{"id":1004137804,"date":"2016-02-25T00:35:40","date_gmt":"2016-02-25T08:35:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004137804"},"modified":"2020-05-18T10:02:05","modified_gmt":"2020-05-18T18:02:05","slug":"underway-staten-island-m-u-project-snags-anchor-tenant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/underway-staten-island-m-u-project-snags-anchor-tenant\/","title":{"rendered":"Staten Island M-U Project Snags Anchor Tenant"},"content":{"rendered":"

By Scott Baltic, Contributing Editor<\/em><\/p>\n

\"Rendering<\/a>

Rendering of Lighthouse Point, Staten Island, N.Y.<\/p><\/div>\n

New York<\/strong>\u2014Phase one of Lighthouse Point, a $200 million mixed-use residential and commercial project on Staten Island, has nailed down its anchor tenant, it was announced Tuesday by Triangle Equities<\/a>, the project\u2019s developer. That tenant is Regus<\/a>, a shared workspace provider, which will occupy about 30,000 square feet of the nearly 65,000 square feet intended for retail and office.<\/p>\n

Regus can provide office space on terms of days to years, in 45 states and the District of Columbia; a network of meeting rooms, bookable by the hour; access to more than 3,000 business lounges worldwide; virtual office services; videoconferencing suites worldwide; and business continuity packages.<\/p>\n

The 15-year lease at Lighthouse Point, according to Triangle, \u201csolidifies the St. George waterfront as a viable option for businesses to operate and further enhances the commercial business district in the area.\u201d Moreover, having Regus as a tenant is expected to attract out-of-town users who might need short-term meeting or office space, providing business for nearby hotels, retailers and restaurants.<\/p>\n

As previously reported<\/a> by Commercial Property Executive, the financing for Lighthouse Point was complex and many-sided. Triangle\u2019s most recent announcement listed $30 million of construction loans and tax credit equity from the Goldman Sachs Urban Investment Group, $29 million of construction loans from Citizens Bank, $16.5 million from Empire State Development, $6.2 million of capital from New York City, along with joint venture equity from Triangle & Lubert Adler.<\/p>\n

Additional financing included $35.5 million in New Markets Tax Credit allocation from Triangle\u2019s partners: United Funds Advisors, the Goldman Sachs Urban Investment Group and CCG Community Partners. UFA is also providing up to $20 million of take-out EB-5 financing.<\/p>\n

Construction of the first phase of Lighthouse Point began late last year and is scheduled for completion in 2017. This phase will also include a 12-story residential tower with about 116 rental units; more than an acre of waterfront public open space for outdoor concerts, art exhibits and events; and an approximately 300-space parking garage.<\/p>\n

In the second phase, the developer will rehab and repurpose the four historic structures on the site, a former U.S. Lighthouse Depot Complex that is listed on the National Register of Historic Places. That phase will feature a new 175-key hotel tower featuring about 15,000 square feet of event space.<\/p>\n","protected":false},"excerpt":{"rendered":"

Shared workspace provider Regus will occupy roughly 30,000 square feet of space in Staten Island’s new mixed-use development.<\/p>\n","protected":false},"author":882,"featured_media":1004137805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,21808,21752,1600,21742,10],"tags":[],"class_list":["post-1004137804","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-featured","category-mixed-use","category-new-york","category-latest","category-northeast"],"acf":[],"yoast_head":"\nStaten Island M-U Project Snags Anchor Tenant - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/underway-staten-island-m-u-project-snags-anchor-tenant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Staten Island M-U Project Snags Anchor Tenant\" \/>\n<meta property=\"og:description\" content=\"Shared workspace provider Regus will occupy roughly 30,000 square feet of space in Staten Island's new mixed-use development.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/underway-staten-island-m-u-project-snags-anchor-tenant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-02-25T08:35:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T18:02:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/02\/sb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/underway-staten-island-m-u-project-snags-anchor-tenant\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/underway-staten-island-m-u-project-snags-anchor-tenant\\\/\"},\"author\":{\"name\":\"Scott Baltic\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/61ac1450f3ffaa0e850b834c28526555\"},\"headline\":\"Staten Island M-U Project Snags Anchor Tenant\",\"datePublished\":\"2016-02-25T08:35:40+00:00\",\"dateModified\":\"2020-05-18T18:02:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/underway-staten-island-m-u-project-snags-anchor-tenant\\\/\"},\"wordCount\":396,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/underway-staten-island-m-u-project-snags-anchor-tenant\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/02\\\/sb.jpg\",\"articleSection\":[\"Brokerage\",\"Development\",\"Featured\",\"Mixed Use\",\"New York\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/underway-staten-island-m-u-project-snags-anchor-tenant\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/underway-staten-island-m-u-project-snags-anchor-tenant\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/underway-staten-island-m-u-project-snags-anchor-tenant\\\/\",\"name\":\"Staten Island M-U Project Snags Anchor Tenant - 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