Image via Wiki Commons
Since taking over operations of Luna Park in 2010, Central Amuseument International (CAI) has had a big hand in the transformation of the neighborhood, and that will continue to increase. Following a Request for Proposals (RFP) last June, the MTA has just announced that CAI Foods—a subsidiary of CAI—will lead a retail conversion of Coney Island’s iconic Stillwell Avenue Terminal Complex. CAI will take over nine of the 11 retail units in the Complex, turning the largest into “Rcade,” an arcade with a restaurant, bar, and coffee shop that will be open year-round. The remaining units will be subleased on a seasonal basis.