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SI North Shore Pier Set to Transform into Residential, Commercial Hot Spot

It's a three acre site at the foot of the St. George Ferry terminal—and it's the final piece of the revitalization planned for Staten Island's North Shore.

After a series of stops and starts, developer Triangle Equities is set to transform this historic but abandoned pier into a residential and retail space with breathtaking views of the water.

"We just saw this as a tremendous opportunity," says Lester Petracca of Triangle Equities.

The site—to be called Lighthouse Point—is now owned by the Department of Transportation, and will be leased by Triangle Equities for the next 50 years.

Years ago, parts for lighthouses were built in the old Coast Guard buildings here.

Many of those old buildings have since been landmarked, presenting a challenge for developers to work the historic structures into their design.

Plans include a 12-story apartment complex, 80-thousand square feet of retail space, and a 160-room boutique hotel.

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http://www.ny1.com/content/news/2104...rcial-hot-spot