PYE Properties and Gerner Kronick + Valcarcel Architects will again appear before New York City’s Landmarks Preservation Commission with proposals to expand and redevelop the historic Coney Island Shore Theatre for commercial use. Specific components would include a new hotel, a spa, and ground floor retail.
Local developer PYE Properties has revealed detailed plans to restore and expand the historic Coney Island Shore Theatre into a seven-story commercial venture. Originally completed in 1925, the landmarked property at 1301 Surf Avenue has reportedly sat vacant since 1973.
In an announcement from The Carlton Group, Managing Director Ruth Barone has successfully coordinated private financing of Seabreeze Tower in Coney Island. The $47.5 million financing package will facilitate construction of the 22-floor residential tower.
Construction is now underway on a Phase I of a sprawling, mixed-use development in Coney Island, Brooklyn. Located at 1709 Surf Avenue, the complex will eventually deliver 1,000 residential units, 150,000 square feet of retail space, and around 80,000 square feet of office area.
The first two buildings of Coney Island’s “Ocean Dreams” development appear to have topped-out as glass façades begin to rise on the beachfront structures. The highly anticipated project is expected to strengthen the city’s redevelopment initiatives across the neighborhood.