With a rash of new development and attractions, can the seaside enclave finally overcome its seasonal status?
The famed Luna Park reopened in 2010 after being shuttered for decades.
Coney Island has been transforming itself for more than a century. In 1903, its most famed amusement park opened and ushered in a heyday that would run for decades. But by the turn of the millennium, the seaside enclave was a shell of itself — a run-down backwater with large swaths of vacant land and rickety rides.
Over the last decade, however, the city has invested millions to revitalize it. And developers have followed suit with a spate of residential and commercial projects now rising or on the drawing board.
The team behind Essex Crossing — the Lower East Side megaproject — has a similarly sized development in Coney Island, for example. And billionaire John Catsimatidis is building a mixed-use complex that will include a trolley line to a subway station about a mile away.
Meanwhile, Ruby Schron’s Cammeby’s International is planning a 430-foot-tall rental on Neptune Avenue that will be the tallest tower in southern Brooklyn. The firm is also building a retail and office complex, which is already 50 percent leased up. And the list goes on: PYE Properties revealed renderings in June for the hotel it’s planning (complete with a spa and banquet hall) in Coney Island’s Shore Theater.
While prices are rising, sources say the area is underserved on the retail front. What’s more, there still aren’t “a lot of the mid- to large-sized contemporary condos that we see getting built in nearby Brighton Beach and Sheepshe新爱上海同城对对碰论坛