Triangle Equities Triangulates the Boroughs

In this profile piece, the Commercial Observer spotlights Lester Petracca, President of Triangle Equities, for his strategic leadership in guiding the firm’s mission to reshape New York City’s outer boroughs through community-driven, transit-oriented development. With decades of experience and a reputation for executing projects in overlooked markets, Petracca has led Triangle’s transition from a traditional builder into a vertically integrated developer focused on high-impact mixed-use projects aligned with public interest. The article credits Petracca’s thoughtful, partnership-oriented approach for Triangle’s success at unlocking complex real estate opportunities across the Bronx, Staten Island, Queens, and beyond.

Projects like Lighthouse Point in Staten Island and Triangle Plaza Hub in the South Bronx are central to Triangle’s growing portfolio and serve as prime examples of its public-private model. At Lighthouse Point, Petracca oversaw the redevelopment of a dormant ferry-facing waterfront parcel into a vibrant, mixed-use destination combining residential, retail, and hospitality, while preserving historic maritime architecture. Meanwhile, Triangle Plaza Hub brings food access, healthcare, and job growth to a previously neglected corridor in the Bronx. Both projects are located at major transit nodes and highlight Triangle’s commitment to inclusivity, connectivity, and placemaking—values Petracca has embedded into every deal.

The article highlights Petracca’s philosophy that meaningful development must go beyond economics—it must enhance communities. By working closely with city officials, community stakeholders, and institutional capital partners, Triangle Equities has become a go-to firm for delivering complex, mission-aligned urban redevelopment. Petracca’s ability to “triangulate” opportunity across boroughs—not only geographically, but strategically—positions Triangle as a forward-thinking leader at the intersection of infrastructure, equity, and sustainable growth. This feature underscores both Petracca’s personal leadership and the firm’s growing influence in shaping New York’s next-generation neighborhoods.