LargaVista created an Opportunity Zone Fund to reposition this 9-acre industrial property in Northern Staten Island adjacent to the Bayonne Bridge on the Kill Van Kull Tidal Strait. The property, which was acquired in March 2021, was formerly the target of a New York State Department of Environmental Conservation enforcement action resulting from illegal dumping prior to 1982, along with other violations. LargaVista signed a voluntary consent order to restore the waterfront including the creation of a new revetment and wetlands buffer area. LargaVista has signed a 10-year lease with Haddad’s, the largest film and television production rental equipment vendor in the industry, for equipment warehousing and trailer parking. The first half of the project was delivered in November 2022. Phase 2 will be completed by the end of 2023.