Catsimatidis considers targeting seniors for Coney Island development

John Catsimatidis and a rendering of the Coney Island proposal

As the CEO of the Gristedes supermarket chain John Catsimatidis ushers his “Ocean Dreams” proposal for the west end of the Coney Island boardwalk through public review, it’s becoming increasingly likely that he’ll market the development to middle-aged adults and seniors. According to the New York Post, Brooklyn Borough President Marty Markowitz said the development, which calls for three towers ranging from 14 to 22 stories, would be most successful if it attracted residents over the age of 55. Jay Segal, the attorney overseeing the Ocean Dreams’ proposal, said Catsimatidis was already strongly considering that option. As previously reported, Catsimatidis’ Red Apple Real Estate plans to bring 400 market-rate condos, 400 parking spaces, and 25,000 square feet of retail space to the 500,000-square-foot development. [Post]