NEW YORK CITY-A 35-acre property, former home port for the US Navy in the Stapleton locality of Staten Island, is set for development. The Stapleton site development was approved by Staten Island officials.
New Jersey-based Ironstate Development Co. is investing about $150 million for new developments at the site. The company has plans to build a four-story and a five-story building with 800 and 900 rental units. Ironstate Development also has options for two other sites next to the proposed development. For the full story, go to Wall Street Journal.
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