Wednesday, 14 September 2016

New Coney Island development will bring 135 apartments to the area

The new building will have a mix of supportive and affordable housing

Whether its the recently opened 5,000-seat amphitheater, plans to transform the historic Shore Theater, or the proposed 40-story tower that will bring retail and apartments to the neighborhood, there’s a lot of development taking place on Coney Island of late, and a supportive housing project is the latest to join the fray.

Developers Concern for Independent Living (who specialize in supportive housing) and Georgica Green Ventures are partnering on a housing project that will bring 135 apartments to a currently empty plot at the intersection of West 21st Street and Surf Avenue.

Of the 135 apartments, 82 apartments will be reserved for homeless veterans. The rest will be made available to people making less than 60 percent of the area median income. The apartments will be divided into studios and one-bedrooms.

The project is being built at a cost of $69 million, just over $8 million of which will be used to purchase the land from developer iStar (the developers behind the amphitheater). The developer on this project, which is located at 3003 West 21st St, will also offer residents training to operate a bakery on site.

It will take between 18-20 months for construction on the project to wrap up, and this particular project is part of a larger effort on part of the developer to bring 400 affordable and market rate apartments to Coney Island.



from
http://ny.curbed.com/2016/9/14/12921036/coney-island-supportive-affordable-housing

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