Proposed Coney Island complex has 461 units and outdoor pool with ocean views

Posted On Tue, December 8, 2020 By

Posted On Tue, December 8, 2020 By In Coney Island, New Developments, Rentals

Renderings courtesy of LCOR

Real estate developer LCOR last week filed plans with the city to bring a 461-unit residential project to Coney Island. Located about a block from the beach and boardwalk at 1515 Surf Avenue, the proposed 16-story development will rise on the parking lot of Gargiulo’s Restaurant, a 100-year-old neighborhood staple. Gargiulo’s owner Louis Russo agreed to a 99-year ground lease for the lot late last year.

Plans filed with the Department of Buildings call for a 16-story 461-unit mixed-use building, with 139 of the units designated affordable. Recently released renderings show a sizable amount of ground-floor retail space, as well as a number of apartments with balconies.

LCOR has tapped STUDIO V Architecture to design the project, which will offer residents a unique package of amenities, including an ocean-facing outdoor pool, roof deck, flex co-working spaces, an indoor basketball and handball court, tenant lounges, fitness center, and over 20,000 square feet of outdoor space.

In addition to the amenities, other perks include its prime beachfront location, stretching between Surf Avenue and Mermaid Avenue and West 15th and West 16th Streets. Coney Island’s historic boardwalk, amusement rides, outdoor art exhibit, and eateries like Nathan’s Famous are all found just across the street.

“We are excited about contributing to the Coney Island community,” Anthony Tortora, LCOR’s Senior Vice President, said in a press release. “While most think of Coney Island as a summertime destination, we are seeing more and more New Yorkers who want to live near the beach year-round with amenities that encourage leisure and wellness activities, both indoors and outdoors.”


View of 1515 Surf Avenue; Courtesy of Ace Aerial

Because it’s located within the Coney Island Special District, the parking lot is zoned R7A and R7X. The city approved the rezoning of Coney Island in 2009, which allowed for more residential buildings and retail space along the southern end of Surf Avenue.

Gargiulo’s Restaurant will not be affected by the project and will remain open and operational during construction, the developer said.  “Our family is happy to welcome LCOR to Coney Island,” Russo said. “LCOR is incorporating the best features of classic Coney Island with modern facilities that meet the needs of a full-time population.”

The proposed project adds to the neighborhood’s development boom as developers bank on turning Coney Island into more of a year-round community.

John Catsimatidis’ luxury development Ocean Drive opened in January. The complex includes two, 21-story residential buildings, designed to resemble the ritzy towers of Miami Beach, as 6sqft previously reported. At nearby 1709 Surf Avenue, Taconic Investment Partners and the Prusik Group are constructing a mixed-use building that will hold 1,000 apartments and 80,000 square feet of office space. And Cammeby’s International Group plans on bringing a 40-story residential tower to 532 Neptune Avenue, which could be the tallest building in South Brooklyn.

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Renderings courtesy of LCOR; Aerial of site courtesy of Ace Aerial

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Neighborhoods : Coney Island

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