Milestone
3,400
units of housing built since the 2009 rezoning
Coney Island
Location:
Coney Island
Project Status:
Ongoing
Revitalization through Redevelopment
Since the rezoning of Coney Island in 2009, the area has undergone a remarkable revitalization through redevelopment. NYCEDC, in partnership with other City agencies and the MTA, has driven these efforts with over $750 million in public investment over the past 15 years—revitalizing the amusement district, catalyzing over 3,400 new homes, and delivering neighborhood infrastructure like new sewers and streets.
Once on the brink of disappearing, Coney Island’s amusement district now thrives as a one-of-a-kind fun and affordable playground for New Yorkers and visitors alike.
An Investment in Housing
The City’s commitment to Coney Island has sparked a wave of private investment beyond new amusement parks, particularly in housing. In the 15 years since the neighborhood rezoning, more than 3,400 units of housing have been built on the Coney Island peninsula. Development of 1,500 new units in the rezoning area accounts for nearly half that growth.
The Potential of Coney Island West
There are more chapters to be written in the story of Coney Island’s renaissance, through even more potential to be unlocked by the rezoning—to create a year-round, mixed-use district supported by vibrant residential, retail, and community- serving uses alongside entertainment and amusements.
A New Development Opportunity in Coney Island
NYCEDC has released a request for proposals (RFP) to develop a ~76,200-square-foot-site located at intersection of Surf Avenue and West 21st Street in Brooklyn. The vision is for a mixed-income residential project to address the City’s housing shortage, part of the Mayor’s ongoing commitment to prioritize and invest in the development of new housing on underutilized New York City assets.
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