It'll be a while before we see the 400 market-rate condos coming to the west end of the Coney Island boardwalk, but in the meantime, Archpaper has some renderings. The latest proposal, from Dattner Architects and grocery store magnate John Catsimatidis's Red Apple Real Estate, calls for those 400 condos to sit above 25,000 square feet of retail and 400 parking spaces, all part of one megacomplex called Ocean Dreams. Back in 2005, City Planning estimated the condos would sell for $350,000 to $600,000. But before they can get within freak-shooting distance of the sales market, the plan requires another zoning change to allow even the smallest of the planned condo towers, which would be 142 feet tall (the previous rezoning, in 2005, only allowed for towers up to 70 feet high). If all the approvals go through, construction could begin in early 2012.
· Coney Island Riding High [Archpaper]
· Coney Island Redevelopment coverage [Curbed]
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