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

Wednesday, July 27, 2016

AMNY - Coney Island residents seeing big changes as real estate booms

AM NY excerpts -

“The good times are here,” said Eddie Mark, the district manager of the local Community Board 13, who has lived in the neighborhood for 21 years. “Businesses, investors and franchises want to come to the neighborhood and I think things like that show that we’re on an upswing.”

To improve the lives of current residents, the city invested $137 million in 2009, under the Coney Island Strategic Plan, to repair the area’s roads and sewer system. In 2014, Mayor Bill de Blasio gave another $180 million under his Housing New York plan for additional infrastructure improvements in the area.

Meanwhile, several chain restaurants moved into Coney, such as Wahlburgers, which opened last year at 3015 Stillwell Ave., and IHOP, expected to open in October at 1019 Surf Ave.

 Also coming to Coney Island is a residential and retail project called Neptune/Sixth, being developed by Cammeby’s.

Half of it will be a seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road, set to open in the summer of 2017. Retailers will include a pharmacy, restaurants, a bank, according to a Cammeby’s spokesperson. 

The second half of the project is a residential tower at 32 Neptune Ave., which will be the tallest building in Brooklyn at 40 stories high and is slated for completion in the next two to three years.

 Along with the Neptune/Sixth project, several other apartment buildings are under construction, including 2856-2858 Stillwell Ave., which will have 60 apartments and is expected to open by October of this year.

Newcomers are flocking to the neighborhood since rental and home prices are currently less expensive than in other parts of Brooklyn, according to Dave Maundrell, executive vice president of Brooklyn new developments at Citi Habitats.

“A lot of people have moved to Coney Island because it’s more affordable,” he said. “And everything is getting better down there. It’s going in the right direction, but there’s a long way to go.”

Saturday, July 23, 2016

College Baseball at MCU Park - March to May

A bit late with this info, but still good for 2017! :)  A friend informed me that NYU has about 30 baseball games at MCU Park every year. These are usually during the day. Some weekend games. Tickets are only $5

Great use of the ballpark during the Spring before the Cyclones take over in June.

Last spring's NYU game schedule is here

Friday, July 22, 2016

NBC Premier Boxing Champions in Coney

Buy Tickets 

August 21 / 5pm 

On Sale Now 

Premier Boxing Champions 

Errol Spence Jr. v. Leonard Bundu
Undefeated rising star Errol “The Truth” Spence Jr. (20-0, 17 KOs) will take on once-beaten contender Leonard “The Lion” Bundu (33-1-2, 12 KOs) in a 12-round welterweight world title eliminator that headlines Premier Boxing Champions (PBC) on NBC Sunday, August 21 from Ford Amphitheater at Coney Island Boardwalk in Brooklyn.

First Annual Coney Island Busker Festival

Wednesday, July 20, 2016

Boat Sales Business coming to Sheepshead Bay

NY Yimby excerpt -

An anonymous Brooklyn-based LLC has filed applications for a two-story, 21,000-square-foot commercial building at 2433 Knapp Street, located along the Plumb Beach Channel in far-eastern Sheepshead Bay. The structure will house a boat sales business with interior space to showcase eight vessels. The facility will also have off-street parking for 54 cars. Not specified is whether the project will include a dock, but since it’s located along the water, one would hardly be surprising. Steven Schneider’s New Jersey-based Schneider Associates is the architect of record.

Sunday, July 17, 2016

iStar plans 565 residential units in Coney. Rivals Schron's 576 unit 42 story building

From iStar's website 
Coney Island 

Location: Coney Island, NY
Units Available: 565
Type: Waterfront
5.5 acres 

As a catalyst for residential development, iStar is developing a ~5,000-seat covered outdoor amphitheater, restoring the historic Childs Building as a restaurant/event facility with rooftop bar, and building out a one-acre Michael Van Valkenburgh Public Park.

The park will include graded walking paths, shaded picnic areas, a sloped sunning lawn and a children’s playground. Once the amphitheater and park have been created, we intend to build one million square feet of housing on our neighboring Bath Site.

Update: According to the Commercial Observer -

the group (iStar) ultimately wants to create about 1,000 units of housing, according to Martin Cottingham, a principal at Avison Young, who served as an adviser to the group for the amphitheater project. 

Friday, July 15, 2016

Marty states MCU Park started Coney revitalization

Commercial Observer excerpt -

Some, like former Borough President Marty Markowitz, will tell you the neighborhood’s revitalization is already in full swing, starting when the Brooklyn Cyclones began playing there in 2001 at the new KeySpan Park (now MCU Park). 

“In my opinion, it was the spark,” Markowitz told Commercial Observer. “It certainly proved that you could attract people from the region to Coney Island again with the right attraction and if they felt comfortable.” 

Billboard - Ford Amphitheater

Excerpt -

“When you can take a cultural institution and set it down in a derelict neighborhood, often that’s the catalyst for a rebirth,” says Frey. “The amphitheater is going to help anchor that end of the boardwalk. Just wait till you see what it looks like in three or four years.”

Wednesday, July 13, 2016

Neptune Sixth Tower and Retail Development

Commercial Observer excerpt -

Most notable is Cammeby’s International’s projects at 532 Neptune Avenue and 626 Sheepshead Bay Road. Cammeby’s already owns or manages more than 2,000 rental units in Coney Island and surrounding neighborhoods. The planned residential tower at 532 Neptune Avenue will rise 42 stories, becoming the tallest in Coney Island, and will have 576 market-rate rental apartments, according to a spokeswoman for the company. (The tower is an as-of-right project and therefore wouldn’t be mandated to include affordable housing, like Catsimatidis’ properties may for extra height.)

Cammeby's International's 626 Sheepshead Bay Road rendering (Rendering: S9 Architecture).
Cammeby’s International’s 626 Sheepshead Bay Road rendering (Rendering: S9 Architecture).

Cammeby’s hopes to start constructing the tower, which will also include about 90,000 square feet of retail at its base, by the end of this year. The second building at 626 Sheepshead Bay Road will be an office and retail structure featuring 161,000 square feet of space across seven stories. Cammeby’s is targeting medical offices and law firms for the office section and has already started building the property. Winick Realty Group will be handling leasing for retail and office at both buildings. The project also includes 800 parking spaces. 

“While many other areas of Brooklyn have experienced a construction boom over the past several years, there has been little new development activity in Coney Island,” the spokeswoman for Cammeby’s said in an email. “With an increase in recent investment along the boardwalk meant to make Coney Island a year-round destination—including the new amphitheater—Cammeby’s sees an opportunity to deliver a new high-quality mixed-use development that will complement the unique culture and character of Coney Island and address the demand for new commercial and housing options.” 

Tuesday, July 12, 2016

Sheepshead Bay - Here Come The Chains!

Bay News excerpts -

The way is paved for chain stores.

Landlords along a boarded-up section of Sheepshead Bay Road are intentionally keeping storefronts empty while they wait for big-name retailers to come knocking, a real estate watcher said. The area is in the midst of a massive residential development boom that includes a 28-story condo on nearby Voorhies Avenue, and it’s only a matter of time before nationally known coffee houses and faux-Mexican joints move in, an expert said.

“The supply of residential pushes the demand for commercial — banks, pharmacies, food chains, Starbucks, Chipotle,” said Aliaksandr Svetlakou of Cushman and Wakefield. “Some of the people they are waiting to secure that kind of thing … something with a lease guaranteed by a corporation with a minimum 10 years. That area is very hot right now — they want to play the cards right.”

Dozens of multi-family apartments are under construction in the neighborhood, including four projects six stories or higher within a five-minute walk of the half-shuttered main street, an investigation by this paper showed earlier this year.

Saturday, July 9, 2016

Brooklyn Real Estate Prices Set New Record excerpts -

Brooklyn real estate is getting expensive at an unprecedented rate, and different sections of the borough are increasing more rapidly than others, according to a report released Thursday.

The new report from Brown Harris Stevens showed that records have been set for both the average and median Brooklyn apartment prices during the second quarter of 2016, with apartments in central Brooklyn increasing the most.

The same trend was true to a lesser extent in south Brooklyn. Neighborhoods such as Bay Ridge, Midwood and Gravesend saw apartment prices rise 13 percent, on average, and townhome prices increase 10 percent, the report added. 

Miniature Golf Coming Back to Coney

There is a new miniature golf course under construction on W 12th St between Surf Ave and the boardwalk. Looks very similar to the old mini-golf course that was on Stillwell Ave a few years back. I believe the property is owned by Thor Equities, as it has a Coney Arts Walls sign/ad hanging on the fence.

Target Coming to Kings Highway!

Commercial Observer excerpt -

Target has signed a deal to open a new location in the Midwood section of Brooklyn.
The retailer took 38,081 square feet for a store at 1715 East 13th Street between Avenue R and Kings Highway, according to property records filed with the city. The big-box store’s lease is for 10 years with two five-year renewal options. 

The site is currently a 300-car parking garage owned by Infinity Real Estate and Nightingale Properties, according to The Real Deal, which first reported news of the deal. The owners have yet to file plans to redevelop the site, TRD noted. The buyers picked up the property in August 2014 for $7.7 million, property records indicate.

Friday, July 8, 2016

Chipotle Coming to Coney Island!

On Cropsey Ave right across the street from Parkview Diner. Right off the Belt

Coming November this year

Friday, July 1, 2016

Ready To Rock!!/httpImage/image.jpg_gen/derivatives/mugshot_231/image.jpg

Marty got the credit he so rightfully deserves

Crains excerpt -

Then, at the ceremony later that morning, Markowitz found himself singled out by Mayor Bill de Blasio, who praised Markowitz first in his remarks:

"Now, we always invoke the phrase, 'Success has many mothers and fathers.' ... But in this case I want to call out a father in particular because there was a visionary born in Brooklyn years ago. And if you watched him in his time as borough president, you know, you sometimes were tempted to say, ‘Is that idea actually ever going to happen?’ ... But there is a place in this world for sheer force of will, and for vision, and for love of your borough, and your people. So, my dear friends, let’s thank Marty Markowitz...

"Marty, you kept coming back year after year with those wonderful concerts. And you wanted something even more. So, I hope today you’re feeling an incredible satisfaction that your dream came true. Congratulations."