By Judy L. Randall
The sale of a portion of the sprawling property to Ironstate Development of Hoboken is to be announced today by the Bloomberg Administration and Borough Hall.
Borough President James Molinaro confirmed yesterday that the $11 million sale and transfer of ownership has taken place. Ironstate has pursued the acquisition since 2009.
Molinaro said demolition of existing structures on the seven-acre parcel — once used by the U.S. Navy and most recently by members of the Staten Island judiciary as courtroom space — could take place “within the week,” pending what he described as “minor permitting” wrinkles.
The New York City Economic Development Corp., administration officials, Molinaro and City Councilwoman Debi Rose (D-North Shore) were to join Ironstate President David Barry for an onsite press conference.
One of New Jersey’s biggest developers, Ironstate has been credited with helping to transform Hoboken and Jersey City.
The city for years had trouble marketing the home port site — after the Navy pulled out in 1993, it was home to a bagel bakery and a nascent film studio —before Mayor Michael Bloomberg announced plans in 2009 for Ironstate to build 800 high-end apartments there along with a shopping hub at an estimated cost of $150 million.
Said Molinaro: “In these bad economic times, it is gratifying someone has the confidence to come forward to develop housing on Staten Island. It will offer magnificent views of the city, with the [Verrazano-Narrows] bridge to the right and Manhattan to the left.”
The announcement, said Ms. Rose, “signals the beginning of the renaissance” of the North Shore waterfront. She added: “This much-welcomed development will serve as an anchor for the Stapleton community and will help increase the density needed that will spur the local economy.”