The Bank Street Site represents an opportunity to bring a world-class destination to one of the last remaining waterfront development sites on Staten Island’s North Shore.
Over the past 20 years, the City of New York has facilitated $422 million of public investment along Staten Island’s North Shore waterfront, creating public waterfront access to the New York Harbor with stunning views of Lower Manhattan, and attracting private investment in retail attractions and mixed-income housing—all anchored by the Staten Island Ferry Terminal.
In 2023, the City has a historic opportunity to complete and activate the Bank Street Site, a prime parcel in downtown Staten Island.
North Shore Investment + Opportunity
The Bank Street Site is located along the waterfront of the St. George neighborhood on Staten Island’s North Shore, one of the City’s emerging waterfront destinations. Over the past decade, the North Shore has seen significant public and private investment that has transformed the area into a thriving district with entertainment, retail, transit upgrades, and mixed-income housing. The site, one of the last remaining waterfront development parcels on the North Shore, represents an opportunity to benefit from and build upon this recent investment.
The City envisions a project that can be brought to life quickly, as the site received disposition approval in 2013 for commercial and amusement uses. There has already been approximately $195 million1 invested in site infrastructure, resulting in:
- A completed and operational 820-space mechanically vented parking garage
- A 70,000-SF terminal building designed originally to support exhibit areas, entertainment, food service, and retail (structurally complete).
The project has the potential to deliver a highly visible, world-class public amenity that will capitalize on the city’s approximately 67 million annual tourists while crucially enhancing the quality of life for the St. George community by delivering direct access to premier waterfront public open space.
1. Note this figure reflects an approximation of the improvements made to the Bank Street Site over the 2015 to 2017 period that were provided to NYCEDC by third parties. Any party interested in redeveloping the Bank Street Site should perform their own due diligence.