Rendering of development. Image credit: HPD/Handel Architects LLP.

The mixed-use development will include affordable units, deployable food barriers, and retail frontage. On November 1, 2018, New York City’s Department of Housing Preservation and Development (HPD) announced that the start of construction of a block-sized development on Surf Avenue in Coney Island that will provide below-market-rate housing, retail, and office space to the community. The mixed-use development is projected to cost $253.9 million and will offer 446 affordable units, ranging from studios to two-bedrooms, to formerly homeless and low-income locals. The complex will have two other structures that will add approximately 500 more units of affordable housing, totaling nearly 1,000 units. The development is being led by HPD along with the Housing Development Corporation, BFC Partners, L+M Development Partners, and Taconic Investment Partners. (read more…)