Merlino & Gonzalez March 2019

Announced in 2008, the New York Wheel was supposed to be Staten Island’s answer to the London Eye. A massive attraction to entice tourists from around the globe to the fifth borough, it served as the catalyst for an unprecedented level of commercial development on the North Shore. Late last fall, after much hand- wringing and litigation, the project was pronounced dead. With parts already auctioned off, there seems to be no chance of a revival. There’s no denying that the demise of the New York Wheel will impact Staten Island real estate and infrastructure, but the degree of that impact remains to be seen. Government officials and real estate developers are worried the death of the Wheel will result in less money invested into public transportation to Staten Island. The Death of the New York Wheel AND WHAT IT COULD MEAN FOR STATEN ISLAND REAL ESTATE

Businesses located near the proposed site seem less worried. The massive Empire Outlets project in the area continues growing, with 75 percent of the proposed storefronts already spoken for. The website is so confident about the area’s growth that it ran an article with the emphatic headline, “The New York Wheel is dead. So what?” Residential real estate should see almost no negative effects from the termination of the project. Prices on the North Shore may level off, but a bottoming out is unlikely. Of course, it’s hard to parse all the ramifications just yet. It will be interesting to see how plans for the neighborhood change over the coming months. Those with real estate interests nearby should follow the news closely.


take a break


• 3/4 cup popcorn kernels • 2 tablespoons flaky sea salt • 1 teaspoon black sesame seeds • 2 teaspoons white sesame seeds • 2 teaspoons granulated garlic • 2 teaspoons granulated onion • 1/3 cup canola oil • 4 tablespoons unsalted butter, melted


1. In a small skillet over medium heat, toast sesame seeds. Shake skillet often and cook until white seeds are golden and fragrant, about 2 minutes. Transfer to a small bowl and add garlic, onion, and salt. 2. In a large saucepan, combine popcorn kernels and oil. Cook over medium-high heat, covered, until popcorn kernels start to pop. Once popping, continue cooking and shaking the pan intermittently until popping ceases, about 3–5 minutes. 3. Transfer popcorn to a large mixing bowl. Pour in butter and toss to coat. Finally, add seasoning, toss again, and serve.

718-698-2200 3

Made with FlippingBook - professional solution for displaying marketing and sales documents online