. For the most part, the Staten Island waterfront has seen better days, but it sounds like the NYCEDC has the vision in place to transform the area into a desirable place to “live, work, play and connect.”