A new, two-phase residential development, set for 475 Bay Street in the Stapleton neighborhood of Staten Island. Known as "The Pearl" it will contain affordable housing apartments and ground-floor retail space. Tenant amenities include roof decks, dedicated child and senior rooms, a fitness center, lounge, movie room, and community support services. The development will be located near the Upper Bay waterfront and comes as part of the Bay Street Corridor Neighborhood Plan.