How the New York Wheel Affects St. George Real Estate

St. George has seen a strong resurgence in recent years and is quickly becoming one of the trendiest neighborhoods in New York City. The Huffington Post even named St. George one of the top 15 vacation destinations of the future thanks to some new projects that are getting under way. Real estate is on the rise on Staten Island, but especially in St. George. While St. George real estate grows in popularity for homeowners and apartment renters, new tourist attractions and businesses will be moving in as well.

Recent projects approved by the city should make St. George one of the best vacation destinations in New York. In addition to the Empire Outlets Mall, the New York Wheel will be sure to draw visitors in the coming years. These projects will bring new business and commerce to St. George along with an increase in tourism.

The New York Wheel

The New York Wheel will be the world’s biggest observation wheel and will be located on the north shore of Staten Island right in prime St. George real estate.

Economic Impact of the New York Wheel

The Wheel will provide approximately 350 construction jobs and 600 permanent jobs in St. George, according to The initiative has also dedicated at least $50 thousand dollars a year to the North Shore Foundation, which assists local communities and non-profit organizations. The Wheel will have a capacity of 1,440 people per ride and as many as 30,000 people every single day.

The View From the Top

At 60 stories in the air, the New York Wheel will give sightseers a view of the Manhattan skyline and the surrounding boroughs that has never been seen before. Visitors will be taken on a 38-minute ride in a glass orb for their viewing pleasure.

The 630-foot wheel is slated to begin construction in early 2015. The goal is to open the wheel to the public in 2017.

St. George’s Wheel Named One of the Top 15 Vacation Destinations of the Future

The Huffington Post recently named the NY Wheel one of the top 15 destinations of the future. We can’t blame them. St. George real estate has always had a unique charm and has drawn visitors for many years. The addition of the New York Wheel will surely continue this tradition of tourism in St. George.

St. George Real Estate

There’s never been a better time to invest in real estate in St. George. You can still find great deals in St. George despite the amount of attention this neighborhood has received in recent years. Whether you are looking for a new home or trying to rent an apartment with a decent commute to the city, St. George is the perfect place to begin your search. Experience the north shore revival with the No. 1 real estate company in St. George.

Are you interested in moving to Staten Island? Check out some listings at Gateway Arms Realty.

If you would like to learn more about St. George Real Estate, contact Gateway Arms Realty today, or call us at 1-718-273-3800.