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

Friday, April 15, 2016

iStar files plans for 9 story residential bullding next to the Amphitheater

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 Buildings.

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.

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