STATEN ISLAND, N.Y. -- One of Staten Island's tallest buildings will soon be built in St. George, according to the Realtor who just brokered a $9.5 million sale of a 37,000-square-foot, L-shaped parking lot to international investors who plan to build a high-rise there.

The parking lot at 315-325 St. Mark's Place, at the corner of Hyatt Street, which was owned by Hyatt Development LLC, sold two weeks ago, according to Michael Schneider, broker/owner of the New Dorp-based Schneider Realty.

The property is currently leased to Central Parking Systems, and used as a paid parking facility.

"It's going to be more than 15 stories high. This is going to be a residential high-end building," said Schneider.

According to Borough Hall, Castleton Park Apartments, located at 185 and 165 St. Marks Place, is likley Staten Island's tallest building at 20 stories high.

"The reason this is a special lot is because the views are spectacular. Above the third story you'll have 360-degree panoramic views of Manhattan. This will be a high-end, Manhattan, Downtown Brooklyn, shiny building," he added.

Schneider estimated that the high-rise could include between 140 to 180 residential units with lower-level commercial operations and parking.

SPECIAL ST. GEORGE DISTRICT

The property is located within the Special St. George District zoning area, and allows both commercial and residential development up to 20 stories.

"This property was purchased by private investors who are international, and want to build a more than $50 million building on Staten Island," said Schneider.

The last deed recorded for the property is dated Aug. 9, 2007, whereby Group Properties of New Hyde Park, N.Y., granted the property to Hyatt Development LLC.

"This has been a stalled construction site for over a decade," said Schneider.

NEARBY IN ST. GEORGE

The property is near the St. George-New Brighton Historic District, and the St. George Theatre.

Doreen Cugno, president of the St. George Theatre, said the loss of the parking lot won't affect theatre patrons.

"St. George Theatre performances take place in the evenings or on the weekends when there is ample parking. Right now, the struggle is for the 9-to-5 workers," she said.

"The majority of our patrons park on the street or in the St. George municipal lot," she added.

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