Billionaire developer John Catsimatidis wants to expand his nearly finished Ocean Drive rental complex in Coney Island by adding three larger towers — and if the city doesn’t approve those plans, he may take the investment of about $1 billion to Florida.
“You’ve got to get the best for your investment,” Catsimatidis told the New York Post. “Why spend in New York when you can build in Florida.”
Find vacation rentals near Coney Island, Brooklyn on Tripadvisor! View 1,044 traveler reviews from properties near Coney Island in Brooklyn, NY. Get reviews, hours, directions, coupons and more for Bay Ridge Medical at 2005 Coney Island Ave, Brooklyn, NY 11223. Search for other Physicians & Surgeons, Radiology in Brooklyn on The Real Yellow Pages®. This week LCOR announced plans to construct a 461-unit rental building near the Coney Island waterfront in Brooklyn. The property is located at 1515 Surf Avenue and will include a mix of market-rate and affordable housing units, residential amenities, and 11,000 square feet of ground-floor retail.
The Gristedes owner has been developing a 22-story, 450-unit twin-tower rental apartment complex at 3514 Surf Avenue.
About half of the first tower’s units have been rented and units in the second building will go on the market in March. Now, Catsimatidis wants to move on and add three larger towers on the complex’s eastern side, according to the publication.
Ralph Zirinsky, Catsimatidis’ development manager, said the towers would have to be approved as part of the city’s public land-use review process. The firm wants to build even bigger than the first two towers; it would seek a floor-area ratio enlargement to an 8 or 10, compared to a 5 on the first phase of the development, “given the complexities and costs of building on the ocean.” No formal proposal has been filed with the city, though.
Getting approval for the larger towers could be challenging given the anti-development sentiment that has killed several proposals, including the expansion of Lenox Terrace in Harlem and the Industry City rezoning in Brooklyn. Mayor Bill de Blasio also recently withdrew support for a proposed rental complex near the Brooklyn Botanic Garden in Crown Heights.
City Council member Mark Treyger, who represents Coney Island, said had he been on the council at the time Ocean Drive was approved, he wouldn’t have supported the size of the existing complex because it doesn’t include any affordable housing. Catsimatidis’ Ocean Drive apartments are all market-rate rentals, asking upwards of $1,800/month, and the three additional towers would be priced similarly. [NYP] — Akiko Matsuda
Routes & Schedules
LAUNCHING 2021
The Coney Island route will connect communities in Coney Island and Bay Ridge to Wall Street/Pier 11.
*Final schedule is still to be determined. Travel time is approximate
Approximate Total Time 37min
City Hook Up Near Coney Island Ny Amusement Park
Legend
| Planned Route |
| Approximate Travel (min) |
| Ferry Landing |
Landings
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| Coney Island Coney Island | Map this Landing |
| Bay Ridge American Veterans Memorial Pier Brooklyn, NY 11220 | Map this Landing |
| Pier 11 Gouverneur Lane at South Street, F.D.R. Drive Manhattan, NY 10005 | Map this Landing |
Transportation Options
Bay Ridge
American Veterans Memorial Pier
Brooklyn, NY 11220 View on Map
City Hook Up Near Coney Island Ny Close
Landing Features
- Covered Waiting Area
Bus
B9 and B64 busses between Bay Ridge Avenue and Narrows Avenue
Train
R Train between Bay Ridge Avenue and 4th Avenue
Pier 11
Gouverneur Lane at South Street, F.D.R. Drive
Manhattan, NY 10005 View on Map
Ticket Office Hours
M-F: 5am – 8am, 11:30am – 9pm
Sat/Sun: 8am – 8pm
Transportation Options
Bus
M15, QM7, QM8, X8, and X14 lines available between Water and Wall Streets
Free Downtown Red Bus Connector shuttle available at Water and Wall Streets
Train
1 train at South Ferry between Whitehall and South Streets
2 and 3 trains available between Pine and William Streets
J and Z train available between Broad Street and Exchange Place
Bike
Citibike stations available at the following locations:
- Pier 11 Ferry Terminal at South Street and Gouverneur Lane
- Pine and Front Streets
- Old Slip and Front Street
- Hanover Square and Pearl Street
All Routes Feature
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NYC Ferry envisions a clean and clear future in New York City. Respect Our Planet is our adopted environmental program, in which we partner with other waterfront organizations to do volunteer work around the city as a way of giving back to the communities we serve. We promote environmental stewardship and through our efforts to minimize environmental impact we encourage staff and visitors to adopt green practices that will benefit the city of NY.
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