Proto Property Services has filed a rezoning application to expand its developments in Coney Island, highlighting a significant investment in affordable housing amidst competitive land use.
The proposed 17-story building, Ocean Queen, will contribute 415 affordable housing units, community space for a daycare and retail space, and thereby enhance Coney Island’s housing landscape.
Coney Island is attracting developers due to its ocean proximity and low land prices, yet its future housing landscape may depend on the success of casino development in the area.
The ongoing development efforts, alongside significant projects by BFC Partners and Tredway, indicate a strong push towards affordable housing solutions for the local community.
#coney-island #affordable-housing #real-estate-development #proto-property-services #casino-development
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