Lighthouse Point (2016)

Staten Island, NY

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COMMUNITY IMPACT

Lighthouse Point is a mixed commercial and Residential development. Triangle Equities Development Company transformed a long vacant site into a transit-oriented, commercial and residential project, catalyzing the capital investment necessary for the community to achieve a full recovery from the devastation wrought by Hurricane Sandy in the Fall of 2012. Phase 1 construction included the development of a 60,000 sq-ft, three-story retail building along Bay Street that incorporates the Lighthouse Depot’s historic brick perimeter wall into the building façade and a 118 unit residential tower with 20% of the units permanently affordable at 60% AMI. The retail building is anchored by a NYC FRESH program grocery store that provides nearly 15,000 square feet of supermarket space to a community in a USDA-designated Food Desert area and a co-working space which will facilitate entrepreneurship and small business job creation. The project created approximately 298 temporary construction jobs and 264 new full-time permanent jobs, while retaining 76 full-time jobs in a census tract with a 14.4% Unemployment Rate and a 21.9% Poverty Rate.

Congressional District

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