Public comments focus on affordable housing and concerns over likelihood of development in the area. On May 6, 2009, the City Planning Commission heard extensive testimony regarding the comprehensive rezoning proposal for Coney Island. The proposal would establish a new Special Coney Island District to guide redevelopment and revitalization of 19 blocks bounded by Mermaid Avenue to the north, the Riegelmann Boardwalk to the south, West 24th Street to the west, and the New York … <Read More>
Announcement comes about three months after Thor Equities failed to close on the same parcel. On October 15, 2008, the NYC Economic Development Corporation announced that it entered into a property acquisition agreement with Ward Realty Corp. for the purchase of a one-acre site in the amusement core of Coney Island, Brooklyn. The site, located within the nine-acre area that the City has designated to be parkland, is the current home of the Wonder Wheel … <Read More>
Ever since Lynn Kelly was appointed President of the Coney Island Development Corporation [CIDC] last year, she knew that time was of the essence. Her mission: restore Coney Island to its former prominence, and do it quickly, or lose the opportunity forever.
Kelly, a former Deputy Director of the City’s Art Commission, joined the New York City Economic Development Corporation in 2001. Over the next six years, she managed a portfolio of development projects and … <Read More>
Planned parkland shrinks; developers get more opportunities for enclosed amusements. On April 17, 2008, the City revised its comprehensive plan to redevelop a 47-acre area of the Coney Island peninsula, after holding its public scoping meeting two months earlier.
Initiated by the Department of City Planning and the New York City Economic Development Corporation, the plan covers 19 blocks of the neighborhood, stretching from the New York Aquarium to West 24th Street, and from Mermaid … <Read More>
First unsubsidized project built in Coney Island in past 50 years gets Commission approval. Coney Island developer, David Weisz & Sons, sought to rezone five lots along Surf Avenue and Coney Island Beach to allow the construction of two seven-story residential condominium towers with 313 market-rate units to be called Ocean Dreams. When compiled, the five lots would comprise a 133,843-square-foot development site stretching from West 35th to West 37th Streets along the Riegelmann Boardwalk.… <Read More>