Revealed: 125 Edgewater Street, Three-Building, 400-Unit Residential Project in Rosebank, Staten Island
The buildings would be 13-, 12- and six stories tall and hold a total of 371 or 396 apartments, depending on which plan makes it through the public review process. The first proposal calls for a development that includes 24,000 square feet of retail but fewer apartments. The second plan would have more apartments, but would lack retail, which could boost street life on a fairly dead stretch of waterfront. Regardless of how many apartments get built, the development would have a 346-car parking lot.Twenty percent of the apartments would rent for below-market rates to families making up to 80 percent of the Area Median Income, or $78,336 for a family of three.
Eventually, the Edgewater Street complex will offer a landscaped, 60,000-square-foot public esplanade, linking to a longer stretch of public waterfront planned in Stapleton.
If approved, the developer expects construction to begin the fall of 2017 and wrap by the end of 2019.