In the summer of 2015, iStar Financial and Coney Island USA received the green light to begin renovation work on the dilapidated three-story, 56,300 square-foot Childs Building, an individual landmark, at 3052 West 21st Street, on Coney Island. The building will be anchored by a restaurant but will also have community space and a rooftop terrace. An interconnected 5,000-seat amphitheater is also planned on the adjacent lot. The New York Times now reports construction is finally underway on both the Childs Building and the performance venue, and the amphitheater’s metal framework can be seen taking shape. The complex is expected to be complete later this year. The developer are leasing the land from the city through a 10-year contract.
The city is moving forward with plans to seize multiple Coney Island waterfront properties along the amusement park’s Boardwalk, New York Post reports. The properties will total 75,000 square feet. 60,000 square feet of vacant land will be acquired between West 15th and 16th streets, where the old Thunderbolt roller coaster once stood, another vacant tract of land between West 22nd and 23rd streets will change hands, and, finally, a 9,000-square-foot amusement shop at West 12th Street is targeted. The Parks Department will build a long-planned esplanade connecting the park’s existing attractions at the Thunderbolt site, in addition to building new attractions. In the process, infrastructure work will occur in order for mixed-use developments to rise within the surrounding neighborhood. The eminent domain actions are expected to take a year.
Chris Lynch, of Queens-based Storage Deluxe, has filed applications for a seven-story, 157,424 square-foot storage facility at 3024 Cropsey Avenue, on Coney Island, five blocks from the Stillwell Avenue D/F/N/Q stop. The facility will be equipped with six loading berths, according to the Schedule A, and Virginia-based Butz Wilbern LTD is the applicant of record. Existing industrial structures must first be demolished.
In August, YIMBY revealed the first renderings for 532 Neptune Avenue, the 41-story residential tower set to replace Trump Village Shopping Center in Coney Island. Now we have a look at the retail portion of the development at 626 Sheepshead Bay Road, which is across the street from the big development site at Neptune Avenue and West 6th Street.
Coney Island’s housing market struggled in the years following Hurricane Sandy, but the last six months have brought plans for an 86-unit building on West 15th Street and the controversial 40-story tower at Trump Village.