STATEN ISLAND, N.Y. —  Ironstate Development Co. of Hoboken, N.J., will redevelop the approximately seven acres of the Homeport in Stapleton, Staten Island.

The Staten Island Advance ans SILive reported yesterday that Borough President James Molinaro  has “confirmed …  the $11 million sale and transfer of ownership has taken place. Ironstate has pursued the acquisition since 2009.”

According to the Ironstate Development Co. Web site, the plan calls for a transformation of the decommissioned U.S. Naval Base site into a green development with approximately 800 residential housing units, new stores and a public plaza, creating more than 1,100 construction jobs and 150 permanent jobs.

New York City was to invest $33 million in this first phase of development of the Homeport site for infrastructure improvements and a new waterfront esplanade that will provide community access to the waterfront.

Ironstate Development’s plan called for the buildinging of two residential buildings up to six stories tall each designed to complement the character of the community. The complex will feature ground-floor retail accompanied by wide sidewalks and a public plaza for outdoor dining and to encourage pedestrian activity and public gatherings.

Ironstate intends to capitalize on the Homeport’s tremendous transportation links and unique waterfront location to create an extraordinary new asset for the citizens of Staten Island.

— Staten Island Board of Realtors

About The Staten Island Board of REALTORS® (SIBOR)

The Staten Island Board of REALTORS® (SIBOR) is the largest not-for-profit trade association in Staten Island, N.Y.

SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically; and to promote the preservation of the public’s right to own, transfer and use real property.

Comprised of over 1,800 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas. 

SIBOR is the provider of the Staten Island Multiple Listing Service (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 3,000 real estate transactions every year.

All SIBOR members belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).

SIBOR may be reached at 718-928-3220 and visited online at

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