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

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. 

No comments: