Directly adjacent to the St. George Ferry Terminal and the Stapleton waterfront, Lighthouse Point will include more than 100 residential units, 20 percent of which will be permanently affordable; a hotel; a diverse mix of retail shops and dining options; considerable public open space; and parking.
Along with the Empire Outlets and the New Stapleton Waterfront, Lighthouse Point is a key element of NYCEDC’s ongoing effort to transform the St. George waterfront into a dynamic civic hub that will drive economic growth, create thousands of jobs, support existing waterfront amenities, and provide new waterfront uses to the benefit of visitors and residents alike. Lighthouse Point is expected to create approximately 226 permanent jobs and over 400 construction jobs.
On April 30th, 2014, NYCEDC and Triangle Equities announced the execution of the lease for a long-vacant three-acre site in the St. George neighborhood of Staten Island, paving the way for construction to begin on the $200 million mixed-use Lighthouse Point development. Construction is anticipated to commence this fall, with project completion slated for late 2019.
At full build-out, Lighthouse Point will create 85,000 square feet of retail; a restaurant and entertainment space; a 12-story, 94,000-square-foot residential building housing approximately 80 market-rate housing units and 20 housing units permanently affordable at 60% of area median income; a 160+ room hotel; a communal-style workspace for local start-up businesses; an urban beach; and a series of outdoor recreational areas throughout the site—all with unmatched views of New York Harbor and Lower Manhattan. Project construction will be phased, with each portion of the project opening to the public as it is completed.
Twenty percent of the residential units have been newly designated as permanently affordable for New Yorkers earning 60% or less of the area median income, reflecting the de Blasio administration’s commitment to creating 200,000 affordable housing units across the five boroughs.
From 1863-1966, the site housed the US Lighthouse Service Depot, which was the center of lighthouse operations for the United States during that time, under the Treasury Department until 1903, under the Department of Commerce and Labor from 1903-1939, and under the Coast Guard thereafter. The site was largely vacated in 1966 when the Coast Guard relocated to Governor’s Island and fully vacated upon the departure of the New York Harbor Pilots’ Association in 1984, at which point the property was transferred to the City.
The site is listed on the State and National Register of Historic Places, and the development team will rehabilitate and repurpose all of the historic structures on-site, including the four historic buildings, a set of underground vaults, and a historic wall, thereby retaining the site's historic character while creating the capacity for modern uses. Throughout the design and construction phases, the developer will be required to work in close concert with, and obtain several approvals from, City and State historic preservation bodies. Adjacent to the site, the National Lighthouse Museum has been selected to operate a cultural facility within another historic building associated with the historic lighthouse depot that will share the storied history of the area with residents and visitors.
In 2006, NYCEDC selected Triangle Equities to develop the Lighthouse Point project through a competitive RFP process. The project sought, and received, several public approvals from all levels of government prior to executing the lease.