STATEN ISLAND, N.Y. — “Staten Island Storefronts: Race for Space” is an exciting new competition for entrepreneurs and businesses interested in opening retail stores, restaurants, entertainment venues and other services in Downtown Staten Island.
Downtown Staten Island
At the tip of a borough of nearly 500,000 residents, Downtown Staten Island is undergoing a significant transformation. Nearly 70,000 Staten Island Ferry riders now pass through the neighborhood every day. More than 30,000 young New Yorkers are building strong artist and ethnic communities here.
The world’s largest Observation Wheel will soon break ground next to the Staten Island Yankees’ stadium and the St. George Ferry Terminal. More than a thousand new housing units are planned for the waterfront, along with new parkland and retail investments. See the map.
A storefront is eligible, provided that:
- The space is an existing storefront in Downtown Staten Island
- The lease is signed within 3 months of award and is at least 3 years in length
- Annual rent is equal to or greater than the prize amount OR planned capital investments in permanent space improvements are at least twice the prize amount
- The applicant is not an ineligible type of business
Up to $425,000 in prizes will be awarded to eligible businesses::
- $25,000 for dry goods retailers or services provides
- $50,000 prizes for food services applicants
- $75,000 for leases of 5,000 square feet or more
Any application that meets these criteria and demonstrates its ability to follow through will be awarded a prize. Prizes will be distributed until the money runs out.
Thank you for visiting the blog site of the Staten Island Board of REALTORS® (SIBOR)
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 1,600 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 Inc. (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 viewed online at http://siborrealtors.com. SIBOR may also be visited on Facebook at “Staten Island Board of Realtors,” on Twitter via @SIBOR, and on YouTube at the Staten Island Board of Realtors and RelevantPR channels.
SIBOR Media Contact: Barton Horowitz