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

Monday, May 30, 2016

Brownstoner - The Insider’s Guide to Brooklyn’s Best Beaches

Excerpt -

This historic seaside play land stretches from the Brighton Beach boardwalk down to the Sea Gate Beach Club, with interesting attractions arriving each year. The latest addition is a 5,000-seat, open-air amphitheater, which boasts arching white beams and soaring white canvas panels — think catamaran in the sky. Ziggy Marley will kick off this brand-new venue’s inaugural concert season on June 25.

Starealty developer talks construction boom in Sheepshead Bay

Sheepshead Bites excerpt -

Levko said he scooped up the properties because he saw an opportunity to get in on the construction boom taking place in southern Brooklyn.

“In the next four or five years, this area is going to change dramatically,” he explained. “Everyone wants to be here.”

He said the neighborhood is attracting a younger crowd who are being priced out of Manhattan and some of the gentrifying neighborhood in northern Brooklyn. The neighborhood, with its waterfront restaurants, clubs and bars also has a lot to offer newcomers, he said.

“It’s more family friendly, there’s less crime, and the streets are cleaner than neighborhoods like Bed-Stuy or Bushwick,” he said. “We have everything. Anything you want to put your finger on, it’s better here.”

Monday, May 2, 2016

Sheepshead Bay Condos rumor

Brooklyn Daily excerpt -

Developers are salivating over a strip of restaurants on Emmons Avenue’s waterfront, but property owners say a sale is off the table.

A trio of investors wants to gobble up a swath of the shoreline between E. 27th and E. 29th streets to build condos, the consortium’s surrogate told one unimpressed property owner.

“He tells me these people have $700 million and they’re buying all of Sheepshead Bay,” said Bobby Guarino, whose family collectively owns the building Il Fornetto occupies. “He said they want to buy everything from Il Fornetto to Stella Maris. We ain’t selling.”

The offer is more than a rumor, one area real estate broker said.

“I’m not denying what you’re saying,” said Allan Profeta of Premiere Properties, who refused to comment further citing client confidentiality. “Maybe down the road we’ll talk about it.”

The stretch in question includes three restaurants, a yacht club, a bait shop, and an empty lot — all zoned for residences up to four stories.

A new wave of immigrant developers has been hungrily eyeing that stretch of Emmons Avenue for some time, another insider said.