Coney Islanders wait to see what will come of Horace Bullard’s real estate

TRD New York /
Apr.April 24, 2013 02:30 PM

Coney Island residents are waiting to see what will become of the late Horace Bullard’s real estate holdings, which include some of the neighborhood’s most prized properties, such as the Shore Theater and the Thunderbolt and Playland Arcade site, the Brooklyn Daily reported.

Locals accused Bullard, who died earlier this month of Lou Gehrig’s Disease, of delaying development of These Surf Avenue properties, which are currently on the market for a total of $102 million. Now their question is whether his daughter and heir, Jasmine, will go ahead with a redevelopment of the properties or slash their prices for a speedy sale.

Jasmine told the Daily it’s too soon to say what she’ll do with her father’s holdings.

Though she said she wants to honor her father by carrying his Coney Island renewal plan forward, she added that she has no ready plans for building them out or listing them.

The landmarked Shore Theater is asking $12 million, whereas the combined Playland and Thunderbolt plots — the latter of which housed the famed Thunderbolt roller coaster — want $90 million.

Despite these properties, Coney Island is seeing some activity now. There’s a sports complex redevelopment in the works, a planned mall expansion and city funding for Child’s Restaurant. [Brooklyn Daily]Zachary Kussin


Related Articles

arrow_forward_ios
Starrett lands more than $77M in state loans for Coney Island resi project

Starrett lands more than $77M in state loans for Coney Island resi project

Glenwood’s return: Luxe developer and political kingmaker breaks into affordable housing

Glenwood’s return: Luxe developer and political kingmaker breaks into affordable housing

Sergey Rybak and 271 Sea Breeze Avenue

Rybak lands $48M loan for Coney Island project

John Catsimatidis: I’m “taming” Coney Island

John Catsimatidis: I’m “taming” Coney Island

Coney Island Hospital moves forward with $738M renovation plan

Coney Island Hospital moves forward with $738M renovation plan

Thor Equities just put a huge Coney Island assemblage on the market

Thor Equities just put a huge Coney Island assemblage on the market

Coney Island, Act 3: Can the seaside enclave finally overcome its seasonal status?

Coney Island, Act 3: Can the seaside enclave finally overcome its seasonal status?

Gambino condo family? Former heroin pusher plans Coney Island resi project

Gambino condo family? Former heroin pusher plans Coney Island resi project

arrow_forward_ios