Mayor Michael R. Bloomberg, Staten Island Borough President James P. Molinaro and members of the Homeport Task Force announced Ironstate Development Company will redevelop the approximately seven acres of the Homeport in Stapleton, Staten Island. As part of the community-driven Stapleton Waterfront Development Plan, Ironstate will transform the decommissioned U.S. Naval Base site into a green development with approximately 800 residential housing units, new stores and a public plaza, creating more than 1,100 construction jobs and 150 permanent jobs. The City will invest $33 million in this first phase of development of the Homeport site for infrastructure improvements and a new waterfront esplanade that will provide community access to the waterfront. Ironstate Development will build two residential buildings up to six stories tall each designed to complement the character of the community. The complex will feature ground-floor retail accompanied by wide sidewalks and a public plaza for outdoor dining and to encourage pedestrian activity and public gatherings.   Ironstate intends to capitalize on the Homeport’s tremendous transportation links and unique waterfront location to create an extraordinary new asset for the citizens of Staten Island. Construction is expected to start in early 2011.