The Real Deal New York

Posts Tagged ‘coney island’

  • Childs Restaurant

    Childs Restaurant

    The landmarked Childs Restaurant in Coney Island is going to be transformed into a 5,000-seat theater with city dollars offered up by Brooklyn’s outgoing borough president, Brownstoner reported. [more]

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  • Igor Oberman and Trump Village

    Igor Oberman and Trump Village

    A war is brewing between Trump Village residents and their co-op president, the New York Post reported.

    Residents of Trump Village in Coney Island allege Igor Oberman, a prosecutor for the city’s Taxi and Limousine Commission and a candidate for City Council, feuds with residents and then launches evictions proceedings against them. [more]

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  • Ruby Schron

    Real estate investor Ruby Schron has forked out $25 million to buy a 49,000-square-foot building at 532 Neptune Avenue near Coney Island, according to public records filed with the city today. But the notoriously low-key real estate mogul isn’t just looking to be closer to the Cyclone.

    Schron plans on tearing down a fence on the edge of the property and combining his latest acquisition with the adjacent Trump Village Shopping Center, which he has owned since the early 2000s, he told The Real Deal via a spokesperson. The three-story building he purchased has eight commercial units. Retailer Walgreens occupies the ground floor. [more]

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  • From left: MatchPoint NYC under construction, a rendering of the restaurant and developer Sergey Rybak

    A trio of Russian entrepreneurs is redeveloping a three-acre sports complex — slated to be the largest in Brooklyn — in the Coney Island section of Brooklyn, one of the developers told The Real Deal. MatchPoint NYC will provide nine indoor tennis courts; an Olympic-sized swimming pool; facilities for yoga, dance, fencing and gymnastics; as well as a restaurant and juice bar. [more]

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  • Jack Lund of the YMCA and a Manhattan Y location

    While not primarily known for its real estate, the YMCA is one of the city’s largest not-for-profit land owners and developers, with 22 locations in the Greater New York area. In 2013, its holdings are set to increase even further with the addition of two more facilities in neighborhoods hit hard by Hurricane Sandy – Coney Island and the Rockaways.

    The organization is set to open the two new facilities in 2013 as part of larger developments; both facilities will total more than 45,000 square feet, according to Jack Lund, president and CEO of the YMCA of Greater New York. [more]

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  • The Coney Island boardwalk

    One Brooklyn judge may have grown wary of preservation activists. Yesterday, Judge Martin Solomon judge scolded the lawyer for a non-profit organization suing to preserve the Coney Island boardwalk, saying he knew more about the storied Brooklyn attraction than the group, the New York Post reported.

    “You know, when they built this boardwalk 100 years ago, they didn’t envision cars on the boardwalk or hypodermic needles underneath it,” Solomon told the attorney for the group Friends of the Boardwalk, which seeks to keep the city’s Parks Department from replacing the wooden boardwalk with newer, plastic planks.

    The judge also noted that the U.S. Census Bureau has documented seven homeless New Yorkers who consider “under the boardwalk” their official address. [more]

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  • Coney Island makes pitch for Hooters

    August 28, 2012 10:00AM

    1223 Surf Avenue (credit: PropertyShark)

    One Brooklyn neighborhood’s trash is another’s treasure. The New York Daily News reported that a Coney Island landlord has actually reached out to restaurant chain Hooters in hopes of bringing it to the boardwalk just three months after a Park Slope landlord rejected the wing joint’s expression of interest in renting his property. What’s more: Whereas rumors of the chain’s interest sparked outrage in Park Slope, Coney Island officials are also working to lure the restaurant. [more]

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  • From left: Brooklyn Borough President Marty Markowitz and Childs Restaurant

    A new future for the landmarked Childs Restaurant on Coney Island could be in the works. NY1 reported that city officials are in talks to convert the long-vacant property into an entertainment venue.

    Brooklyn Borough President Marty Markowitz has sought to erect an amphitheater on Coney Island for his summer concert series, NY1 said. As previously reported, Markowitz’s plan for a $64 million amphitheater in Asser Levy Seaside Park sparked opposition due to space concerns. [more]

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  • NYC casino could get Silver’s support

    August 13, 2012 09:30AM

    Sheldon Silver

    For the last year Assembly Speaker Sheldon Silver has been one of the largest obstacles to a casino opening in New York City. According to the New York Daily News, Silver has softened his stance on gambling in the city, but still won’t stand for one in Manhattan. Acknowledging the revenue generating potential of such an attraction, a source close to Silver said the speaker is open to allowing a casino in a destination area rather than in densely populated parts of the city. [more]

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  • Coney Island boardwalk

    Despite a city-encouraged facelift and a jump in visitors, Coney Island is far from the Brooklyn version of Times Square that many feared it would become. So far, park patrons told the New York Times, Coney has strayed from becoming too sanitized and “Disneyfied.”

    As previously reported, the clean-up of Coney Island shed some of its gritty attractions for new rides and shops that attract tourists, family-friendly entertainment and new development. [more]

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  • Coney Island

    In a cleanup similar to that of Times Square two decades ago, Coney Island is shedding its seedy amusements for new tourist-attracting retail brands, G-rated entertainment and dreams of huge residential and commercial developments. According to Crain’s, Coney Island’s Luna Park saw 640,000 visitors last year, a number that hadn’t been reached since the Steeplechase Park closed in 1964. The annual Mermaid Parade attracted 750,000 people last month. [more]

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  • Thor scores Coney buildings

    April 02, 2012 04:30PM

    From left: Eldorado Auto Skooters, at 1216-1218 Surf Avenue and Joseph Sitt of Thor Equities

    Joseph Sitt’s Thor Equities has closed on the purchase of another set of parcels of land in Coney Island, Amusing the Zillion blog reported. The sale, for $4.5 million, included two buildings: the Eldorado Auto Skooters at 1216-1218 Surf Avenue, and the arcade at 1215 Bowery. The beloved bumper cars, also called the Eldorado Auto Skooters, may continue to operate for up to a year, according to other reports from ATZ. [more]

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  • Coney Island entrance plans unveiled

    March 27, 2012 05:30PM

    A rendering of the unveiled Coney Island entrance (credit: NYC Economic Development Corporation)

    City officials revealed a plan for a new entrance to Coney Island Beach during a Brooklyn Community Board 13 economic development committee meeting yesterday, the New York Post reported. [more]

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  • Tom’s Restaurant, the Prospect Heights, Brooklyn favorite has signed a lease for space on the Coney Island boardwalk with Zamperla USA, the Italian outfit in charge of re-vamping the boardwalk, the New York Daily News reported.

    In a reversal, Zamperla is not just courting Brooklyn staples such as Tom’s, but asking long-time Coney Island mainstays Ruby’s Bar and Paul’s Daughter, who it had previously worked to evict, to stay put. Previously, the Coney Island operator had planned to cede control over boardwalk leasing to a Miami Beach hotel and restaurant group, which drew criticism from local businesses and residents. Tom’s, the Lola Star boutique, and the Coney Island Beach Shop all signed eight-year leases with Zamperla this past Friday, the News said.
    [more]

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    From left: Ruby’s Bar and Grill and Paul’s Daughter

    A handful of the beloved, longtime Coney Island boardwalk businesses expected to be shut down in favor of newer attractions at the end of the month got a surprise dose of new life. According to the New York Post, Ruby’s Bar and Grill and Paul’s Daughter are likely to be offered new leases by the same developer that gave them the boot.

    The American arm of Italy-based Zamperla, which the Bloomberg administration has given a 10-year lease to improve the boardwalk, had tapped a Miami Beach to replace seven storefronts and operate four sit-down restaurants in a $5 million renovated rendition of the amusement strip…. [more]

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  • The city is moving forward with its plans to replace the wood from
    most of Riegelmann’s Boardwalk in Coney Island with cement or a
    synthetic material, the Brooklyn Paper reported. Once the Public
    Design Commission approves the plan later this month, the New York
    Department of Parks & Recreation plans to first replace the wood with
    concrete on the Boardwalk between Coney Island Avenue and Brighton
    15th Street in Brighton Beach. Eventually, the only section that would
    remain wooden are four blocks between West 10th and West 15th streets…. [more]

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    The Steeple Chase ride at Coney Island’s Scream Zone

    Central Amusement International, the firm behind the redevelopment of the old Coney Island amusement park, has had two profitable years from the $25 million it spent to build Luna Park and Scream Zone, and plans to spend an additional $5 million to build up the final 60,000-square-foot lot it leased from the city by next summer, Crain’s reported. Central Amusement, a subsidiary of Italian ride manufacturer Zamperla, will also upgrade the Cyclone and much of the retail along the boardwalk, to the dismay of old-timers.
    The firm pays $100,000 in rent to the city per year in a lease through 2020, and also relinquishes a percentage of its revenues to the city…. [more]

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  • The company that recently opened Coney Island’s new Luna Park and Scream Zone is one of 12 firms bidding to become the new operator of the Westchester County-owned Rye Playland, the New York Post reported. Zamperla subsidiary Central Amusement International’s $30 million proposal would include many popular Luna Park rides such as the Air Race, the Electro Spin and aerial-swinging Lynn’s Trapeze. … [more]

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  • Top: the new Coney’s Cones; Bottom: the Coney Island Boardwalk

    Ruby’s Bar and Grill, Cha Cha’s, Paul’s Daughter, Kris Greg’s Beer House, Gyro Corner, Beer Island, Coney Island Souvenirs: when the last traces of this summer season melt away, by the end of October, these down-trodden temples of high-caloric American capitalism, which line Coney Island’s famous Boardwalk between Luna Park and Deno’s Wonder Wheel, will pass away with them.
    Last year, the seven concession areas negotiated a one-year reprieve from Zamperla, the Italian rides manufacturer and operator that is overseeing the transformation of Coney Island (their eighth cohort, Shoot the Freak, which completed the so-called “Coney Island Eight,” has already been razed). And when they vanish, the Boardwalk, as we have known it for the past half century or more, will be changed beyond recognition.
    Already, however, as reported on NY1 Tuesday, a new eatery named Coney’s Cones is set to open on the Boardwalk, rising over the ghosts of the one concession that did not take the one-year extension. The new Coney’s Cones is nothing to write home about. … [more]

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  • Four Coney Island furniture shops rendered outliers when the city rezoned Surf Avenue two years ago are finally shutting down. According to the Brooklyn Paper, all four stores — Coney Island Furniture, Lago Furniture, Astroland Furniture and Home Décor on the Surf — put up signs this week advertising liquidation sales. The Bloomberg administration began requiring “entertainment-related retail” on the strip two years ago as part of its effort to transform Coney Island into a tourism mecca, and said last year that it would investigate whether that meant the furniture stores were illegal. … [more]

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