Renderings have been revealed for the next phase of construction on Neptune/Sixth, an expanding mixed-use community at at 532 Neptune Avenue in the heart of Coney Island. Designed by Zproekt Architecture and developed by Cammeby’s International Group and Rybak Development, the next phase will see the completion of three individual towers comprising a mix of apartments, amenities, ground-floor commercial space, community facilities, and 535 parking spaces. The three towers are set above a two-story podium that spans the entire length of the development. Components within these levels include over 40,000 square feet of commercial space and nearly 21,000 square feet of community facilities.
Positioned above the commercial podium is a sprawling amenity deck with an outdoor pool, amble seating, light landscaping, and an illuminated running track that winds a quarter mile around the three towers. Additional outdoor amenities will include a roof deck and picnic areas.
Inside the property, residents will also have access to a fitness center, saunas, and a basketball court. All together, the amenity component accounts for roughly 95,000 square feet.
The residential volume across all three towers will comprise 758,600 square feet. This includes 499 rental units ranging from studios up to three-bedroom floor plans. Thirty percent of available homes will be designated for affordable households.
“We’re incredibly proud to be a part of the next phase of the Neptune/Sixth development project as we bring 532 Neptune Ave. to fruition in the coming months and years ahead,” said Sergey Rybak, president at Rybak Development. “The forthcoming community will offer residents a beautiful environmentally conscious place to live within the already vibrant Coney Island neighborhood and will include the best in modern amenities including ample green space and unique outdoor activation.”
Demolition of an existing shopping center at 532 Neptune Avenue is already underway. After approximately four years of construction, the building is expected to open by May 2026.
As part of the larger redevelopment, previous phases of Neptune/Sixth include 626 Sheepshead Bay Road, a seven-story retail and commercial property that is already complete.
“We’re incredibly excited to embark on the next phase of the Neptune/Sixth redevelopment and look forward to bringing another vibrant community hub and destination to the Coney Island neighborhood,” said Nathan Tondow, director of marketing at Cammeby’s. “Alongside our project partner Rybak Development, we’re confident that 532 Neptune Avenue will not only offer an incredible modern living experience for future residents but serve as a dynamic and magnetic retail environment for the entire surrounding region.”