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

Friday, December 16, 2016

New Year's Eve

Brooklyn Daily Eagle excerpt -

Building off of the success of last year’s expanded Coney Island festivities, which were attended by more than 15,000 revelers, Adams announced that the Abe Stark Skating Rink, B&B Carousell, Deno’s Wonder Wheel and Thunderbolt roller coaster will be open and free of charge starting at 6 p.m. on New Year’s Eve. The New York Aquarium will have special extended hours of operations until 9 p.m. Additional Coney Island dining and entertainment options that will open special for this holiday celebration include Applebee’s, Coney Island Brewery, Coney Island USA, El Dorado Bumper Cars, Nathan’s Famous, Tom’s Restaurant, Wahlburgers and White Castle. Additional partners on his celebration in Coney Island include state Sen. Diane J. Savino, state Assemblymember Pamela Harris, Brooklyn Community Board 13, Luna Park, NYC Parks and NYPD. 

“I’m so excited to celebrate New Year’s Eve amongst family, friends and community members in Coney Island,” said Harris. “There’s sure to be no better place to welcome in the New Year than among New Yorkers who share the same enthusiasm, traditions and understanding of the importance of this area. I’m thrilled to support this event and hope to see many of you among the fireworks, games and festivities!”

https://www.brooklyneagle.com/articles/2016/12/15/bp-adams-announces-2017-one-brooklyn-nye-celebrations

Thursday, December 8, 2016

Friday, November 18, 2016

Apple Bank Signs Retail Lease At Cammeby’s Neptune/Sixth In Coney Island

Press Release - 

Bank Becomes Latest Retailer for New Mixed-Use Neighborhood Destination


Cammeby’s today announced that Apple Bank for Savings has recently signed a lease to become the latest retailer at Neptune/Sixth, Cammeby’s new mixed-use neighborhood destination at 532 Neptune Avenue and 626 Sheepshead Bay Road in Coney Island.


The lease will enable Apple Bank to continue servicing the Coney Island community, where it has had a presence for several years. Currently, Apple Bank is occupying temporary space at 532 Neptune Avenue while its new space within Neptune/Sixth – totaling approximately 2,800 square feet at the corner of Neptune Avenue and W. 5th Street – is being constructed. 


The lease comes on the heels of Cammeby’s announcement that CVS Pharmacy has also committed to ground-floor retail space at 532 Neptune Avenue within Neptune/Sixth. Both CVS and Apple Bank had previously been tenants of the former shopping center property that Neptune/Sixth will encompass.


“We’re thrilled that Apple Bank has decided to be part of the revitalized neighborhood we’re creating at Neptune/Sixth,” stated Jacob Cohen, Executive Vice President of Development at Cammeby’s.“This lease is further validation of our original vision for this project as a modern, high-quality community development that will provide residents with a variety of important services to meet their daily needs.”


In addition to Apple Bank and CVS, Neptune/Sixth is planned to house a diverse mix of services and retail options, while adding new amenities that the community can use and share, including ample parking. The development will also feature brand new office space for a variety of businesses.


Construction on the development’s first phase – a standalone seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road – is underway, and is expected to be completed by summer 2017. Site work for the retail at Neptune Avenue – comprising 90,000 square feet – has also recently commenced.


“As a result of the commitment by both Cammeby’s and Apple Bank to working together, we were able to orchestrate a lease agreement that ensures Apple Bank’s ability to provide uninterrupted service to the Coney Island community throughout construction on Neptune/Sixth,” stated Lee Block, executive vice president at Winick Realty Group, the exclusive retail leasing agent for Neptune/Sixth.

 “This has historically been a very successful branch for Apple Bank and we’re very pleased to retain such a valuable business for the neighborhood.” 


Designed by New York-based S9 Architecture, Neptune/Sixth is the comprehensive redevelopment of the former Trump Village Shopping Center and Royal Palace Baths. For more information, visit www.neptunesixth.com


About Cammeby's

Founded in 1967 by Rubin Schron, Cammeby's is a privately held real estate company with a portfolio of office, residential and industrial real estate assets throughout 14 states. The company is headquartered in New York City and manages its business through operating platforms, each focused on a specific real estate asset class.


Bank Becomes Latest Retailer for New Mixed-Use Neighborhood Destination
Cammeby’s today announced that Apple Bank for Savings has recently signed a lease to become the latest retailer at Neptune/Sixth, Cammeby’s new mixed-use neighborhood destination at 532 Neptune Avenue and 626 Sheepshead Bay Road in Coney Island.
The lease will enable Apple Bank to continue servicing the Coney Island community, where it has had a presence for several years. Currently, Apple Bank is occupying temporary space at 532 Neptune Avenue while its new space within Neptune/Sixth – totaling approximately 2,800 square feet at the corner of Neptune Avenue and W. 5th Street – is being constructed.
The lease comes on the heels of Cammeby’s announcement that CVS Pharmacy has also committed to ground-floor retail space at 532 Neptune Avenue within Neptune/Sixth. Both CVS and Apple Bank had previously been tenants of the former shopping center property that Neptune/Sixth will encompass.
“We’re thrilled that Apple Bank has decided to be part of the revitalized neighborhood we’re creating at Neptune/Sixth,” stated Jacob Cohen, Executive Vice President of Development at Cammeby’s. “This lease is further validation of our original vision for this project as a modern, high-quality community development that will provide residents with a variety of important services to meet their daily needs.”
In addition to Apple Bank and CVS, Neptune/Sixth is planned to house a diverse mix of services and retail options, while adding new amenities that the community can use and share, including ample parking. The development will also feature brand new office space for a variety of businesses.
Construction on the development’s first phase – a standalone seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road – is underway, and is expected to be completed by summer 2017. Site work for the retail at Neptune Avenue – comprising 90,000 square feet – has also recently commenced.
“As a result of the commitment by both Cammeby’s and Apple Bank to working together, we were able to orchestrate a lease agreement that ensures Apple Bank’s ability to provide uninterrupted service to the Coney Island community throughout construction on Neptune/Sixth,” stated Lee Block, executive vice president at Winick Realty Group, the exclusive retail leasing agent for Neptune/Sixth. “This has historically been a very successful branch for Apple Bank and we’re very pleased to retain such a valuable business for the neighborhood.”
Designed by New York-based S9 Architecture, Neptune/Sixth is the comprehensive redevelopment of the former Trump Village Shopping Center and Royal Palace Baths. For more information, visit www.neptunesixth.com.

About Cammeby's
Founded in 1967 by Rubin Schron, Cammeby's is a privately held real estate company with a portfolio of office, residential and industrial real estate assets throughout 14 states. The company is headquartered in New York City and manages its business through operating platforms, each focused on a specific real estate asset class.
- See more at: http://newyork.citybizlist.com/article/387879/apple-bank-signs-retail-lease-at-cammebys-neptunesixth-in-coney-island#sthash.DIDIJtUu.dpuf

Wednesday, November 16, 2016

Big Apple Soccer - BROOKLYN BOUND? Cosmos may wind up at MCU Park in '17

Excerpt - 

Ten days ago on Saturday, Nov. 5 the Cosmos won a North American Soccer League semifinal playoff game at Shuart Stadium in Hempstead, N.Y. on Long Island.

Two days ago on Sunday, Nov. 13 they celebrated winning their second consecutive Soccer Bowl triumph and third in four years at Belson Stadium in Queens, N.Y.

And sometime next April, they could be playing their first game of the 2017 season at MCU Park in Brooklyn, N.Y.

The Cosmos are leaning closer to selecting the minor-league baseball park as their 2017 home field, according to local soccer sources. The Brooklyn Cyclones call MCU home.

No final decision has been made yet, a source said.

After Hofstra University officials told the Cosmos that they were not interested in hosting games next year, the team was forced to look for a new venue. Local options of finding a medium-sized stadium in the metropolitan area are slim and none.


http://www.bigapplesoccer.com/teams/cosmos2.php?article_id=46496

Tuesday, October 18, 2016

Cosmos in Coney

Fifty Five One Excerpt -

Additionally, a source confirms that there are serious negotiations in progress for a move to MCU stadium for 2017. 

http://fiftyfive.one/2016/10/hofstra-ruled-nasl-exploring-options-soccer-bowl-final-site/


Monday, October 17, 2016

Neptune/Sixth - 4 Phases of Development

From Neptune/Sixth Website -














Phase 1
626 Sheepshead Bay Road
161,000 SF of Retail/Office/Medical/Parking
Phase 2
Neptune Avenue at West 5th Street
70,000 SF of Retail with Rooftop Parking
Phase 3
Neptune Avenue at West 6th Street
95,000 SF of Retail/Community Facility/Parking
Phase 4
Neptune Avenue at West 6th Street
575 Residential Units with Parking Garage

http://neptunesixth.com/

Saturday, October 15, 2016

New Aquarium update

From the Aquarium picture blog -



The installation of the precast concrete panels is almost complete on the Ocean Wonders: Sharks! exterior. The next major milestone will be the installation of the steel framework that will eventually hold the building’s Shimmer Wall a beautiful piece of kinetic artwork which will span 1,100 feet and wrap the outside of the building with 30,000 movable aluminum tiles.

https://newsroom.wcs.org/Home/NY-Aquarium-Picture-Blog.aspx

Wednesday, October 12, 2016

Big Tent over Trump Village Shopping Center this winter

Bay News excerpt-

Utility company National Grid, under state oversight, plans to excavate enough toxic dirt to fill up two Olympic-sized swimming pools from the lot near the corner of Neptune Avenue and W. Fifth Street before developers can build a new retail center and 41-story tower there.

A gas-manufacturing plant occupied the site at the turn of the 20th century, leaving the land laden with coal tar, cyanide, and a host of nasty stuff.

Officials plan to start excavation in January, when frigid air keeps foul smells at bay and most people don’t leave their windows open, but even with the cold air and the tent, neighbors may smell something funky once work begins, Cross said. A little stank is par for the course, but dangerous levels of airborne toxicants would make the nabe smell so bad that it would be impossible to miss them and not sound the alarm before someone gets hurt, he said.

“The thing to remember is it stinks to high heaven. It smells really bad, so it’s hard to get exposed to a dangerous level,” Cross said.

Plus there will be inspectors on site whose sole job is to keep their noses to the ground and stop work if things get dangerous, he said.

Cross is encouraging locals to drop a dime if the reek gets out of hand.

http://www.brooklyndaily.com/stories/2016/42/bn-tent-for-trump-cleanup-2016-10-14-bk.html

Crains - iStar invests in Coney

Excerpt -

Those plans are likely to include Concern for Independent Living and Georgica Green Ventures. The companies hope to eventually build as many as 400 affordable, supportive and market-rate apartments on the same block between Surf Avenue and the Boardwalk, and West 20th and West 21st streets. The block could end up with six additional buildings on parcels all owned—for now—by iStar.

http://www.crainsnewyork.com/article/20161012/REAL_ESTATE/161019966/manhattan-based-real-estate-investment-trust-invests-in-coney-island

Tuesday, October 11, 2016

Amphitheater - Childs Restaurant Building

NY1 excerpt -

Work also has begun inside to create a restaurant and event space. The 19 foot arched windows look out onto the amusement district. The bar is 92 feet long and features 64 taps for beer. When completed, the restaurant will hold about 450 people for seated events. A new name for the restaurant and its menu is still being decided but event-planning is coming along.

"We'll start with gospel brunch programs on the weekend with live music with special menus to suit that audience. We see comedy nights to be able to be done here on Saturday night comedy," Stone said.

There's also the rooftop lounge overlooking the beach and boardwalk which opened late last season that will be back as well as a new musical lineup.

The restaurant is expected to open about the same time concert season gets underway, late spring next year.

http://www.ny1.com/nyc/all-boroughs/news/2016/10/11/coney-island-amphitheater-restaurant-space.html

Sunday, October 2, 2016

Sheepshead - 3 blocks from the train

NY Yimby excerpt - 

Seven-Story, 16-Unit Mixed-Use Building Filed At 2735 East 13th Street, Sheepshead Bay


Property owner Eddie Yair, doing business as an anonymous Brooklyn-based LLC, has filed applications for a seven-story, 16-unit mixed-use building at 2735 East 13th Street, located on the corner of Shore Parkway in southern Sheepshead Bay. The project will measure 22,016 square feet. It will include 7,511 square feet of community facility space on the second and third floors, followed by residential units, averaging 807 square feet apiece, on the floors above. The apartments will likely be rentals. Eran A. Birnbaum’s Brooklyn-based architecture firm is the architect of record.

http://newyorkyimby.com/2016/09/seven-story-16-unit-mixed-use-building-filed-at-2735-east-13th-street-sheepshead-bay.html

Shell Road near Neptune

Looks like Rybak has its sights on another property

NY Yimby Excerpt -

An anonymous Brooklyn-based LLC has filed applications for a seven-story, 13,827-square-foot mixed-use commercial building at 2916 Shell Road, on Coney Island. There will be 8,919 square feet of commercial-warehouse space across the ground through fifth floors, followed by 2,350 square feet of medical offices on the sixth and seventh floors. Yevgeniy Rybak’s Brooklyn-based Rybak Architects is the architect of record.

http://newyorkyimby.com/2016/09/seven-story-13800-square-foot-mixed-use-commercial-project-coming-to-2916-shell-road-coney-island.html

Commercial Observer - Neptune/Sixth

Excerpt-

CVS to Reopen at Base of What Will Become Coney Island’s Tallest Tower

Rejoice, Coney Island residents! Your local CVS/pharmacy will return.

CVS has signed a new 11,300-square-foot lease at 532 Neptune Avenue—a planned 42-story residential building and retail structure that will replace Trump Village Shopping Center, which currently houses the drugstore.
 
The pharmacy will occupy a portion of the retail section of the planned 576-unit building between West 5th and West 6th Streets, which will be Coney Island’s tallest tower at 430 feet, landlord Cammeby’s International announced Wednesday.   

https://commercialobserver.com/2016/09/cvs-to-reopen-at-base-of-what-will-become-coney-islands-tallest-tower/

Friday, September 30, 2016

CVS - First retail tenant for NeptuneSixth!

Brooklyn Eagle excerpt -


A new retail/residential development currently under construction in Coney Island is starting to attract commercial tenants, according to the property developer.


Cammeby’s International Group, the real estate firm handling Neptune/Sixth, a new mixed-use development going up at 532 Neptune Ave. and 626 Sheepshead Bay Road, announced on Sept. 28 that CVS Pharmacy has signed a lease to occupy a portion of the retail space at 532 Neptune Ave.

Under the lease, CVS Pharmacy will occupy approximately 11,300 square feet of ground-floor retail space in the building.

Until the space is ready, the pharmacy will be temporarily located at the corner of Neptune Avenue and West Sixth Street.

“As a community-oriented development, Neptune/Sixth aims to enhance the area by creating more modern accommodations for existing businesses — like CVS — as well as for new retailers that will add to Coney Island’s vitality,” Jacob Cohen of Cammeby’s said in a statement.

Neptune/Sixth is a redevelopment of the former Trump Village Shopping Center and Royal Palace Baths. The new development will house a variety of services and retail options, while adding new amenities like parking, according to Cammeby’s.

Construction on the development’s first phase, a seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road, is underway and is expected to be completed by the summer of 2017.

Cammeby’s expects to begin work for the retail portion of the Neptune Avenue site this fall.

Winick Realty Group has been retained as the exclusive retail leasing agent for Neptune/Sixth. The Lawrence Group is overseeing leasing for the development’s office space. 

At 40 stories, the Neptune Avenue building will be the tallest structure in Coney Island.

https://www.brooklyneagle.com/articles/2016/9/29/cvs-coming-neptunesixth-coney-island

Wednesday, September 28, 2016

2701 Emmons Ave property sold for $12 million

Sure to become another luxury condo, as it is about the same price that El Greco sold for -

Commercial Observer excerpt- 

Rubin Schron’s Cammeby’s International and Kings County-based landlord Renaissance Realty Group have sold an office building at 2701 Emmons Avenue near the waterfront in the Sheepshead Bay section of Brooklyn for $12 million.

The partnership sold the structure between East 27th and East 28th Streets on Sept. 20 to an LLC called 2701 Emmons Avenue Project, which is operated by Elliot Meisenberg, city records published today indicate. The one-story office building is home to a Personal-Touch Home Health Services medical center.

https://commercialobserver.com/2016/09/cammebys-and-partner-sell-brooklyn-waterfront-office-building-for-12m/


Saturday, September 24, 2016

16.8-acre site in Coney Island at 2731 West 12th Street - "The site is big enough…for a ball club or soccer club.”

 Commercial Observer excerpt -

Perhaps most intriguing is a 16.8-acre site in Coney Island at 2731 West 12th Street, which is jammed between the Belt Parkway and the Coney Island Creek. Palmese and a C&W team are selling the property for energy company National Grid. The site has 1.47 million buildable square feet. While Coney Island has started to see some more entertainment-related projects and larger multifamily buildings, many investors are holding onto their properties with plans for massive development, as CO previously reported. 

This site could yield a mega-development in the future, Palmese envisioned. “It was a plant for them,” he said. “It was demolished and cleaned up. The site is big enough…for a ball club or soccer club.”



Sunday, September 18, 2016

Sunday Times Real Estate - Second article in a month for Sheepshead Bay

Excerpt - Real Estate | The High End 

Transformation on Brooklyn’s Southern Shore

  When Hurricane Sandy lashed the New York coastline and drowned neighborhoods like Sheepshead Bay, Brooklyn, there was some chatter about retreating from the waterfront.

But four years later, volatile weather and the ever-present threat of another storm surge has not deterred developers in this former fishing village, where a 28-story condominium is rising on a street once deluged by floodwater. A few blocks away, on a restaurant-lined avenue facing the waterfront, a seven-story commercial and residential development, with a rooftop deck and pool, is also under construction.

The projects are hallmarks of a building boom in Sheepshead Bay, an oft-overlooked neighborhood on Brooklyn’s southern shore. Now home to many émigrés from the former Soviet Union, as well as growing Turkish and Chinese populations, the neighborhood offers numerous dining options and convenient beach access, at prices below those of Brooklyn’s brownstone and hipster belt.
“You’re seeing a really dramatic transformation,” said Krishna Rao, an economist for the listing website StreetEasy.com.


Home prices are edging up. The median asking price for apartments in the neighborhood rose to $320,000 for the year to date through Aug. 10 from $299,000 during the same period a year ago, according StreetEasy. Median asking rents rose to $1,797 a month from $1,600. 

http://www.nytimes.com/2016/09/18/realestate/transformation-on-brooklyns-southern-shore.html?ref=realestate

Friday, September 16, 2016

Your Cosmos Country Needs You – No Sleep ‘Til Brooklyn

This is Cosmos Country excerpt -

With rumors of the club’s move to Brooklyn at a fever pitch in recent weeks, we can skip right to the fun part. Let’s suppose the final hurdles are cleared, and immediately following our final Fall Season game on October 29, the club calls a press conference to let the world (or at least, you know, the soccer world) know that the Cosmos will have a new address in the spring, and it WILL be MCU Park.

That gives the ‘Mos about five months to build awareness and ensure the move was a good idea. Ultimately, the  decision to move from Hofstra will almost certainly be made without much say-so from the marketing department, through a number of factors beyond their control. But it will be on them to make it awesome.

Hello Brooklyn, How You Doin’?

http://www.thisiscosmoscountry.com/opinion/your-cosmos-country-needs-you-no-sleep-til-brooklyn/

Surf Vets Place will have both market rate and affordable housing

Also ground floor retail 

NY Yimby excerpt -

The rendering also depicts plans for three more buildings, two of which are high-rise towers. New building applications haven’t been filed for those. The entire complex, which will eventually also contain market-rate apartments, has been dubbed Surf Vets Place.

2002 Surf Avenue

 http://newyorkyimby.com/2016/09/reveal-for-nine-story-135-unit-mixed-use-affordable-building-at-2002-surf-avenue-coney-island.html

Tuesday, September 13, 2016

New Ocean Ave residential building

NY Yimby excerpt -

An anonymous Bayside-based LLC has filed applications for a six-story, 20-unit residential building at 2499 Ocean Avenue, in Sheepshead Bay. The project will measure 16,267 square feet, which means its residential units should average 813 square feet apiece. Amenities are to include a recreation room, a 10-car garage, bike storage, laundry facilities, and private residential storage space. It’s unclear if the apartments will be rentals or condominiums. 

http://newyorkyimby.com/2016/09/six-story-20-unit-residential-building-filed-at-2499-ocean-avenue-sheepshead-bay.html

Friday, September 2, 2016

NY Times - High-End Condos for the Merely Affluent

Excerpt -

In Sheepshead Bay, Brooklyn, Rybak Development expects to nudge up the neighborhood average with the VUE, a 58-unit condo at 1809 Emmons Avenue where prices range from $535,000 for a one-bedroom to $1.7 million for a penthouse.

David Fernandez, an agent with the Corcoran Group who has worked with Rybak on several nearby projects that have set neighborhood records, admitted that “people from the neighborhood think that these prices are ridiculous.” But not buyers coming from rentals in Downtown Brooklyn, Carroll Gardens and Park Slope, who have been showing up in increasing numbers.

“People didn’t really know what Sheepshead Bay was, but now we’re seeing a lot of priced-out people discovering that quality of life here really isn’t bad,” Mr. Fernandez said. As of late July, 90 percent of the building was already in contract, although online sales hadn’t started yet; the last two buildings he worked on with the developer sold out in four months.

http://www.nytimes.com/2016/09/04/realestate/high-end-condos-for-the-merely-affluent.html?_r=0

Fastest selling condo in Brooklyn this year

Real Estate Weekly excerpt -

Number two on the fastest-selling condo list this year was 3041 Ocean Avenue, a condo building located in Sheepshead Bay, near the southern tip of Brooklyn. Developed by the Rybak Company, the nine-story condo building features an indoor parking garage, bike storage, a fitness center, and 24- hour doorman. Of the 40 units in the building, 38 have been sold this year, at an average of $725,888 per unit.

http://rew-online.com/2016/08/26/the-fastest-selling-condos-in-brooklyn-so-far-this-year/

NY Post - Woody Allen’s new movie will film in Coney Island

Excerpt -

Woody Allen’s new movie, starring Kate Winslet and Justin Timberlake, will start filming on Coney Island on Sept. 15, sources exclusively tell Page Six.

While the director famously keeps the details of his upcoming projects secret, we’re told the film, which also stars Juno Temple and James Belushi, will be set on 1950s Coney Island.

http://pagesix.com/2016/09/01/woody-allens-new-movie-will-film-on-coney-island/