All renderings courtesy of NYC Department of Housing Preservation and Development
A three-tower luxury development in Coney Island opened a lottery last week for 150 middle-income apartments. Less than half a mile from the Riegelmann Boardwalk and beach, the sprawling development at 532 Neptune Avenue includes 499 apartments across three buildings and a whopping 95,000 square feet of amenities, including a rooftop, swimming pool, and a running track that encircles the property. Qualifying New Yorkers earning 130 percent of the area median income can apply for the apartments, priced from $2,449/month for studios and going up to $3,495/month for a two-bedroom.
The site of the project was formerly home to Trump Shopping Village, adjacent to the seven-building co-op apartment complex Trump Village. Developer Cammeby’s International Group purchased the site of the development as part of a 6,000-unit buy from the Trump family in 2003 for about $700 million, as The Real Deal reported.
In 2014, Cammeby’s revealed plans for Neptune/Sixth, a mixed-use development with a 40-story residential tower, which would have been the tallest residential tower in south Brooklyn at the time. The project faced backlash from residents of Trump Village over the height of the tower and over possible toxic chemicals released during construction, since the site was formerly home to a gas plant…