The Real Deal New York

DII inks two leases at Cammeby’s
Coney Island project

Deals follow legal battles over another development nearby
March 23, 2017 10:35AM

Rubin Schron and 626 Sheepshead Bay Road Rendering (Credit: S9 Architecture via CO)

Discount clothing chain DII has inked two new leases at Rubin Schron’s Cammeby’s International’s new Coney Island development.

The department store is taking 11,600 square feet at 626 Sheepshead Bay Road and will serve as the anchor tenant at the seven-story office and retail building, the Commercial Observer reported. The store will take another 4,900 square feet on the third floor of the building for its offices.

It’s been a bumpy road for Cammeby’s and DII, who haven’t always seen eye-to-eye on the new development.

DII, which currently operates a store at 532 Neptune Avenue, filed a lawsuit against the developer last year, claiming that Cammeby’s violated the terms of its lease by trying to kick the store out of its location. Cammeby’s plans to demolish the store’s building to make way for a 42-story residential tower.

“DII is an important part of the Coney Island community, so we’re extremely happy that they will remain a permanent fixture by serving as the anchor tenant,” Jacob Cohen, executive vice president of development at Cammeby’s, said in a statement. “The company will also bring its corporate offices to the property, providing employees with a new, modern work environment.” [CO] — Kathryn Brenzel