"One of the key sites in the city's broader Coney Island effort is a publicly owned lot on Surf Avenue between West 21st and West 22nd Streets. The New York City Economic Development Corporation has tapped RYBAK Development to turn that stretch into a major mixed-income complex. According to NYCEDC, the Surf Avenue plan calls for hundreds of apartments and a new parking structure that would replace the existing surface lots currently used for public parking."
"Just down the avenue, the Neptune/Sixth redevelopment at 532 Neptune Avenue is already in motion, with developers Cammeby's and RYBAK teaming up on a multi-building complex that has secured construction financing and approvals. New York YIMBY has reported that the Neptune plan features a cluster of towers and roughly 499 rental units as part of a larger, amenity-heavy development on the site."
"These towers are part of a larger push to revive Coney Island West, an initiative city officials say will bring thousands of new homes, repairs to the famous boardwalk and upgrades to public spaces. In its pitch, NYCEDC has framed housing on city-owned parcels as a way to create mixed-income communities."
Two major development projects are transforming Coney Island's waterfront with approximately 700 new apartments. RYBAK Development is building a mixed-income complex on a publicly owned Surf Avenue lot that will include hundreds of apartments and a parking structure replacing existing surface lots. Simultaneously, developers Cammeby's and RYBAK are constructing the Neptune/Sixth redevelopment at 532 Neptune Avenue, featuring multiple towers with roughly 499 rental units and extensive amenities. These projects are part of the city's larger Coney Island West revival initiative, which aims to create mixed-income communities, repair the boardwalk, and upgrade public spaces. Construction on the Surf Avenue project is expected to begin around 2027 and conclude by 2030.
Read at Hoodline
Unable to calculate read time
Collection
[
|
...
]