Hollister Named Construction Manager on Historic Lighthouse Point Development in St. George District of Staten Island
New retail, residential and transit hub to revitalize vacant U.S. Lighthouse site
NEW YORK, Hollister Construction Services, a leading full-service construction manager specializing in corporate, educational, healthcare, industrial, residential and retail construction, was engaged by Triangle Equities, a New York-based developer, to build Lighthouse Point, a historic mixed-use, transit-oriented development project located on Staten Island’s St. George Waterfront. The company is preparing to break ground on the project later this year.
Hollister serves as construction manager, design builder, and general contractor for a broad spectrum of clients in the New York metropolitan area and is widely recognized for its expertise in specialty construction projects. The firm has maintained a steady focus on mixed-use revitalization projects over the past few years, including several mixed-used buildings in Newark, as well as the Outer Boroughs including Brooklyn, Bronx, Queens and Long Island City, N.Y.
Lighthouse Point will create a gateway to and from Staten Island: a transit-oriented, residential, retail and hospitality destination making direct connections to the Staten Island Ferry parking and pedestrian systems. The $200 million, public-private project is intended as a catalyst to reestablish St. George’s place in history through the restoration and stimulation of the currently vacant U.S. Lighthouse Depot Complex, a federally registered National Historic Site.
Such a large public-private project has required years of tireless work and coordination just to get to this stage. “We are thrilled for the entire project team, especially Lester Petracca and his team at Triangle Equities, as we know how hard they have worked to get the project shovel ready,” said Brendan Murray, vice president, with Hollister Construction Services. “We have worked very closely with the developer for the past few months as we finalize the logistics and purchasing process, and are now prepared to break ground.”
Murray will personally serve as the executive for Hollister, with Vincent Solano, vice president, leading preconstruction efforts. The architects for the mixed-use project are Cooper Carry in conjunction with Garrison Architects.
“We have seen first-hand the positive impact that developments like Lighthouse Point can have on communities,” said Chris Johnson, CEO & Founder Hollister. “We are very excited about the changes this project will bring to the district of St. George, and Staten Island as a whole.”
“We are so pleased to add Hollister to the team to help us turn our vision for Lighthouse Point into a reality,” said Lester Petracca, President of Triangle Equities. “This incredible development will benefit local businesses and residents, spur capital investment in the area, and help to bring about a new future for the Staten Island waterfront. We look forward to beginning construction in the very near future.”
Lighthouse Point was designed to create a charming harbor town destination atmosphere and restore the sense of historic grandeur to this waterfront site. Anchoring the development will be 65,000 square feet of retail and office space on the corner of Bay Street and Borough Place, providing a mixture of unique, boutique retail, a fresh food supermarket, restaurants, outdoor eating, and entertainment space. A residential tower with approximately 116 rental apartments, 20 percent of which will be affordable housing units, will be built directly above the retail building. In addition, a 300-car parking garage will be built into the hillside, providing ample parking to residents and visitors.
Phase II of the project will happen along the waterfront esplanade – the four historic buildings of the U.S. Lighthouse Depot Complex will be rehabilitated, retaining their historic charm while also incorporating the structures for modern uses. The repurposed buildings will house more than 23,000 square feet of restaurant, office and hospitality space, and link to a new 145,000-square-foot, 180-room hotel tower with up to 15,000 square feet of event space.
For more information about Hollister Construction Services, please contact Mark Faris of Shea Communications at 212 627-5766, or firstname.lastname@example.org
About Lighthouse Point
Lighthouse Point is the product of a public-private partnership with the City of New York. Triangle Equities was selected through an RFP process run by the NYC Economic Development Corporation (EDC) for development of mixed residential and commercial uses in the St. George district of Staten Island.
About Triangle Equities
Triangle Equities was established in 1986 and has earned the reputation of a well-respected, professional, full service, real estate development firm. Lester Petracca, its principal, has combined the construction expertise he gained as partner at a family operated construction firm, with nearly 30 years of development experience. Triangle and its related entities develop, own, and manage commercial, residential, and mixed use properties in the New York Metropolitan area.
Triangle Equities focuses on “value-added” developments and specializes in city projects, earning an excellent reputation for working together with government agencies and skillfully navigating the most demanding public approval processes. By actively embracing the complexities inherent to responsible urban development, Triangle has achieved sustainable results and unlocked substantial value for its investors, tenants and the communities it builds in. For more information, please visit: www.triangleequities.com.
About Hollister Construction Services
Hollister Construction Services is a full-service commercial real estate construction manager specializing in corporate, educational, healthcare, industrial, retail, and residential construction, with offices in New York, N.Y., as well as Parsippany, Newark and Trenton, N.J. Distinguished by the exceptional involvement of its principals in projects of all sizes, Hollister is committed to building sound relationships and structures in the New York and New Jersey markets.
Hollister works through its own independent philanthropic organization, The Hollister Foundation, to further its community outreach activities. The Foundation’s mission is to raise and distribute funds for organizations that foster children’s advancement through education and health initiatives.