Rubin Schron Cammeby’s International has unveiled a plan to create a new community destination in Coney Island.
Neptune/Sixth will include a mix of retail, commercial, residential and public spaces at 532 Neptune Avenue and 626 Sheepshead Bay Road.
As a community-oriented development, Neptune/Sixth will house a variety of services and retail options, while adding new amenities that the community can use and share, including a total of more than 800 parking spaces. Neptune/Sixth will also feature brand new office space for a variety of businesses.
Construction on the development’s first phase — a standalone seven-story, 161,000 s/f retail and commercial building at 626 Sheepshead Bay Road — recently commenced, and is expected to be completed by summer 2017.
Cammeby’s plans to begin site work for the retail at Neptune Avenue — comprising 90,000 s/f — this fall, with the project’s second phase, including the residential component, scheduled to break ground in late 2017.
“As longtime investors in Coney Island, we appreciate the unique cultural fabric of this community and have approached Neptune/Sixth with an eye toward creating a true neighborhood destination that supports the needs of residents and positively contributes to the area,” commented Jacob Cohen of Cammeby’s.
“We look forward to providing existing Coney Island retailers and services with an updated and modern environment in which to grow their businesses, while also welcoming new tenants to enhance the base of amenities for the neighborhood.”
Winick Realty Group has been retained as the exclusive retail leasing agent for Neptune/Sixth, while The Lawrence Group is overseeing leasing for the development’s office space. The development was designed by New York-based S9 Architecture.
“In our planning for Neptune/Sixth, we worked to gain a deep understanding of the neighborhood, its residents and businesses,” said Navid Maqami, design principal at S9 Architecture.
“Our goal is to transform the existing fragmented fabric into a vibrant urban place where people can work, shop and live. The two sites separated by elevated tracks will be linked through careful interventions under the tracks as well as use of similar materials and architectural vocabulary.”
Neptune/Sixth is the redevelopment of the former Trump Village Shopping Center and Royal Palace Baths.
Rendering top by S9 Architecture