STATEN ISLAND, N.Y. — A massive industrial warehouse project is rising at the corner of Arthur Kill Road and Nassau Place in Richmond Valley, and developers say the facility — which will be a home base for the storage of manufactured goods — is slated to open before year’s end.
“Warehousing and distribution space is in high demand across New York City, driven primarily by e-commerce growth,” noted part of a zoning application filed for the property in 2022. “As reported in November 2019, sales for warehouse and distribution space are up over 100% since 2016. The Proposed Development would activate a site that is currently underutilized with a use that is compatible with the applicable environmental restrictions.”
A spokesperson from Sagard Real Estate — the investment advisor and operator that is developing the site — noted that the project broke ground in June 2024, and “all ground improvements, site utilities, foundations, precast walls and roof steel are 50% complete.” Defining the site’s intended use as an “industrial warehouse,” the spokesperson gave an estimated completion date as the “end of 2025.”
Identified as One Nassau Place in Sagard’s real estate brochures, the facility offers 331,700 square feet of divisible warehouse space with 60 loading docks and two drive-in doors…