The New Coney Island - Brooklyn's Times Square by the Sea

Friday, October 16, 2009

Joe Sitt talks Coney at Lincoln Center Real Deal Forum

Real Deal Excerpt -

Joe Sitt, the CEO of Thor Equities, echoed Roubini's pessimistic viewpoint with regard to the commercial side of the market.

"The commercial market is just starting to feel its pain," said Sitt, who has been engaged in a years-long struggle with the city over the redevelopment of Coney Island. "We haven't even tasted the pain that's about to come."

Sitt stayed mostly mum about his plans for Coney Island, but did say he and Mayor Michael Bloomberg are close to an agreement.

"We're starting to get on talking terms," he said. "We will figure out a solution."

Thanks to the economic slowdown, a mutually agreeable plan "will take more patience than Mayor Mike or myself would like," he said, but he ultimately believes that "Coney Island will be a special place."

Sunday, October 11, 2009

Marty wants the Brooklyn Islanders

NY Post excerpt -

Islanders are Brooklyn's goal
Last Updated: 1:11 PM, October 8, 2009
Posted: 2:57 AM, October 8, 2009

The Brooklyn Islanders? Borough President Marty Markowitz yesterday threw Brooklyn’s puck into the ring to land the Long Island hockey team, saying, “Brooklyn is the only place they should consider” if team owner Charles Wang makes good on a threat to flee Nassau County.

“Put everyplace else on ice,” Markowitz told the Post. “We’ve got lots of hockey fans, and we’d even let them keep their name since we’re technically still on Long Island.”
Queens officials also have expressed interest in the Islanders, saying Willets Point would be ideal.

Although Markowitz is okay with the Islanders playing anywhere in Brooklyn, the logical choice is the planned $800 million Prospect Heights arena expected to host the NBA’s Nets by the 2011-12 season.

Sunday, October 4, 2009

NY Aviators Pro Hockey Tryouts

AVIATOR Sports & Events Center



SUNDAY, OCTOBER 11, 2009 11 AM

Tryout Sunday, October 11, 2009 and earn an invitation to
AVIATORS Main Tryout Camp. This one day tryout is limited
to 40 players and 8 goalies. The cost is $50.00 and you need an
approved R.S.V.P. for this event by contacting Head Coach Rob
Miller at 718 758-7585 or email to: .
Your age, the position you play and the last team you played for
must be provided prior to this one day tryout.

Brownstoner - Gravesend house sells for over $10 million

Excerpt -

Holy moly! The sale of 2111 East 2nd Street in Gravesend for $10.26 million just hit public records, and although the price tag isn't high enough to make it a Brooklyn record, it's definitely the biggest sale of this year, and probably one of the top 10 or so biggest house sales in the borough ever.

Saturday, October 3, 2009

Marty endorses Bloomberg

He cited Brooklyn development too -

Brooklyn Eagle excerpt -

He stressed that in his opinion, the mayor and he share many of the same goals and support many of the same projects. These include “a 24/7 Downtown Brooklyn, the City Point project, Atlantic Yards, the continuing development of the Navy Yard, the Weeksville historic museum, the redevelopment of Coney Island” and more.

Thursday, October 1, 2009

Bay News cover story - Thor on Shore Parkway

Excerpt -

Thor Equities Developer Joe Sitt is getting back to his retail roots and proposing construction of a new 214,000-square-foot shopping center at 1752 Shore Parkway.

The Amboy Bus Company is currently using the site to store its school buses.

Plans to construct space for a new BJ’s Wholesale Club and three other retail stores between 24th Avenue and Bay 37th Streetwill get a hearing at the Department of City Planning on October 29.

Community Board 11 is now reviewing the proposal.

The applicant is seeking to amend the current M3-1 zoning designation to a more restrictive M1-1 manufacturing classification, as well asobtain a number of special permits.

“In the long term it would be better for the area,” Community Board 11 District Manager Marnee Elias-Pavia said.

It is great to see this moving forward. It makes me very confident that the city and Thor will also come to an agreement on a year round development deal on Coney. Things are looking up! With rezoning comes progress.