Real Deal excerpt -
Real estate lending and development firm iStar filed plans Friday for
a new nine-story supportive housing project rising next to the Coney
Island boardwalk – part of larger ambitions the firm has in store for
the historic beachfront site.
The 135-unit development will span nearly 107,000 square feet at 2002
Surf Avenue and include nearly 8,000 square feet of commercial space,
according to permit applications filed with the city’s Department of
iStar leased the property from the city’s Economic Development
Corporation last year, according to records, and the residential
development will rise next to a new 5,000-seat amphitheater and waterfront restaurant that iStar is currently constructing at the landmarked Childs Restaurant site in Coney Island.