BFC Partners has obtained a $250 million construction loan to continue developing the Surf Ave. affordable multi-use complex in Coney Island. The project consists of three buildings, totaling 1,242 units. The upcoming third phase will introduce a 420-unit building, which includes commercial space of nearly 11,000 square feet and community space of nearly 10,000 square feet. The complex is anticipated to be completed in 2028, complementing the previously built 822 units of affordable housing. Additionally, there are potential disruptions to the Sunset Park wind power project due to Trump's permit freeze order.
BFC Partners has secured a $250 million construction loan to advance its three-building, 1,242-unit Surf Ave. affordable multi-use complex in Coney Island.
The project includes a new 420-unit building, which will be the third and final phase, featuring nearly 11,000 square feet of commercial space.
Completion of the complex is expected in 2028, adding to the already existing 822 units of affordable housing.
There are concerns that Trump's order to freeze offshore wind permits may impact the progress of the massive Sunset Park wind power project.
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