Commercial Observer excerpt -
Perhaps most intriguing is a 16.8-acre site in Coney Island at 2731 West 12th Street, which is jammed between the Belt Parkway and the Coney Island Creek. Palmese and a C&W team are selling the property for energy company National Grid. The site has 1.47 million buildable square feet. While Coney Island has started to see some more entertainment-related projects and larger multifamily buildings, many investors are holding onto their properties with plans for massive development, as CO previously reported.
This site could yield a mega-development in the future, Palmese envisioned. “It was a plant for them,” he said. “It was demolished and cleaned up. The site is big enough…for a ball club or soccer club.”