Wednesday, 24 October 2018

Here’s what the death of the New York Wheel could mean for Staten Island real estate

The New York Wheel, a more than $900 million project that was plagued with infighting and cost overruns, was meant to bring a world class tourist destination to Staten Island. Rich Marin, the project’s founder and former CEO, once claimed the project would transform the borough’s waterfront into the “gateway to America.” But despite the attraction’s official death on Tuesday, multiple brokers said the area’s real estate market should escape its wreckage relatively unscathed. Staten […]



source https://therealdeal.com/2018/10/24/heres-what-the-death-of-the-new-york-wheel-could-mean-for-staten-island-real-estate/

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