Feeds:
Posts
Comments

Archive for the ‘Real Estate’ Category

1315 Surf Avenue

Vacant since Sandy, 1315 Surf Avenue will be the site of an Italian fast food restaurant. The Shore Theater building next door, owned by the Bullard family, has been vacant for 40 years. May 13, 2015. Photo © Tricia Vita

What’s new on the north side of Surf, the mecca for franchises in Coney Island? At 1315, where Cha Cha’s relocated from the Boardwalk until calling it quits after being devastated by Sandy, a permit has been taken out for interior renovations. A new eatery is going there and thankfully it won’t be another franchise or chain.

The Russo Brothers, owners of Gargiulo’s, which is Coney Island’s bastion of fine dining, are planning to open a fast food Italian restaurant, according to Anthony Russo. Pizza, veal parm and fried calamari will be among the offerings Russo told ATZ. No opening date has been set, but construction is expected to get underway as soon as permits have been approved.

Gargiulo's Way

Gargiulo’s Way, West 15th St between Surf and Mermaid Avenues, Coney Island. November 16, 2014. Photo © Tricia Vita

The Russo brothers own the building as well as the adjacent one where tenants include Piece of Velvet Bakery and Rita’s Italian Ice on the corner of 15th Street. In 2007, West 15th Street between Surf and Mermaid Avenues was designated Gargiulo’s Way to mark the 100th anniversary of Gargiulo’s Restaurant. Founded by Gus Gargiulo and owned by the Russo family since 1965, the Coney Island landmark at 2911 West 15th offers classic Neapolitan cuisine.

According to broker Joe Vitacco, who leased the storefronts to Rita’s and Piece of Velvet, there are very few remaining vacant spaces for lease on the north side of Surf. At 1223 Surf Avenue, he has 2,100 square feet on the first floor and 5,000 square feet plus 1,900 square foot terrace on the second floor and 4,000 square feet rooftop dinning for $45-$50 per square foot.

The first floor of that address next to Stillwell Terminal was also leased to a Johnny Rockets (6000 sf) and Red Mango (2.000 sf) franchisee in 2012, but construction has been delayed by new and ever-changing post-Sandy building regulations. Among the stores Vitacco is offering are 1,450 square feet at 1019 Surf Avenue next to the new Subway Cafe and across the street from Luna Park.

Related posts on ATZ…

May 14, 2015: Coney Island 2015: Red Doors Bar & Grill Opens on North Side of Surf Ave

January 29, 2015: Coney Island 2015: Subway Cafe, Sushi Lounge, IHOP, Checkers, Johnny Rockets

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

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

 

Read Full Post »

805 Surf Avenue

Lot on the north side of Surf Avenue adjacent to the West 8th Street subway station in Coney Island. May 5, 2015. Photo © anonymouse via AmusingtheZillion.com

The new owners of a long vacant lot on the north side of Surf Avenue directly across from the Cyclone roller coaster in Coney Island are seeking ideas for seasonal use. “We’re looking to do something in the short term,” Igor Oberman of PYE Properties told ATZ. Arts and crafts, food market, food trucks, and amusement attractions are a few of the possibilities.

“We’re brainstorming ideas as to what uses we could put the site this summer. It looks like Thor has got the food vendors to come out,” said Oberman, referring to the Smorgasburg vendors coming to Stillwell Avenue. “Any of your ideas would be appreciated.” Oberman may be reached at PYE Properties at igor[AT]pyeproperties[dot]com.

Over the past decade, the vacant lot, which has 140 feet of frontage on Surf and is 90 feet deep, has occasionally been used as a parking lot. For one day in 2011, the lot briefly hosted John Strong’s sideshow until the previous property owners abruptly did an about-face and went back to parking cars.

A kiddie ride park,a go kart track and a flea market housed in shipping containers have occupied the lot in the past. Bumper cars and other amusements were in the building on the site which was torn down in the 1950s. Until the early ’80s the north side of Surf Avenue was home to individually-owned penny arcades and a variety of rides including carousels and even a Jumbo Jet-style coaster.

805 Surf Avenue

Vacant lot at 805-825 Surf Avenue, on the north side of Surf across from the Cyclone in Coney Island, May 5, 2015. Photo © anonymouse via AmusingtheZillion.com

The Surf Avenue lot at 805-825 Surf Avenue is Brighton Beach-based PYE Properties’ first acquisition in Coney Island. “We’re looking to develop it shortly,” Oberman said. According to the development company’s website, “PYE Properties is a full-service development company guided by our in-house team of result-driven real estate professionals whose expertise includes acquisition, design, development, construction and property management.”

Since the rezoning of Coney Island, the north side of Surf has seen restaurants such as Grimaldi’s, Applebee’s, and Subway Cafe rapidly replacing furniture stores and vacant lots. A Johnny Rockets franchise is under construction and IHOP signed a lease in February. Mom & Pops on the north side include Chill party space, Red Door Bar & Grill (formerly Coney Island Bar & Grill), and Piece of Velvet Cupcakes.

Related posts on ATZ…

April 30, 2015: Thor Equities Recruits Jeffrey Deitch, Dan Biederman & Smorgasburg to Dress Up Vacant Coney Lot

April 20, 2015: Art of the Day: “Greetings from Coney Island” Blends Past & Present

January 29, 2015: Coney Island 2015: Subway Cafe, Sushi Lounge, IHOP, Checkers, Johnny Rockets

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

Read Full Post »

Sleep Inn Hotel Stillwell Avenue

Sleep Inn Hotel nearing completion on Stillwell Ave and Avenue Z. Photo © Diana Baggott

A Sleep Inn Hotel, the Coney Island area’s first new hotel in many decades, is nearing completion at Stillwell Avenue and Avenue Z, just north of Coney Island Creek. Mahesh Ratjani, one of the partners in the project, tells ATZ they hope to open in three months. Under construction since the last quarter of 2013 and originally projected to open by the beginning of 2015, the hotel awaits a certificate of occupancy. According to DOB records, the 12,989 square foot, four-story hotel occupies a 13,000 square foot lot. Sleep Inn is a member of the Choice Hotels Group.

As we noted in a post that was the first to report the new construction in December 2013, there are currently no hotels in the Coney Island area and it’s been many decades since a new one opened. The long-shuttered, 110-year-old Terminal Hotel across from Stillwell Terminal was destroyed by fire last year. The grand Half Moon Hotel, built on the Boardwalk in 1927, was later turned into a geriatric center before being demolished in 1996.

Sleepi-Inn Hotel

The City’s rezoning of Coney Island included the upzoning of three Thor Equities-owned properties on the south side of Surf Avenue between Stillwell and Jones Walk for hotels up to 30 stories. In public hearings, we argued against high rises — including hotels — on the south side of Surf, saying it would destroy instead of enhance Coney Island’s economic potential as an amusement and tourism destination. As it turns out, a hotel has yet to be built on Surf Avenue and we can only hope it never will be. Instead, the Coney Island area’s first new hotel in decades is located in a much more suitable location north of the amusement area with easy access to the Belt Parkway.

Ratjani and his partners own 15 hotels in New York and New Jersey, including the Comfort Inn off the Gowanus Expressway in Brooklyn’s Sunset Park. The vacant lot at 2590 Stillwell Avenue was purchased for $1.9 million in 2007, according to Property Shark. The property is conveniently located off the Cropsey Ave/Coney Island exit of the Belt Parkway. The area is technically on the border of Gravesend and Bath Beach, though frequently identified as part of Coney Island. The closest subway stop is Bay 50th, one stop from Coney’s Stillwell Terminal, on the D line.

Sleep Inn Hotel

Sleep Inn Hotel nearing completion on Stillwell Ave and Avenue Z. Photo © Diana Baggott

Related posts on ATZ…

February 13, 2015: Coney Island 2015: IHOP Franchisee Signs Lease for 5,400-Square-Foot Surf Ave Store

January 21, 2015: Coney Island 2015: Wahlburgers Signage Goes Up at Thor’s Retail Building

January 29, 2015: Coney Island 2015: Subway Cafe, Sushi Lounge, IHOP, Checkers, Johnny Rockets

September 13, 2013: Coney Island Always: Visiting the Big CI Year-Round

Read Full Post »

Brooklyn Rock

Display of Paintings of the Elephant Hotel and the Parachute Jump by Yukiko Wada, hand-screened Tees by Wada and husband Chris Smith at Brooklyn Rock. January 25, 2015. Photo © Tricia Vita

Mom & Pop art T-shirt shop Brooklyn Rock is out but not down. After 21 months in Coney Island, the arrangement they had with Thor Equities for space in the developer’s retail building at Surf and Stillwell has come to an end. The 1,500-square-foot store, for which they paid a percentage of income as rent, will be partly taken over by celebrity burger chain Wahlburgers, which is set to open its first New York franchise in May in the vacant restaurant space next door.

As ATZ reported earlier this month, the one-of-a-kind Brooklyn Rock shop was open daily regardless of the season or the weather, and was one of the few places in Coney to buy a souvenir tee in February. “At the end of the proverbial day, it was a pop-up shop and we had a good run,” says Brooklyn Rock brand manager Seth Braunstein, who doesn’t want people to feel sorry for them or villainize Thor, with whom they parted on good terms. “I might get a call at some point to do a pop up in another of their Brooklyn locations. Who knows?”

Brooklyn Rock

Brooklyn Rock’s pop-up store at 3015 Stillwell Avenue in Coney Island closed in February. January 25, 2015. Photo © Tricia Vita

Brooklyn Rock’s tees, hoodies, aprons and other items are hand-dyed in unique colors and hand-printed from hand-drawn designs by artists Chris Smith and Yukiko Wada, the couple who founded the business in their Bushwick apartment in 2002. Braunstein says they’re relocating the wholesale print operations to a mezzanine space within a larger retail environment in Greenpoint called the Flying Squirrel. “It is an amazing children’s shop that we’ve wholesaled our gear to since they were located on North 6th in Williamsburg. We’re excited at the huge wholesale opportunities ahead and are gratified at the run we enjoyed in Coney.”

Before opening their Coney Island store in May 2013, the Brooklyn Rock team also wholesaled their merchandise to Coney Island USA’s gift shop, which they hope to do once again. Their previous retail shops include a street kiosk on Bedford Avenue, a shipping container at the now defunct DeKalb Market where Century 21 was built, and a Pintchik property across from Barclays Center, where foot traffic turned out to be slow. “When you’re an independent little guy, you’re swimming with sharks. We’re still swimming. We’re good. Ultimately we’re survivors,” says Braunstein.

Brooklyn Rock Larry David

Audrey Jakeway wearing Brooklyn Rock’s Larry David tee at preview performance of his new Broadway show “Fish in the Dark.” February 5, 2015. Photo via Brooklyn Rock Facebook

When ATZ interviewed Braunstein for the post that ran earlier this month, the shop had already received the vacate notice, but we did not mention it because they were hoping for an extension from Thor, as had happened last year. At that time, Luna Park offered them a kiosk in the amusement park, but they declined since they were able to keep their store. As for the vacant stores on the north side of Surf, where property owners have leased to restaurant and food businesses, Braunstein doesn’t think the location would bring them as much foot traffic as the south side of Surf.

While Brooklyn Rock is confident about landing a better spot, this story underscores the dim prospects for Mom & Pops hoping to come to Coney Island amid the influx of chains, both at Thor’s property on the south side of Surf and with the property owners on the north side. Currently there are a dwindling number of spaces for lease and Coney Island’s risk-averse landlords prefer the better-funded chains and franchisees. Brooklyn Rock’s lucky break came when Braunstein saw a news article about space for lease in Thor’s then-vacant new building and sent them a proposal. Thor Equities had sent out a press release that said: “Thor To Add Local Flavor To Coney Island By Leasing Major Surf Avenue Parcels To Local Brooklyn Merchants At Reduced Rents For 2013.”

Tenants at Thor’s now fully-leased “Retail Ride of A Lifetime” building across from Stillwell Terminal include candy chain It’Sugar, apparel chain Rainbow Shop, the Brooklyn Nets Shop, Brooklyn Beach Shop spin-off Surf and Stillwell, and the soon-to-debut Wahlburgers. The building also had a Little Caesars Pizza pop-up last summer and two incredibly tiny mini-arcades, which are the shameful extent of the amusements required by the City’s Coney Island Comprehensive Rezoning Plan passed in 2009.

Thor Equities mini-arcade

The only amusements in Thor’s retail building are two mini-arcades, the size required by the City’s Rezoning Plan. One arcade is next door to the apparel chain Rainbow Shops. august 16, 2014. Photo © Tricia Vita

It’s telling that in recent weeks ATZ’s top ten posts have been about IHOP, Wahlburgers and other chains coming in 2015. In addition to the already opened national chains and franchises such as Applebee’s, Rita’s Italian Ice, and Dunkin’ Donuts on Surf Avenue, a few new Mom & Pops like Lunatics Ice Cream and Luna Park Cafe opened last season. An outpost of Piece of Velvet, a cake and cupcake shop with locations in Fort Greene and Harlem opened on Valentine’s Day. On the north side of Surf, IHOP recently signed a lease to open a restaurant while Johnny Rockets remains under construction and Subway Cafe and Checkers have put their signs up and are almost ready to open.

Related posts on ATZ…

February 4, 2015: In Wintry Coney, Brooklyn Rock’s Hand-Printed Tees Keep Summer Dreams Alive

January 29, 2015: Coney Island 2015: Subway Cafe, Sushi Lounge, IHOP, Checkers, Johnny Rockets

December 5, 2014: Wahlburgers Burger Franchise to Open in Coney Island

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

Read Full Post »

Landmark Childs Building

Landmark Childs Building, Coney Island Boardwalk. January 25, 2015. Photo © Tricia Vita

Tourists often ask “what are those ruins on the Boardwalk?” Some locals tell them the crumbling palazzo by the sea is an old bathhouse. The former Childs Restaurant building has been been vacant for so long, between stints as a chocolate factory, a roller rink, and a warehouse, most people have no memory of its glory days.

Last weekend, ATZ took these photos of the 1923 landmark, which is now in hibernation, awaiting restoration as part of a $53 million dollar City project. Terra-cotta fish and seashells and Neptune the god of the sea peek out from above the sidewalk shed and plywood fencing, which was recently installed around the property.

Childs Building, Coney Island Boardwalk

Detail of terracotta ornamentation on Childs Building, Coney Island Boardwalk. January 25, 2015. Photo © Tricia Vita

The construction of the shed and fencing and work on the floors are the only permits currently approved by the Department of Buildings. Several other permits are still listed as on hold pending the outcome of a lawsuit by the New York City Community Garden Coalition (NYCCGC) and the Coney Island Boardwalk Community Garden members vs the City and developer iStar Financial. The clerk for Judge Peter Sweeney, who got the case after a prior judge recused himself, told ATZ last week that the judge has not yet made a decision. At a hearing in December, Judge Sweeney asked both sides to submit briefs arguing for or against a jury trial.

“There is a chance that, given his willingness to bring the parkland issue before a jury, he might break up the case along its two issues and rule separately on each,” writes Aziz Dekhan on the NYCCGC’s website.”Or he might wait to rule on either issue until after he or a jury decides on the parkland issue.”

Former Community Garden on the Boardwalk

Site of former community garden adjacent to the Childs Building. January 25, 2015. Photo © Tricia Vita

The crux of the suit is the gardeners’ claim the land is public parkland and that the development project is an alienation of parkland without the required approval of the state legislature. In December 2013, the garden was razed without warning to make way for construction of the seating area for the amphitheater, which was initially expected to open in June 2015.

ATZ previously wrote about the project when it was under consideration (Clock Ticking on Plan for the Landmark Childs Building, September 25, 2013) and after the razing of the garden (Pre-Dawn Bulldozing of Coney Island Community Garden, December 29, 2013).

Neptune

Neptune medallion on Childs Building, Coney Island Boardwalk. January 25, 2015. Photo © Tricia Vita

Designated a landmark nearly twelve years ago, on February 4, 2003, the building operated as a restaurant until the early 1950s. Childs was one of the largest restaurant chains in the country with 107 restaurants in 33 cities in the U.S. and Canada by the 1920s, but it was not a formula business. According to the Landmarks Preservation Commission report, the Boardwalk restaurant was designed specifically for Coney Island “in a fanciful resort style combining elements of the Spanish Colonial Revival with numerous maritime allusions that refer to its seaside location.”

Childs Building

Childs Building, Coney Island Boardwalk. January 25, 2015. Photo © Tricia Vita

Related posts on ATZ…

January 29, 2015: Coney Island 2015: Subway Cafe, Sushi Lounge, IHOP, Checkers, Johnny Rockets

January 19, 2015: An Historic First As Elected Officials Join Community’s Fight to Save Coney Island Boardwalk

December 20, 2014: Save the Boardwalk for Future Gens! Sign Brooklyn Pols Petition to Make it ‘Scenic Landmark’

September 13, 2013: Coney Island Always: Visiting the Big CI Year-Round

Read Full Post »

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

Share

Related posts on ATZ…

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?

Read Full Post »

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

Share

Related posts on ATZ…

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

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 368 other followers

%d bloggers like this: