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rookfield Property Partners is planning a significant expansion of its Staten Island Mall. According to an application filed with the Department of City Planning, the global real estate company wants to add over 41,000 square feet of retail space and several one-story buildings ranging from 2,000 to 8,000 square feet. The project would be built on a 4 million-square-foot site currently used as a parking lot, which would result in the loss of over 200 parking spaces.

    However, Brookfield notes that a 2022 holiday season parking study found that approximately half of the available spaces went unused during peak shopping times. If approved, the project is expected to be completed by 2030 and will feature new stores alongside existing retailers like Sephora and Apple.

    The expansion would coincide with other projects at the site, including a 75,000-square-foot Macy's expansion within the next five years and an additional parking garage adding over 500 spaces. Brookfield does not own the portion of the mall where these projects are located, and construction is not expected to conflict.

    As part of its massive global portfolio, Brookfield holds over 1,100 properties across more than 300 million square feet, with over 40 million square feet currently under development.