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

Sunday, March 29, 2015

NBC News Video - Cyclone Gets Stuck on Opening Day

Excerpt -

The legendary Coney Island Cyclone gave passengers a scare Sunday when it got stuck on its first public run of the season, forcing a number of riders to climb down the wooden structure on foot.

All the passengers - attending what were to have been leisurely festivities to mark the reopening of Luna Park for the season - appeared to have escaped the roller coaster unharmed. But some said the slow climb from high up on the open structure left them feeling shaken.

"It was terrifying, because I was up there and everything was spinning," Gabriella Centeno said after she reached solid ground. "I didn't know what to do."

Anna Dartany said the park staffers' assistance made climbing down possible.

"I'm scared of heights," she said, "but with their help I made it down. ... This was insane."

Angie Morris, brand manager at Luna Park, said the historic roller coaster had undergone tests over the past month ahead of Sunday's season opening. Such a problem hadn't occurred for a very long time, she said, although she declined to specify how long.

She said the Cyclone would be back up and running within a matter of hours.

Video here -

Saturday, March 28, 2015

New Pic added to New Coney 2016 sidebar!

Check out the new beach entrance coming to W 10th St. Construction is underway.

http://news.rbagroup.com/blogs/?p=125

WWE SummerSlam and Raw on back to back nights in Brooklyn

WWE Monday Night RAW will be held at Barclays Center on Monday, August 24, the night after a sold-out SummerSlam takes place in the same venue.

Come see the fallout of SummerSlam and all of your favorite WWE Superstars including John Cena, Bray Wyatt, Daniel Bryan, Randy Orton, Dean Ambrose, Roman Reigns, Seth Rollins, Rusev and many more! *Card is subject to change

Tickets will go on sale Saturday, March 28 at noon and will be available online at www.ticketmaster.com, or by phone at 800-745-3000. Tickets are also available at the American Express Box Office at Barclays Center beginning Monday, March 30 at noon (if tickets are still available).

http://www.barclayscenter.com/events/detail/wwe-monday-night-raw-2

Thursday, March 26, 2015

Third White Castle coming to Coney

Luna Park press release excerpt -

Visitors can also expect the opening of a third White Castle Express at the historic B&B.

http://www.wltz.com/story/28612218/luna-park-in-coney-island-kicks-off-its-2015-season

Monday, March 23, 2015

Update on the new WAVE condo in Manhattan Beach

Just received a note with their new website. Just Beautiful!

http://www.104wavecondo.com/

Sunday, March 22, 2015

NY Empire Ultimate Disc - 3 Games at MCU Park

Sunday, April 12th              Montreal Royal                      MCU Park

Sunday May 3rd                 Ottowa Outlaws                    MCU Park

Sunday June 28th              Philadelphia Phoenix            MCU Park    

http://www.eventbrite.com/e/new-york-empire-2015-season-tickets-tickets-15762901262  

https://www.facebook.com/newyorkempire

Brooklyn to make Million Dollar Listing TV debut

Real Estate Weekly Excerpt -

Brooklyn will make its debut on the next season of Bravo’s Million Dollar Listing New York, according to show star Ryan Serhant.

Serhant, a licensed associate real estate broker at Nest Seekers, said, “We love Brooklyn. We don’t just sell Manhattan.”

For him, Greenpoint is the borough’s hottest neighborhood.

“Greenpoint offers the ability to do what you want as an architect, a developer, or a designer,” he said.

“A lot of people want to live in Greenpoint, and it’s an incredible place to be. We’re moving into the new development market in Brooklyn, and when new developments come about in Brooklyn, there’s a built-in waiting list. It’s unbelievable.”


http://rew-online.com/2015/03/20/have-you-heard-brooklyn-to-make-million-dollar-listing-tv-debut-buddy-hacketts-apartment-up-for-grabs/

Saturday, March 21, 2015

Nostrand Ave - Sheepshead Bay

Real Estate Weekly  excerpt 

Acadia Realty Trust is nearing completion of a $3.7 million capital improvements campaign at five properties the firm acquired in Sheepshead Bay, Brooklyn in 2012 for $18.5 million.

The properties — located at 3780-3858 Nostrand Avenue — total more than 70,500 s/f and feature both office and retail space.

Acadia renovated the façade, storefronts, vacant office suites, lobbies, elevators and bathrooms, and installed new signage. Additional improvements are underway to re-open the below grade garage to better service tenants and customers.

“The Sheepshead Bay retail and office market — especially in the Nostrand Avenue area — has been under the radar for some time, but has recently piqued the interest of potential tenants thanks to responsible redevelopment and better management,ˮ said Chris Conlon, executive vice-president and chief operating officer of Acadia Realty Trust.

“The Nostrand Avenue Portfolio presented us with an opportunity to bring a unique product to the Brooklyn market, one not comparable to any properties in the region.ˮ

According to Conlon, the neighborhood was hit hard by Hurricane Sandy, but has “bounced back” in such a way that “Nostrand Avenue is becoming one of the premier retail corridors, generating interest from local companies and national retailers.”

The Nostrand Avenue Portfolio currently has 11 office and retail spaces available, ranging from 724 to 5,670 s/f.

Acadia Realty Trust’s Brian Bacharach is the project manager overseeing the capital improvements campaign at the Nostrand Avenue portfolio and Trent Dickey, also in-house at Acadia, is overseeing the leasing and marketing efforts for the portfolio’s retail spaces.


Current retail asking rents are approximately $40 psf. Recent leases include a local dance studio and two lease renewals — a nail salon and physical therapist. Additionally, the Acadia team has three leases out to national tenants.

http://rew-online.com/2015/03/18/acadia-gearing-up-to-complete-nostrand-block/

Sunday, March 15, 2015

Schron's not only developing in Coney, Sunset Park has billion dollar plans as well

Southern Brooklyn obviously on his radar screen.

Bloomberg excerpt - 

Brooklyn’s Industry City to Get $1 Billion Modernization

A late 19th century industrial complex on New York’s Brooklyn waterfront is slated for a $1 billion makeover that aims to transform the property into a modern hub for manufacturing and technology. 

The owners of Industry City, Atlanta-based Jamestown and its partners, plan to invest about $890 million over the next 12 years, and anticipate tenants will put in about $150 million of their own money, according to a proposal announced Monday. The project will create one of the largest centers for the “innovation economy” in the U.S., and one of New York’s biggest engines of job growth, said Andrew Kimball, chief executive officer of Industry City. 

Jamestown, whose other properties include Manhattan’s Chelsea Market, wants to revamp the “long-underutilized relic” into a magnet for employers in fields such as food, fashion, art, media and e-commerce, according to Kimball. The investors envision drawing as many as 20,000 workers to the renovated 16-building campus, which sits between the Gowanus Expressway and New York Harbor in Brooklyn’s Sunset Park section. 

“People want to make things again,” Kimball said in an interview. “They want to do them in urban areas, where they’re interacting with other like-kind makers, and particularly on campuses where they are very directly connected with those other makers.” 

The group’s investment is contingent on getting about $115 million of public money and agreement from the city on zoning changes to the area, Kimball told reporters at an event unveiling the plans.

Broken Windows

The partners have already spent $100 million toward modernizing the hulking gray-block buildings, and much more work lies ahead. Windows that haven’t been replaced have rusted frames and are often broken. Black electrical wires cross the roofs, and old-fashioned phone lines -- still in use -- sit tangled in metal utility boxes in the buildings’ corridors. Fewer than half of the complex’s 144 elevators work, and only 15 are automated. 

“There’s a reason nobody’s taken on this kind of project in the private sector up until now,” said Kimball, who oversaw a similar renovation at the city-owned Brooklyn Navy Yard. “It’s very hard to make the economics work with these buildings that require massive deferred maintenance to get them off the ground.”

Hotel, Retail

Besides upgrading the 6 million-square-foot (557,000-square-meter) complex’s infrastructure, plans also call for a university-based research facility, community-run employment office and 907,000 square feet of ground-floor retail, much of which will require city approval. Rezoning would be needed to construct a hotel and conference center at the complex, Kimball said. 

Industry City was originally named Bush Terminal, after its developer, Irving T. Bush, who started on it in 1895. Much of it has sat dormant or used for low-rent storage since it began to go downhill in the 1950s. 

Jamestown, along with Belvedere Capital and Angelo, Gordon & Co., bought a stake in the property in August 2013, joining its longtime owners -- billionaire Rubin Schron’s Cammeby’s International, and FBE Limited. The complex was already home to some artists, manufacturers, fashion designers and technology firms, such as the 3-D printer company MakerBot Industries. Flavor maker Virginia Dare Extract Co. has been at Bush Terminal since the beginning of the 20th century.

Artisanal Candy

The ownership group has done 850,000 square feet of leasing, including 300,000 square feet of previously underused space. Current tenants include a photo studio for furnishings retailer Crate & Barrel, artisanal candy makers Liddabit Sweets and Li-Lac Chocolates, and FilmRise, a film distribution and streaming service. A practice court is being constructed on a building rooftop for the Brooklyn Nets National Basketball Association team, which plays at downtown Brooklyn’s Barclays Center. 

http://www.bloomberg.com/news/articles/2015-03-09/brooklyn-s-industry-city-to-get-1-billion-modernization

Saturday, March 14, 2015

Update on the Amphitheater

Was in Coney today. Signs at the fence in front of the Childs building and all the way down to W. 23rd for the Seaside Park Arts Center. Hunter Roberts Construction Group listed on all the signs. So obviously they will be constructing the whole project - Amphitheater, Childs Building, and the new Seaside Park. Spring 2016 completion date. Great News!

Thanks to the Coney Island Blog for breaking the news.

The Manhattanization of the Brooklyn Real Estate Market

GlobeSt excerpt -

NEW YORK CITY—“Brooklyn is on fire, there are tenants for everything.” Those were the words of David Shorenstein, co-principal of Silvershore Properties Thursday during a panel discussion on the borough at the B’nai B'rith real estate division monthly luncheon in Midtown.

The group discussed Kings County’s renaissance but among the area’s commercial real estate experts, it’s clear that Brooklyn’s rise has been meteoric enough to now enter some new phases.  After all, if there are tenants for everything, what vacant space is left?

“There’s been a Manhattanization of the Brooklyn market,” asserted Christopher Havens, VP, commercial real estate, Aptsandlofts.com. “Brooklyn has this thing going on and everyone there thinks that they are part of it.”

http://www.globest.com/news/12_1065/newyork/development/Brooklyn-Too-Hot-to-Handle-356126-1.html

Friday, March 13, 2015

The Coney Island Blog named the construction firm for the Seaside Park Arts Center

Article and pics here -

http://www.theconeyislandblog.com/?p=1454

I noticed on the Hunter Roberts Construction Group website that they are the same firm that worked on Steeplechase Plaza behind MCU Park, by the Parachute Jump in Coney -

http://www.hrcg.com/my-product/steeplechase-plaza/

The CI Blog states completion by Spring 2016. The same completion date for the attached Amphitheater. I wonder if this firm will be working on all 3 aspects of the project - Childs Building, Amphitheater and New Seaside Park? I would assume so.........

The Gentrification of Brooklyn - Five Years Later

Brooklyn Daily excerpt -

“The Gentrification of Brooklyn Five Years Later” at the Brooklyn Historical Society [128 Pierrepont St. at Clinton Street in Brooklyn Heights, (718) 222–4111, www.brooklynhistory.org]. March 17 at 6:30 pm. Free. 

http://www.brooklyndaily.com/stories/2015/11/24-gentrification-brooklyn-discussion-2015-03-13-bk_2015_11.html

Go Brooklyn!!!!

Monday, March 9, 2015

Beautiful New Condo Complex for Manhattan Beach!

Excerpt from NYYimby -

104 West End Avenue, image by Zproekt

Most of Manhattan Beach is zoned only for single-family homes – which wealthy southern Brooklyners have taken to tearing down to replace with mega-homes, not unlike those in Gravesend and parts of Midwood – but on the far western edge of the neighborhood, on West End Avenue near Brighton Beach, there are parcels still zoned for mid-rise development.

One developer found a large piece of land at 104 West End Avenue, at the corner with Oceanview Avenue, and plans to erect a fairly large, six-story condo building on the site.

YIMBY’s got a rendering of the project, whose sometimes curvy façade combines masonry with floor-to-ceiling windows with protruding balconies.

“The design of the building reflects the ocean character [of] the surrounding environment,” writes Sheepshead Bay-based architect Zproekt, “while projecting the area into the future.” They’ve also taken into account the potential for flooding, with the at-grade commercial spaces protected against damage and the residential uses higher up, safe from rising waters.

http://newyorkyimby.com/2015/03/revealed-104-west-end-avenue-manhattan-beach.html

Saturday, March 7, 2015

Hotel proposed for $1B hipster industrial complex

Crains excerpt -

A partnership that bought a stake in the mixed-use industrial complex known as Industry City almost two years ago is expected to ask the city to give it the flexibility to build a hotel on the 32-acre site along the Sunset Park, Brooklyn, waterfront.

The request will be made Monday, when the group, a partnership among Jamestown, Belvedere Capital and Angelo Gordon, will announce that it plans to invest $1 billion to refurbish the sprawling facility. The redevelopment will create nearly 20,000 jobs in the area. The partnership will also ask the city to improve the surrounding neighborhood, including the Gowanus Expressway, which runs parallel to Industry City.

“We all want something to happen with the Gowanus Expressway,” said Carlo Scissura, president and CEO of the Brooklyn Chamber of Commerce, which will be hosting the Monday meeting at Industry City. “We would love Third Avenue to be brighter and safer and more bike-friendly.”

Mr. Scissura noted that a hotel at the site could become an important amenity as efforts continue to transform it into an office and manufacturing hub from a derelict compound used mostly for storage. 

http://www.crainsnewyork.com/article/20150306/REAL_ESTATE/150309889/hotel-proposed-for-1b-hipster-industrial-complex 

My response to the Coney Island Blog

In response to this post on Saving NYC
http://www.theconeyislandblog.com/?p=1433

I absolutely adore the gentrification of Brooklyn as we compete with Manhattan and gain our respect back as the 4th largest CITY in America! Barclays Center vs MSG! Coney Island vs Times Square! Bring on the chains. Bring in the hipsters. We will get our respect! It took 50 years for Coney to rebuild. A lot of preservationists want to keep Coney deserted 9 months a year. There is no stopping Brooklyn! I adore what is happening! It’s a fight we won’t lose………You all can look backwards. We are moving forward to compete with Manhattan! Times Square by the Sea baby!

Wednesday, March 4, 2015

Sunset Park - Brooklyn's development "rocket ship"

Commercial Observer excerpt -

“When Bed Bath & Beyond opens, that’s going to become a regional power center,” said Mr. King, who negotiated the lease. “It’s going to have a very beneficial impact.”

And eventually, it is likely the residential community will see dramatic changes due to the growth of office and manufacturing tenants.

“What’s really interesting about Sunset Park, or this part of Sunset Park, is that it is so close to really vibrant residential neighborhoods,” said Ms. Glen. “It’s really an opportunity for people to walk to work and create a neighborhood that has all these things happening in it.”

But one does not have to live in Sunset Park in order to access its growing number of amenities. It enjoys access to public transportation, including the R, D and N trains and the B63 bus line. Ferry service is expected to resume at the Brooklyn Army Terminal Pier on 58th Street in the neighborhood by 2017.

It is also all but guaranteed that Industry City will continue to evolve. The complex will unveil its long-term redevelopment plan for the property at a Brooklyn Chamber of Commerce event next week.

“For years, Brooklyn was an acceptable lower-cost alternative to Manhattan for both residents and businesses,” said Mr. Montvel-Cohen. “Now, it is a preferred destination for many. As long as people and businesses are attracted to the vibe and lifestyle, and there is space available to live and work, the creative economy will expand and drive growth, employment and activities in our neighborhoods as well.”

And in 10 years, the neighborhood may not be recognizable.

“There’s going to be a very dramatic change,” said Mr. King. “This development is going to accelerate change [and] we’re in the infancy of this change today. Sunset Park is a rocket ship that has been launched and will be moving into outer space over the next few years.”

http://commercialobserver.com/2015/03/brooklyns-sunset-park-comes-alive/

Monday, March 2, 2015

More on Shorecrest Towers

This marks the beginning of the yuppie and hipster migration to Southern Brooklyn.
 

NY Observer Excerpt -

The Shorecrest Towers at Trump Village, a complex of 880 units currently undergoing renovation in Coney Island—a waterfront neighborhood with yet-unproven high-end residential allure—where rents run from $1,500 for studios to $2,831 for three-bedrooms, makes its claim to luxury largely on the basis of moderately fine amenities, such as a shared fitness center and rooftop deck, stainless steel kitchen appliances and modern light fixtures lacking conspicuously in tony name brands. The intended effect seems to be to suggest sleek modern city living at a steep discount. (As of February, the average Brooklyn studio rents for $2,300, according to a report prepared by Douglas Elliman.)

http://observer.com/2015/02/with-luxury-for-all-a-term-once-used-to-denote-exclusivity-grows-bafflingly-common/

Brooklyn Soccer Stadium Possibilities

CapitalNY excerpt -

At the same time that the Cosmos are hoping to win development rights at Belmont, the New York City Football Club—the Major League Soccer joint venture of Manchester City Football Club owner Sheik Mansour bin Zayed al-Nahyan and the New York Yankees—is scouring the five boroughs for a site to build a soccer stadium of its own.

The group's original plans for a stadium in Flushing Meadows Corona Park fell apart amid concerns about the alienation of parkland for private purposes. A succeeding plan to build the arena near Yankee Stadium fell apart after the team failed to reach an agreement with a Bronx elevator company that would have had to relocate to make way for the sports facility.

Since the Bronx deal went bust, the team’s real estate plans have remained an open question.

“I’ve heard conversations about Sunset Park and about the Coney Island, Gravesend area,” said one Brooklyn official.

http://www.capitalnewyork.com/article/albany/2015/03/8563135/belmont-deliberations-drag-cosmos-reassess

Sunday, March 1, 2015

Thanks for the highest monthly visitorship ever on ConeyRocks

Incredible we got the highest monthly user numbers by far, in the middle of winter in the shortest month of the year - February.

Thanks everybody. Times Square by the Sea baby! That's a guarantee from ConeyRocks to you! Go Brooklyn!

Coney Island Beer Buzz from Albany

Albany Times Union excerpt -

Local beer buzz

Did you know Sam Adams brews some of its beer here?

In 2013, Shmaltz Brewing Co. of Clifton Park sold its Coney Island Brewing brand to Boston Beer Co., the maker of Sam Adams, for $2.9 million. 

For now, Shmaltz has been making the Coney Island beers for Boston Beer Co. at Clifton Park.

That will likely end with plans to move Coney Island Brewing to a small brewery and beer hall envisioned for Brooklyn later this year.

http://www.timesunion.com/tuplus-business/article/The-Buzz-6107622.php