More than a century after it was first announced and subsequently declared a swindle, the Friede Globe Tower is once again being proposed for Coney Island’s Surf Avenue. ATZ received a translated copy of an offering to investors for “a ground floor chance to share profits” in the project which is expected to cost $2 billion and pay up to 100% interest. A Russian billionaire plans to erect the 700-foot-tower on one of the lots on the south side of Surf rezoned for high-rise hotels.
Dubbed “The Globe Tower 2.0,” the structure will house a luxury hotel instead of the world’s largest amusement park of the original proposal. In order to comply with the Coney Island Rezoning of 2009 requiring a percentage of the property be used for amusements, Globe of Death Motorcyclists will perform a free act in the globe twice daily, weather permitting.
According to the offering, the hotel rooms will be small but luxuriously appointed and padded with sound proofing for undisturbed sleep despite the roar of the motorcycles. The tower will be crowned with the largest revolving searchlight in the world and lit by thousands of LED lights, making it visible from Mars.
When ATZ expressed skepticism that the new offering, which contained wording similar to Samuel Friede’s 1906 ad in the New York Herald, was genuine, the source replied that the Globe was an architectural wonder that had captured the developer’s imagination. He plans to make the penthouse his home away from home. “Remember when your Mayor Bloomberg said ‘Wouldn’t it be great if we could get all the Russian billionaires to move here?'” Then he quoted the popular adage: “Fool me once, shame on you. Fool me twice, shame on me.”
The ceremony for laying the cornerstone is expected to be on May 26, 2014, on the 108th anniversary of the Globe’s original groundbreaking, and will feature a band concert, speeches and fireworks.
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