Real Estate | Amusing the Zillion

Archive for the ‘Real Estate’ Category

Oct 31: Last Day of Season for Boardwalk Businesses, Some Won’t Be Back

Posted in Real Estate, Redevelopment, tagged Boardwalk, Cha-Cha's, Coney Island, dive bars, Last Day of Season, Ruby's Bar on October 30, 2010| 2 Comments »

Halloween at Cha Cha's 2009. Photo © Coney Gal/Mindy via flickr

On October 31st, Ruby’s Bar will host their annual closing party. “Come celebrate Halloween at Ruby’s, wear a costume and get a free beer,” Rubys Host says. The Grill House will have Coney Island band Neptune Jam’s Halloween Jam on the Boardwalk from 1- 5 pm. Cha Cha’s, which is decorated for Halloween year round, will celebrate from 2:30 pm with music by Killer Joe and the Warriors. Come out to playyy! It’s the last day of the season for Coney Island’s legendary dive bars as well as for the other Boardwalk businesses, including Paul’s Daughter, Steve’s Grill House, Gyro Corner and Lola Star Gift Shop.

Lola Star Gift Shop and Gyro Corner. August 20, 2010. Photo © Mattron via flickr

The 11 Boardwalk businesses have leases with the City through Oct 31 for the 2010 season. Zamperla USA/CAI, which is taking over management of the City-owned Boardwalk properties, is expected to offer new 9-year leases to some, but not all, of the businesses after reviewing their business plans.

Paul's Daughter in Coney Island. September 24, 2010. Photo © SaucyPinkJesus/Christopher Duff via flickr

“Some will stay, some won’t. We’re exploring our options,” Zamperla USA CEO Valerio Ferrari told the Brooklyn Paper earlier this month. The catch is we don’t expect to find out who’s getting a new lease till the end of the month. Hey, it is the end of the month! Rumors abound, but an official announcement has yet to be made. If you have a sentimental favorite on the Boardwalk, come out on the last day of the season and show them some love. And don’t forget to take souvenir photos. UPDATE October 31….Business owners told us that they would find out on Monday whether or not they’d get a new lease from Zamperla/CAI!

Wild Women & Wise Guys. March 15, 2009. Photo © Justin Korn via flickr

ATZ will be in Coney on Halloween to hang out with friends and revisit old haunts. We’ll snap photos as if it were “last call” for the vernacular signage and gritty authenticity of these Boardwalk mainstays. Just in case. If they get erased from the Coney landscape, we’ll still have our memories and our photos. The oldest existing business is probably Paul’s Daughter, formerly known as Gregory & Paul’s. The family-run business has been at its Boardwalk location for more than 40 years. Cha Cha’s and Nathan’s satellite location are in the former Club Atlantis building,which requires extensive rehab to bring it up to code.

Behind the Counter at Ruby's Bar in Coney Island. April 16, 2010. Photo © Tricia Vita/me-myself-i

The namesake of Ruby’s Bar–Ruby Jacobs–bought the bar in 1975. That’s his portrait with the Parachute Jump amid the vintage photos on the oft-photographed wall. After Ruby’s death in 2000, West 12th Street was named Ruby Jacobs Way in his honor. His daughters and son-in-law continue to run the family-owned business.

Shoot the Freak (I felt like I had stepped back in time). October 7, 2010. Photo © Marniepix via flickr

The world-famous Shoot the Freak is a relative newcomer having arrived on the Boardwalk in 2002. By the next season, the game was world famous. ”Look, this is a country where there was the pet rock,” Shoot the Freak’s creator Anthony Berlingieri told a reporter for the New York Times. ”I always figure that after that, everything stands a shot.”

Last November, Berlingieri made headlines when he appeared at the City’s press conference about the $95.6 million land purchase from Thor and posed the question directly to Mayor Bloomberg: “Is there a place for us?” NYCEDC President Seth Pinsky gave a diplomatic reply: “Our intention is for the foreseeable future to keep all the tenants in place, certainly through next summer [2010]. And we’re going to be looking to work with each of you to figure out where it makes sense for the various tenants to remain as we build out the amusement park.”

Does this mean the EDC is committed to relocating the small businesses displaced by the redevelopment of City-owned property in the new Coney Island? Stay tuned.

Grill House Color. August 26, 2009. Photo © verphotoman/Joel via flickr

Photos from the Demolition: Knocked Out Wall at Bank of Coney Island

Posted in Photo of the Day, Real Estate, tagged Bank of Coney Island, demolition, Eric Kowalsky, Joe Sitt, Thor Equities on October 29, 2010| Leave a Comment »

Demolition of Thor Equities-Owned Bank of Coney Island. October 28, 2010. Photo © Eric Kowalsky

On Thursday, the attack of the jackhammers began after Verizon finished removing phone lines for the area from the roof of the doomed Bank of Coney Island building. Photographer Eric Kowalsky has been valiantly documenting the demolition-in-progress. In the photo below, which was taken on Tuesday, Thor’s gang finish putting up the demolition scaffolding.

For more info on the building, see “Photo of the Day: The Bank of Coney Island, Now & Then” (ATZ, October 14, 2010) and “A Rare Peek Inside Endangered Old Bank of Coney Island” (ATZ, October 9, 2009).

Demolition Scaffolding at Thor Equities-Owned Bank of Coney Island. October 26, 2010. Photo © Eric Kowalsky

Photos from the Demolition: Historic Bank of Coney Island

Posted in Photo Album, Photo of the Day, Real Estate, tagged Bank of Coney Island, Bruce Handy, demolition, historic buildings, Joe Sitt, scaffolding, Thor Equities on October 25, 2010| 3 Comments »

Bank of Coney Island Demolition. October 21, 2010. Photo © Bruce Handy/Pablo 57 via flickr

Last week, the doomed Bank of Coney Island had holes punched in its wall by Joe Sitt’s demo men in prep for the installation of demolition scaffolding. The northeast corner of West 12th and Bowery has taken on the brutal look of a torture chamber. The victim is the 87-year-old building itself, the first of four historic buildings in Coney Island marked for demolition by Thor Equities.

As we wrote in “Photo of the Day: The Bank of Coney Island, Now & Then” (Oct 14, 2010):

Shame on Thor Equities for not even responding to the written pleas of individuals and organizations to re-purpose the building or at least save the facade. Shame on the City of New York for sacrificing the building by rezoning the parcel for a 30-story high rise in July 2009.

Real estate speculator Joe Sitt bought the Bank of Coney Island building in 2005 for $3 million and kept it vacant. ATZ knows at least two potential tenants whose proposals for leasing and rehabbing the building went nowhere. Alas, Joe Sitt’s price to lease the property– $500,000– was too steep. Perhaps Thor did not want to be encumbered by tenants or leases because the building was marked for demolition from the moment it was purchased?

Bank of Coney Island Demolition Scaffolding. October 25, 2010. Photo © Bruce Handy/Pablo 57 via flickr

Thanks to Coney Island photographer Bruce Handy for documenting this unfortunate situation in his flickr set. “They built the scaffolding on the West 12th Street side today,” says Bruce, who notes that the police stopped to ask a passersby what was written on the permits posted on the wall. Though the signs are newly posted, what they have to say is not news: the Department of Buildings issued the demolition permit on August 13.

During Thor Equities’ 40 days of demolition, ATZ will continue to post documentary photos. Help us keep this disgraceful demo in the public eye by sending newsworthy pix and info to hello[AT]triciavita[DOT]com. Hey, maybe a sympathetic insider will send us a photo from inside the torture chamber! Be careful…