IN THE NEWS

Developer to add 3 million sf of warehouse space to Staten Island site


The owner of the city's largest privately-held industrial site, where Brooklyn Brewery will build a new headquarters on Staten Island, is planning to add 3 million square feet of warehouse space to the project on the borough's western shore.

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Around the world of wheels


When it opened in April 2014, the Las Vegas High Roller was greeted as the world's tallest Ferris wheel at 550 feet. But a lesser known fact is that the High Roller is technically not a Ferris wheel. It's actually a later-generation "giant observation wheel." This distinction makes the recently opened 400-foot Orlando Eye the world's tallest Ferris wheel.

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Staten Island poised for a transformation


As part of the Urban Land Institute's "Transforming Staten Island's Waterfront" development series, those with a vested interested in redeveloping the area spoke about projects like high-end retail complex, Empire Outlets, mixed-use development Lighthouse Point and the progress on the New York Wheel.

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With Wheel, outlets, more, Island will be an 'urban getaway'


James Oddo, along with the stakeholders of Empire Outlets, the New York Wheel and Lighthouse Point in St. George, and URL in Stapleton are hopeful that the projects will be the beginning of a revitalization on Staten Island and change the way both Staten Islanders and those off Island see what is often referred to as the forgotten borough.

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Developers transforming Staten Island together, separately


Staten Island is enjoying a $1.3 billion injection of private capital. After decades of relative stagnation, forces have conspired to bring several massive projects to the waterfront of the "forgotten borough" at the same time - namely Empire Outlets, the New York Wheel, Lighthouse Point and URL Staten Island.

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Developers Promise To Turn Staten Island Into An "Urban Getaway" With "Hip Waterfront"


Dozens of Staten Island residents, business owners, and developers crammed into a tiny conference room inside the Staten Island Ferry Terminal last night for the Urban Land Institute New York's Transforming Staten Island's Waterfront panel.

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As the wheel turns


Nobody's hitting the panic button, but the delays in the groundbreaking ceremony for New York Wheel do give you pause. After all, the Wheel is the supposed to be the centerpiece of the North Shore renaissance, the iconic magnet that is helping draw $1 billion in development to the long under-utilized area that many see as the Island's potential "Gold Coast."

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Broad shoulders, small Ferris wheel


When I heard that the Ferris wheel on Navy Pier is coming down this fall and being replaced with a taller, fancier version, I thought: "Nice. Bigger is always better."

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New York Wheel Begins Laying Foundation for Vertical Construction


CanAm Enterprises, LLC (CanAm) is pleased to announce that it fully funded its $150 million EB-5 loan to the New York Wheel on May 20, 2015, for what will become one of the New York City's iconic landmark tourist attractions alongside the Statue of Liberty and the Empire State Building. The New York Wheel, designed to be the tallest observation wheel in the Western Hemisphere, is a transformational project for New York Harbor and New York City tourism overall.

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New York Wheel Investor $83.47 million Fundraising. Richard Marin Filled Jun 12 Form D


New York Wheel Investor Llc, Limited Liability Company just released form D announcing $83.47 million equity financing. This is a new filing. New York Wheel Investor was able to fundraise $83.47 million. That is 100.00% of the offering.

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Watch: What the view will be like from the New York Wheel


If you're wondering what the view will be like from the New York Wheel once it is built in St. George, Rossville resident Scott Grella has an idea.

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Drone captures stunning sneak peek of New York Wheel's future view


New Yorkers finally get a preview of what looks like it may become one of the best seats in the city. Though the New York Wheel, the world's tallest ferris wheel, is not set to be completed in Staten Island until 2017, a New York filmmaker recently sent a drone up to give future passengers a sneak peek at the view.

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