A contractor’s bankruptcy filing has stalled construction of an already-delayed $250 million luxury apartment complex in St. George, Staten Island, the New York Post reported. Hollister Construction Services of Parsippany, N.J., filed for chapter 11 protection on Sept. 11, though its website states that it will “continue to conduct business.” However, the developer behind the Lighthouse Point project, Triangle Equities, told the Staten Island Advance that it is “close” to hiring a new contractor for the project, which was supposed to see residents move in next year. The exact timetable won’t be known until a new contractor is on board. The project also has a partial stop-work order issued by the city Buildings Department for “inadequate guardrails” and housekeeping at the site, according to the Advance. Lighthouse Point, next door to the Staten Island Ferry terminal, and opposite the new Empire Outlets mall, includes a 116-unit apartment building, 20 percent of which will be earmarked for affordable housing, along with 65,000-square-feet of retail, including an upscale grocery store, and office space.
