Developer George Rigas Files Plans for New Residential Bldg in Heart of Coney Island - The Jewish Voice
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Saturday, October 1, 2022

Developer George Rigas Files Plans for New Residential Bldg in Heart of Coney Island

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By: Benyamin Davidsons

Brooklyn’s Coney Island is gearing up for yet another big scale residential project.

As reported by Crain’s NY, this week, developer George Rigas filed plans with the city Department of Buildings to construct a residential building at 2905 West 17th Street, located between Mermaid and Surf Avenues. The plans call for 77 apartment units spanning roughly 66,664 square-feet, including retail space at the cellar.  Some of the residential units will need to be low-income housing, as per the filing. The 80-tall building will be eight-stories tall, and the project will include 90 parking spots, half of which will be enclosed.

As per NY Yimby, Haris Mamagakis of Noesis Designs has been tapped as the architect, as per the Oct. 12 filing.  The developer had purchased the site back in 2018 for $5.8 million, using a Red Hook–based LLC, as per property records. The site is currently home to a two-story office building, which is already vacant and therefore won’t require a demolition permit.

Rigas could not be reached by Crain’s for comment.

In recent years, Coney Island has been experiencing a boom in residential development. Rigas’ project is considered one of the more moderate sized developments on their way to the neighborhood. As per Crain’s, LCOR, the 40-year-old real estate development firm led by CEO Anthony J. Barsanti, filed plans towards the end of 2020, to construct a roughly 222,000 square feet mixed-use property at 1515 Surf Ave. The upcoming 16-story waterfront edge project is slated to boast roughly 322-rental units.   Also, Red Apple Group, led by radio talk show host and billionaire businessman John Catsimatidis, has plans to construct a 425-unit rental residential project at 3514 Surf Ave on Ocean Drive.

Coney Island also has other impressive projects on the way including Cammeby International’s 42-story, 576-unit development by at 532 Neptune Ave.  Also of note, is the mammoth 1,000-unit mixed-use project coming to 1709 Surf Ave via a team effort by Taconic Investment Partners, L+M Development Partners and BFC Partners. This multi-building project, which is nearing completion, has 100 percent of its residential units listed as affordable housing.

There is another 16-acre plot of land on the market in Coney Island at 2731 W. 12th St.  But that site, owned by National Grid, is currently set up to serve as space for a power plant or a manufacturing facility.


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