Construction recently topped out on Coney Island III, an 11-story all-affordable residential building at 1709 Surf Avenue in Coney Island, Brooklyn. Designed by S9Architecture and developed by BFC Partners in collaboration with the NYC Department of Housing Preservation & Development (HPD), the NYC Housing Development Corporation (HDC), Citi, and Goldman Sachs, the structure will yield 420 rental units. The project is the third and final phase of the Coney Island West seaside master plan, which will contain a total of 1,242 homes. The property is located along the waterfront between West 17th and 19th Streets, directly across from Maimonides Park, home of the Brooklyn Cyclones.
The topping-out ceremony was held on June 23 and was attended by BFC Partners leadership including founder Peter Ferrara, principal Joseph Ferrara, and managing principal Don Capoccia, as well as members of the construction crew.
The rendering depicts a sprawling, multifaceted massing incorporating numerous shallow setbacks. The façade will be composed of a blue-gray and earth-toned brick surrounding a grid of recessed rectangular windows.
1709 Surf Avenue was formerly occupied by a City-owned surface-level parking lot, as seen in the below Google Street View image.
The development is being funded through a mix of public and private sources, including construction debt and equity from Citi and Goldman Sachs…