The Real Deal New York

Talks come to a halt over $1B redevelopment proposal for Nassau Coliseum area

May 07, 2018 04:05PM

Onexim Sports and Entertainment, the company that has the ground lease for the property around the Nassau Coliseum, dropped talks with Blumenfeld Development Group over its proposal for a $1 billion redevelopment of the area. Onexim said it now wants to review potential plans from other companies. Blumenfeld, of Syosset, hoped to build 1.7 million square feet of entertainment, rental housing, recreation and technology buildings in the 61 acres around the coliseum. [LIBN]