LCOR

February 7, 2024

Leasing launches at 100% electric Coney Island rental with ocean and amusement park views

Leasing has launched at New York City's first multi-family geothermal project. Developed by LCOR and designed by STUDIO V Architecture, 1515 Surf Avenue is a 100 percent electric two-tower development steps from the beach in Coney Island. The property contains 463 apartments, 324 of which are priced at the market rate and the rest designated as affordable. The unique development offers a mix of one- and two-bedroom apartments, and a selection of penthouses, as well as an impressive suite of amenities with up-close views of the Atlantic Ocean and the famous Riegelmann Boardwalk.
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January 16, 2024

139 beachfront apartments available in Coney Island, from $1,640/month

About a block from the Atlantic Ocean and the world-famous Riegelmann Boardwalk, a new Coney Island rental has opened a lottery for 139 mixed-income apartments. Located at 1515 Surf Avenue, the 16-story development is the city's first multi-family geothermal project, meaning it uses the Earth to heat and cool the building instead of fossil fuels. New Yorkers earning 80 and 130 percent of the area median income, or between $60,069 for a single person and $198,250 for a household of five, can apply for the apartments, ranging from $1,640/month one-bedrooms to $3,013/month two-bedrooms.
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May 25, 2023

NYC’s first multi-family geothermal project tops out in Coney Island

New York City's first multi-family geothermal project has topped out in Coney Island. The residential development at 1515 Surf Avenue will include 463 apartments, of which 139 will be designated as affordable. The building's geothermal system will use the Earth to heat and cool the property and power its water systems, eliminating the need for equipment that would run on fossil fuels.
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July 11, 2022

Hoboken approves transit-oriented mixed-use project on the waterfront

After 15 years of delays, the plan to revitalize the southern end of the Hoboken waterfront is officially moving ahead. Mayor Ravi Bhalla on Thursday signed a redevelopment agreement that paves the way forward for Hoboken Connect, a mixed-use development that includes new office space, housing, and public open space near the transit hub Hoboken Terminal.
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March 16, 2022

See new looks for the massive mixed-use ‘transit-oriented’ project headed to the Hoboken waterfront

After 16 years of deliberation, plans to revitalize Hoboken's waterfront are moving forward. New Jersey Transit, the City of Hoboken, and developer LCOR on Wednesday released new renderings of Hoboken Connect, a mixed-use transit project that aims to bring major investments to the city. The development will include a 20-story office building with retail, a 389-unit residential property with 20 percent of the units affordable, public open space, and the renovation of transit infrastructure and buildings like the historic Lackawanna Terminal. The project is currently under review by the city and is pending redevelopment agreement approvals, which could be decided next month.
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December 8, 2020

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

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.
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