Developer Lester Petracca of Triangle Equities tells the Times that work on the 485,000-square-foot Lighthouse Point project in Staten Island will begin in the second or third quarter. The hotel will be built first, and six historic buildings will be restored in the second phase. The developer is also building the 1,600-unit Arverne East in Far Rockaway, and the first 200-unit phase will break ground next quarter. [NYT; previously; previously]
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