Last of Staten Island High Rises Stalled by Recession Set to Open This Fall

accolade03-ret via Nicholas Rizzi/DNAinfo ST. GEORGE — The last of a set of luxury condominium high-rises that have stood empty around St. George’s waterfront since the recession plans to open its doors in the fall and has already sold almost half of its units.

The Accolade, a former dry cocoa warehouse in Bay Street Landing that was converted into a residential building, opened its 100-unit studio to three-bedroom condos for sale in March.

Sales exceeded expectations of developers Meadow Partners and real estate agent The Marketing Directors. “We’re really moving very quickly,” said Angela Ferrara, executive vice president of sales for the Marketing Directors. “We didn’t anticipate this level of excitement.” In the five months since they opened up for sales — priced between $322,000 to more than $1 million — the agency has sold 43 apartments, a surprise for a building that has been sitting empty and unfinished since 2009.

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