Staten Island North Shore

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So wait, Staten Island is cool now? Borough’s North Shore is seeing rising prices and new develop上海千花网

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ments

North Shore, Staten Island

Although Staten Island is often referred t上海千花社区

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o as New York City’s forgotten borough, this might not 上海千花网交友

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be the case for much longer.

New projects and rising real estate prices have started to arrive on the borough’s North Shore, with New Yorkers taking advantage of its 25-minute ferry commute to Manhattan and great views of the Manhatta爱上海龙凤419桑拿

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n skyline and Statue of Liber上海贵族宝贝

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ty, according to the Wall Street Journal.

The area consists of the St. George, Stapleton, New Brighton and Tompkinsville neighborhoods, and residential and commercial prices have risen on the North Shore by an average of 30 percent since 2012. However, land is still significantly cheaper than in other parts of New York City with an average price of $80 per square foot on a buildable lot.

Major projects coming to the neighborhoods include Triangle Equities and Starwood Hotels Resorts 175-key Westin hotel next to the ferry terminal and Empire Outlets NYC, an outlet mall from BFC Partners with 100 stores.

Hipsters have started to take notice of the borough as well, according to EPS Contracting owner Ettore Mazzei. He told the Journal that young people getting priced out of Brooklyn have started to take a look at Staten Island.

“They want to be in the ground floor of A Happening Place,” he said. [WSJ] – Eddie Small

Tags: Development, Staten Island
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