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Rainbow Shops

Rainbow Shops in Thor Equities Retail Ride of a Lifetime building in Coney Island. May 3, 2014. Photo © Tricia Vita via flickr

Last June, Rainbow Shops, a retail chain featuring discount clothing and shoes, opened on the Stillwell Avenue side of Thor Equities’ “Retail Ride of a Lifetime” Building across the street from Nathan’s Famous. At the end of October, Rainbow closed and was emptied out, but now they’re baa-ack with sun hats and flip flops galore. The Bloomberg administration’s 2009 rezoning of Coney Island’s amusement area allows accessory retail on the block where Shoot Out the Star and other games once amused in the demolished Henderson Building and where they would no longer be able to afford the rent.

Founded in 1935 and headquartered in Brooklyn, Rainbow Shops and sister brands have over 1,000 locations and join a slew of chains and franchises leasing space in the new Coney Island, including It’Sugar, Applebee’s, Johnny Rockets, Burger-Fi and Subway Cafe.

Thor Equities

Flipflops galore at Rainbow Shops in Thor Equities Retail Ride of a Lifetime building in the New Coney Island. May 3, 2014. Photo © Tricia Vita via flickr

Meanwhile, the dummy “ARCADE” next door to Rainbow Shop remains as vacant as ever. Thor’s retail building continues to flaunt two ARCADE signs but no arcades, despite the fact that 15% of amusement frontage was required by zoning regulations to obtain the Certificate of Occupancy from the City. ATZ wrote about this sham in June 2013 and again in October 2013. We tweeted about it last week.

Apparently having an ARCADE sign is fine with the City’s Department of Planning and Department of Buildings as long as the space is not occupied by say a chain store? Aww, don’t be cynical. The Funny Face, Steeplechase Park’s ubiquitous symbol of merriment, smiles down from the marquee. As the sign atop the building says: “Thor Equities and Brooklyn Welcome You to Coney Island!”

DUMMY ARCADE

DUMMY ARCADE sign on Thor Equities Retail Building where THERE IS NO ARCADE. Stillwell Avenue, Coney Island. May 3, 204. Photo © Tricia Vita/me-myself-i via flickr

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March 17, 2014: Will Rides Return to Thor Equities Vacant Lots in Coney Island?

October 17, 2013: The New Coney Island: Thor Equities Vacant Lots, Dummy Arcades

June 18, 2013: Thor’s Coney Island: Shoe Store Invades Amusement Area

December 19, 2012: Will Coney Island’s Surf Ave Become a Mecca for Franchises?

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Thor's Coney Island

Thor’s Coney Island: Aerial view of vacant lots on south side of the Bowery between W 12th and W 15th where amusements once thrived. July 7, 2013. Photo © Tricia Vita

Thor Equities’ huge vacant lots on Stillwell Avenue in the heart of Coney Island were cleaned up over the weekend and two different sources say rides are coming. The news is unconfirmed and it’s hard not to be skeptical considering the history of what’s been here since Joe Sitt acquired the land and began evicting longtime ride and park operators in 2006. But everybody — or almost everybody– wants to see the property activated instead of sadly sitting vacant (and yes, that is a pun). If temporary rides are in the stars for Thor’s Coney Island this season, let’s hope it works out this time. Despite various amusement operators efforts to negotiate lease deals, the lots remained vacant in 2010 and again last year, when a stop-work order was issued on a permit for “temporary parking for the amusement district.”

Ring of Fire

Geren Rides’ Ring of Fire on Stillwell Ave in Coney Island, July 5, 2008. Photo © Tricia Vita

A little history in case you weren’t around to experience the drama: In October 2006, eight amusement businesses, including Norman Kaufman’s Batting Range and Go Kart City and Eddie Miranda’s Zipper, which inspired the film Zipper, received notice from new property owner Thor Equities to be out by the end of the year. On Memorial Day Weekend 2008, Joe Sitt proclaimed “The Summer of Hope” and filled the reviled empty lots on Stillwell with carnival rides from Reithoffer Shows and Geren Rides for a limited run. Hope died when the rides left in mid-July and were replaced by a couple of inflatable bounces.

inflatable bouncer

After the carnival left: Batman and Cinderella’s Castle inflatable bounces on Thor’s vacant lot in Coney Island. August 8, 2008. Photo © Tricia Vita

Skeptics said the amusements were a ruse in the lead-up to the Coney Island Rezoning of 2009. At the time, Sitt and the City were at a standoff in negotiations over a compromise plan that would reduce the acreage of the amusement zone and allow high-rise hotels on the south side of Surf Avenue.

Cobra Ride

The Cobra was among the flat rides at Cha Cha’s Steeplechase Park on Stillwell Avenue. June 23, 2012. Photo © Tricia Vita

Failed flea markets made a mockery of the rezoning in 2009 and 2011. “Festival by the Sea” and the “BK Festival” were granted City permits as a “temporary fair” because a flea market is not a permitted use on this property in Coney Island. Clever, huh? In 2012, rides, games and sideshows returned to Thor’s Stillwell lots for the first time since 2008. As a critic of flea markets on land where the Tornado roller coaster (1927-1977) and the Bobsled (1941-1974) had once thrilled, we were happy to see the BK Festival and Thor Equities take this new direction.

Among the rides were the Cobra, which amusement park blogger The DOD3 describes as White Trash Carny Ride #7. “Every Cobra I’ve been on looks like it’s stuck in a 70s timewarp but they all give wonderfully intense rides,” he writes. Other WTCRs on his list are the Skydiver (#1), the Zipper (#3) and the Trabant (#9), all of which Coney used to have. A Trabant was one of the rides at Dreamland, a temporary park on the former Astroland site in 2009.

BK Festival: Giant Slide on Stillwell Avenue West. April 8, 2012. Photo © me-myself-i/Tricia Vita via flickr

There were problems at the Stillwell Avenue park from the get-go. Originally set to open on Memorial Day Weekend 2012, the park was not able to open till four weeks later. A Giant Slide and Zipline never opened at all. Filing of paperwork with City agencies and bureaucratic red tape was blamed for the delay. City permitting issues relating to fencing closed the park intermittently and irregular hours had some visitors asking if and when it was open. The Mega Whirl, a prototype ride that combined the thrill of the Whip and the Tilt-A-Whirl debuted here and its abandoned platform remains on the lot, a symbol of financial ruin and broken dreams.

MegaWhirl Ride in Coney Island

MegaWhirl Ride and Zipline on Stillwell Avenue in Coney Island. November 11, 2012. Photo © Tricia Vita via flickr

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March 11, 2014: Thor’s Coney Island: BurgerFi, Arcade Coming to Stillwell & Surf

March 10, 2014: High Hopes for Coney Island’s New Thunderbolt Coaster

October 17, 2013: The New Coney Island: Thor Equities Vacant Lots, Dummy Arcades

March 3, 2010: Thor’s Coney Island: What Stillwell Looked Like Before Joe Sitt

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Arcade Sign

Arcade Sign, Thor Equities Building at Surf and Stillwell in Coney Island, July 23, 2013. Photo © Tricia Vita

At the Alliance for Coney Island Gala last Thursday, ATZ stopped by Thor Equities’ table to network. Seriously, it was a great opportunity to find out the answer to a question that’s been on our mind since last season. Will there be arcade machines in Thor’s retail building this year? The building has gorgeously lit, expensive signage for two arcades where there’s nothing but “Retail Space for Lease” signs. As we’ve noted previously, it makes a mockery of the City’s 2009 rezoning requiring a percentage of amusements on the property. The dummy arcades are our pet peeve.

Good news! Glenn Vogel, Director of Leasing for Thor Equities told ATZ that one of the two arcades had been leased and will open for business this spring. The reason the arcades were not previously leased, despite many inquiries, was that Thor wanted to put something new and different in the space, Vogel explained. We promised to be the first one there to play on the arcade’s opening day!

BurgerFi

BurgerFi Cheeseburger. Photo via BurgerFi Facebook

The other piece of news that Vogel was able to confirm is the rumor that’s been floating around Coney Island that BurgerFi is coming to the Stillwell Avenue side of Thor’s building. The Delray Beach, Florida-based burger and hot dog chain has reportedly leased the vacant store between Brooklyn Rock and the Brooklyn Nets, which will put them right across the street from Nathan’s and around the corner from a Johnny Rockets. Thor’s building’s roof deck, which hasn’t been used with the exception of a private party last summer, is part of the deal.

Launched in 2011, BurgerFi now has 62 locations, including franchisees. According to their franchising FAQs:

Our natural burgers are a healthful, wholesome and guilt free indulgence made from fresh, never frozen natural Angus beef that is hormone and antibiotic free and raised humanly to create the best tasting burger possible. All beef dogs, real dairy fresh frozen custard and fresh cut fries, as well as craft beer and wine, are all served up in our urban hip design setting.

BurgerFi is the latest national chain to come to the new Coney Island. Back in 2012, ATZ asked “Will Coney Island’s Surf Ave Become a Mecca for Franchises?” (December 19, 2012). Clearly, the answer is yes. Like attracts like. In 2014, Johnny Rockets, Red Mango, Rita’s Italian Ice and Subway Cafe, which are currently under construction, are expected to join It’Sugar, Applebee’s, Popeye’s, Dunkin’ Donuts/Baskin Robbins and Subway on the main drag of Coney’s amusement district. Also on Surf and in a category unto themselves are Nathan’s original 1916 store, which is a year-round magnet for tourists, and Brooklyn-grown Grimaldi’s Pizzeria.

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January 3, 2014: New Year, New Franchise: Rita’s Italian Ice Coming to Coney Island

September 11, 2013: Subway Cafe to Replace Furniture Store on Coney Island’s Surf Ave

April 11, 2013: Thor’s Coney Island: Wampum Clothing & Skate Pop-Up to Open in May

February 13, 2013: Thor’s Coney Island: Candy Retailer It’Sugar to Open Surf Ave Store

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Surf Avenue

On the Market: Taconic’s former ‘Coney Island North Venture,’ vacant parcels of land on north side of Surf Ave. between W 16th and W 20th Streets

Last year, the landmark Childs Building on the Boardwalk and a neighboring lot zoned for condos became part of iStar Financial’s portfolio when Taconic Investment Partners, which acquired the properties in 2005, defaulted on loans. Now the other shoe has dropped. Taconic’s “Coney Island North Venture,” three city blocks on the north side of Surf Avenue across from the Brooklyn Cyclones stadium totaling over 100,000 square feet of vacant land, is on the market.

ATZ learned of the offering from Coney Island broker Joe Vitacco. Neither Taconic nor iStar is mentioned in a two-page teaser for “Surf Avenue Assemblage: Prime Coney Island Mixed Use Development Opportunity.” Nor is the price. Interested persons are required to sign a nondisclosure agreement with the listing broker to find out additional info.

According to the brokers, R7-X and C2-4 zoning allows for approximately 380,426 buildable square feet as-of-right or up to 507,235 buildable square feet with inclusionary housing on 101,447 square feet of parcels. Combined Assessment/Taxes Due for 2013 and ’14 are $1,668,753/$185,488.

“Buyers can also explore a larger assemblage opportunity by incorporating adjacent sites currently owned by HPD,” says the flier. “Developers will also be able to take advantage of the property’s significant retail frontage. With few assemblages of this scale ever coming to market, the Surf Avenue Assemblage represents a unique opportunity to develop a project in one of New York City’s most dynamic submarkets.”

Coney Island Aerial: Detail of Conceptual Rendering. CIDC Press Kit

Coney Island Aerial: Detail of Conceptual Rendering Shows Residential Towers West and North of the Brooklyn Cyclones Stadium. CIDC Press Kit, 2009

Up until a few years ago when they fell silent, Taconic Investment Partners planned to build a glittering city of high-rise apartments and retail west and north of MCU Park. Their Senior VP of Acquisitions and his colleagues were a regular presence at hearings leading up to the Coney Island Rezoning of July 2009. According to Taconic’s website, the rezoning “significantly increased our buildable floor areas for mixed-use residential and retail projects to between 1.8 million and 2.4 million square feet, with the potential to create nearly 2,000 residential units and more than 200,000 square feet of retail space.”

The parcels between W 16th and W 20th Streets have been vacant since the wave of urban renewal in the 1960s and 1970s, says Coney Island History Project director Charles Denson, who grew up a few blocks away and documented the razing of the neighborhood in his photos. The RKO Tilyou, operated by the Tilyou family across the street from their Steeplechase Park on Surf at West 17th was demolished in 1973.

Coney Island North and South Venture

Rendering of Coney Island North and South Venture, Taconic Real Estate Investment Partners

Taconic’s plans for their “Coney Island North and South Venture” remain on their website. Only the players are changing.

As Taconic CEO William Bendit told Eliot Brown of the New York Observer in an interview in 2009: “What attracted us to Coney Island was the fact that it’s vacant land—we didn’t have to dispossess anybody, relocate anybody. And it’s the beachfront. How much beachfront land is there in New York City? Not only that, but beachfront land that’s accessible to the subway. So, if you think about it, how many young people, or anybody, for that matter, would like to commute into New York or Brooklyn, and go home at night and live on the beach?”

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December 7, 2013: New Construction: Coney Island Area’s 1st Hotel in Decades

October 30, 2013: Photo Album: Four Transformations, One Year After Sandy

October 17, 2013: The New Coney Island: Thor Equities Vacant Lots, Dummy Arcades

February 17, 2011: New Construction: Coney Island’s 1st Private Beachfront Condos on Boardwalk

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Frozen custard

Frozen custard from Rita’s Italian Ice. Photo via Facebook.com/RitasItalianIceCompany

The year is only three days old and already another new franchise is set to come to Coney Island in 2014. Rita’s Italian Ice, a company whose tag line is “Ice, Custard and Happiness” will open a store on Surf Avenue in Coney Island. Broker Joe Vitacco tells ATZ he signed a lease with a Rita’s franchise owner for the 1,500 square foot space at 1329 Surf Avenue, on the corner of Surf and West 15th Street. The store is located across the street from Nathan’s and Williams Candy and is expected to be open seasonally, probably from March through October. The current tenant, a social club, will move next door.

Rita’s menu offers Italian ice, frozen custard, layered gelati, sundaes with a choice of 20 toppings, sugar-free treats, and trademark items that blend Italian ice with frozen custard.

Frozen custard is of course one of the lost delights of Coney Island. The dessert made its debut in 1919 when the Kohr brothers opened a stand on the Coney Island Boardwalk. The nickel treat was a sensation, selling 18,460 cones on the first weekend!

sundae with toppings

Frozen custard sundae with toppings from Rita’s Italian Ice. Photo via Facebook.com/RitasItalianIceCompany

Kohr’s Frozen Custard is still in business on the Boardwalks at Seaside Heights and Casino Pier on the Jersey Shore but Kohr’s has shown no interest in making a Coney Island comeback. Businesses in Coney Island which sell ice cream, gelato and soft serve haven’t made any move to bring back frozen custard either, despite the recommendations of old-timers. It’s ironic that thanks to a popular international chain headquartered in Trevose, Pennyslvania, we can look forward to the return of this treat to its place of origin and the celebration of National Frozen Custard Day on August 8th.

Rita’s has over 600 outlets in 21 states and is the latest of a growing number of national and international franchises and chains leasing space on high-priced Surf Avenue in the new Coney Island.

Back in 2012, ATZ asked “Will Coney Island’s Surf Ave Become a Mecca for Franchises?” (December 19, 2012). Clearly, the answer is yes. Like attracts like. In 2014, Johnny Rockets, Red Mango and Subway Cafe, which are currently under construction, will join It’Sugar, Applebee’s, Popeye’s, Dunkin’ Donuts/Baskin Robbins and Subway on the main drag of Coney’s amusement district. Also on Surf and in a category unto themselves are Nathan’s original 1916 store, which is a year-round magnet for tourists, and Brooklyn-grown Grimaldi’s Pizzeria.

According to the franchise’s website, Rita’s is the world’s largest Italian ice concept and opened its first international outlet in October in Shenzhen, China. The franchisor for Southern China plans to open 31 outlets over 10 years.

Rita's Italian Ice

Rita’s Italian Ice, Yonkers, NY Store. Via Facebook.com/RitasItalianIceCompany

In the New York metro area, Rita’s year-round locations are on Broadway at 92nd Street in Manhattan –the only store in New York City–and several locations in New Jersey, including Hoboken, and the Izod Center and MetLife Stadium in East Rutherford, NJ. The majority of stores in New York and neighboring states such as New Jersey, Connecticut and Pennyslvania are open seasonally from March through October. Investment firm Falconhead Capital LLC owns a controlling interest in Rita’s, which was founded in 1984 as a Mom-and-Pop product sold from a porch window in Philadelphia.

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December 31, 2013: Amusing the Zillion’s Coney Island 2013 Year in Review

September 11, 2013: Subway Cafe to Replace Furniture Store on Coney Island’s Surf Ave

February 13, 2013: Thor’s Coney Island: Candy Retailer It’Sugar to Open Surf Ave Store

January 28, 2012: Lost Delights of Coney Island: Frozen Custard

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Bulldozing of Boardwalk Community Garden

The Bulldozing of Boardwalk Community Garden. Coney Island December 28, 2013. Photo via Facebook.com/NYCCGC

If you find a bunny under the Coney Island boardwalk, he ran off during the bulldozing of the Boardwalk community garden on Saturday morning. This isn’t a “coney” joke, but something we learned from the site manager. And when a gardener collected her chickens she also walked off with three kittens. The mama cat kept coming back all day looking for them. Such was the chaos that ensued in the animal kingdom when the 16-year-old boardwalk garden was abruptly razed and the plants were plowed under on Saturday to make way for the seating area for an amphitheater slated to open in June 2015.

Boardwalk Community Garden

Community Garden on the Boardwalk adjacent to the Childs Building. September 22, 2013. Photo © Tricia Vita

We support the rehab of the landmark Childs Building, which tourists frequently refer to as “those ruins on the Boardwalk.” But it’s barbaric to bulldoze a garden, especially at 5am on a holiday weekend, no matter the circumstances. Waking up to photos and videos of the destruction posted on Facebook brought back memories of the infamous pre-dawn demolition of the Thunderbolt roller coaster by Mayor Giuliani in 2000. It also calls to mind Thor Equities CEO Joe Sitt’s demo of the Henderson Music Hall and Bank of Coney Island in 2010, which cruelly put a halt to Save Coney Island’s efforts to create a historic district.

The community gardeners along with the New York City Community Garden Coalition are expected to call a press conference to address the demolition in the next couple of days. “The Community and the NYCCGC will not let this action stand without a fight,” said the Coalition in a post on their Facebook page. [UPDATE: The press conference will be on Monday, December 30, 11 am, at 3099 W 22nd Street, between Surf Avenue and the Boardwalk, said NYCCGC in a release issued this afternoon.]

Boardwalk garden

Bulldozed Boardwalk Community Garden. Coney Island. Photo by Anonymouse. December 28, 2013.

As previously noted (“Clock Ticking on Plan for the Landmark Childs Building,” ATZ, September 25, 2013), the City has the funds to bring the landmark back to life since Borough President Marty Markowitz will be able to use $50 million set aside in 2010 for a $64 million amphitheater in Asser Levy Park that was halted by a lawsuit. If the $50 million isn’t spent by the time the Borough President’s third term ends on December 31, 2013, it would go back into the public coffers and be lost to Coney Island. The landmark building’s deteriorating condition is also cause for concern. After Sandy, parts of the terracotta facade cracked and began falling off.

Childs Building on the Coney Island Boardwalk

Photographer and Model in front of Landmark Childs Building on the Coney Island Boardwalk. September 22, 2013. Photo © Tricia Vita

Just before Christmas, developer iStar Financial won approval from the City Council for the amphitheater project. The officially “decommissioned” garden was set to be relocated to a site five blocks away. Why was it necessary to raze it, without giving the gardeners an opportunity to collect their belongings and animals and make the move? Among the items that were reportedly destroyed was a “Coney totem,” a sculpture by artist Philomena Marano.

Boardwalk Garden Furniture

Garden furniture on corner of lot after bulldozing of Boardwalk Community Garden. December 28, 2013. Photo by Anonymouse

Marty Cottingham, a consultant to iStar, cited safety concerns and the need to do environmental testing and, if necessary, remediation as required by the DEP for property that was flooded during Sandy. “We have taken great lengths to do the right thing,” he told ATZ, noting that some items were put in the Childs Building and are available for pick-up. Improvements have been made at the alternate garden site, known as Surfside Garden, on Surf Avenue at 29th Street, including new topsoil and raised beds. Some gardeners say the new site is not suitable due its smaller footprint and being hemmed in by buildings. Others who were promised help relocating felt betrayed by the lack of warning.

Seaside Park Rendering

Seaside Park and Community Arts Center, Stage Doors and Tower in Season, 3D Rendering

The amphitheater project will be developed and operated by a partnership between an affiliate of iStar’s Coney Island Holdings LLC and non-profit Coney Island USA with $53 million in City capital funds, and involves the restoration and adaptive reuse of the Childs building as well as the development of a 5,100 seat amphitheater with a neighborhood park and playground on city-owned land overlooking the beachfront. In addition to approximately 40 to 50 free and paid concerts during the outdoor concert season, the developer promises to host community-based events throughout the year.

The Childs Building along with adjacent lots rezoned for high rise condos became part of iStar’s portfolio when Taconic Investment Partners defaulted on loans. The rezoning plan approved by the City Council in 2009 put 26 high rise residential towers and 5,000 new units of housing in Coney Island, including beachfront condos on 5.5 blocks of vacant land just west of MCU Park.

Coney Island Aerial: Detail of Conceptual Rendering. CIDC Press Kit

Coney Island Aerial: Detail of Conceptual Rendering Shows Residential Towers West and North of MCU Park. CIDC Press Kit, 2007

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December 2, 2013: New Construction: Coney Island Area’s 1st Hotel in Decades

November 28, 2013: Photo Album: Parachute Jump Lights Way to Year-Round Coney Island

October 30, 2013: Photo Album: Four Transformations, One Year After Sandy

October 7, 2012: ATZ’s Big Wish List for the New Coney Island

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Surf Avenue

Guys in Hazmat suits doing interior demo work at Thor Equities-owned building at 1106 Surf Ave, December 7, 2013. Photo by Anonymouse via Amusing the Zillion

On Saturday, we were alarmed to receive a call about men in hazmat suits starting interior demolition on Thor Equities-owned Grashorn, Coney Island’s oldest building. Asked by a pedestrian if there was danger, a worker replied they were doing demolition. The work continued through the weekend. A dumpster in front of the building filled up with sheetrock, ductwork insulation, and mattresses. There are no permits posted, nor are there any work permits on the DOB website for the buildings at 1102-1106 Surf Avenue. Anonymous tipsters sent us these photos.

Last month ATZ posted “Rumor Mill Says Coney’s Oldest Building To be Demolished” (ATZ, November 15, 2013). Was the Rumor Mill right? As it turns out, the demo crew was working next door to the Grashorn building where Henry Grashorn’s hardware store was in the 1880s. They are doing interior demo in the neighboring space that was G. Grashorn’s Groceries. The buildings also housed the Grashorn family’s hotel but due to alterations to the facade were not considered eligible for landmarking by the City’s Landmark’s Commission.

Surf Avenue

Thor Equities-owned buildings on Surf Ave, December 7, 2013. Photo by Anonymouse via Amusing the Zillion

We’ll look into the matter of the permits this week. In the past, there’s been a lag on updates to the DOB site. In 2010, Thor’s teardown of the Henderson Music Hall caught people by surprise as the asbestos abatement that preceded the demo got underway. Also without any permits posted, it should be noted.

The storefronts at 1106 Surf Avenue are newly vacant, having been occupied by Gameworld arcade, a pina colada stand and other concessions for the past four seasons. The neighboring Grashorn building at 1102-1104 Surf Avenue, which also has frontage on Jones Walk, has been vacant since 2008 as ATZ reported in “The New Coney Island: A Tale of Two Jones Walks” (ATZ, Sept. 2, 2013).

The Grashorn no longer has a C of O after having been gutted, though it looked great as the Susquehanna Hat Company in an episode of HBO’s Bored to Death in 2011. Save Coney Island has published renderings showing the potential of the building if restored. Henry Grashorn was a founding director of the Bank of Coney Island, the Mardi Gras Association and the Coney Island Church and Rescue Home. His hardware store catered to Coney Island’s amusement businesses for six decades and the building later housed shooting galleries, arcades, and cotton candy and taffy stands.

Surf Avenue

Dumpster at Thor Equities Building on Surf Ave, Coney Island. December 7, 2013. Photo by Anonymouse via Amusing the Zillion

In addition to the Henderson, Thor CEO Joe Sitt demolished two other historic Surf Avenue properties–the Bank of Coney Island and the Shore Hotel in 2010, after his lots on the south side of Surf were rezoned by the city for 30 story hotels. Only the buildings that once housed the Grashorn hardware and grocery store remain. If Coney Island’s oldest is going down to become another empty lot to add to Joe Sitt’s collection of empty lots in Coney Island, it won’t happen unnoticed. We promise to make a lot of noise.

Thor Equities purchased the Grashorn (1102-1104 Surf Ave.) for $1.4 million in 2005 and the adjacent building at 1106 for $2.2 million in 2006, according to Property Shark.

UPDATE December 9, 2013:

Sources say the FDNY inspected the building last week and the property owner was fined and required to clean the fire hazard caused by squatters. Squatters have been living there since at least 2010. It takes the FDNY to get Thor to maintain their property and keep it safe? The public cannot access the FDNY’s database but has to put in a request for a search which takes 10 days and costs 10 bucks. Betcha 20 we’ll have more info from the Rumor Mill sooner than that!

Surf Avenue

Thor Equities-owned buildings at 1102-1106 Surf Ave, Coney Island. December 7, 2013. Photo by Anonymouse via Amusing the Zillion

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October 17, 2013: The New Coney Island: Thor Equities Vacant Lots, Dummy Arcades

September 2, 2013: The New Coney Island: A Tale of Two Jones Walks

September 9, 2010: Thor’s Coney Island: Faber’s Fascination Goes Dark After 50 Years

March 3, 2010: Thor’s Coney Island: What Stillwell Looked Like Before Joe Sitt

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