LCOR, a fully integrated real estate investment, development, and management firm, today announced the topping out at 1515 Surf Avenue, a 463-unit residential property in Coney Island, Brooklyn. Of the 463 residences, 139 will be designated affordable. The project’s construction is being led by LRC Construction and will be completed in early 2024.
1515 Surf Ave will feature the largest active geothermal system in New York City’s history.
The system will effectively use the Earth to heat and cool the building and to power its domestic hot water systems, which eliminates the need for traditional equipment that runs on fossil fuels. LCOR partnered with Ecosave USA on the design and installation of the system. Ecosave estimates that the geothermal system will reduce the building’s carbon emissions by over 60%.
“We’re proud to be celebrating this topping out milestone and to contribute to Coney Island’s resurgence and revitalization,” said Anthony Tortora, Senior Vice President & Principal of LCOR. “We are thrilled to deliver the first residential geothermal project in NYC at this scale.”
“1515 Surf proved that high rise buildings can be built above geothermal well fields, and through its efficient full electrification and the usage of renewable green energy we can run zero carbon buildings today” said Marcelo Rouco, Ecosave CEO.
Designed by STUDIO V Architecture, the building will offer over 20,000 SF of indoor and outdoor amenities, including an outdoor pool with sweeping views of the Coney Island Beach and Boardwalk, a landscaped courtyard, a state-of-the-art fitness center, an indoor basketball/handball court, multiple tenant lounges, flexible co-working spaces and on-site parking.
We’re thrilled to be celebrating the topping out of the project,” said Pete Palazzo, President, LRC Construction, LLC.“We look forward to continuing our work alongside all project and community partners involved as we look to bring the project to final completion.”
Located at 1515 Surf Avenue, between Surf Avenue and Mermaid Avenue and 15th and 16th Street, the building is located mere steps away from the Coney Island Beach and Boardwalk and to public transportation via the Coney Island-Stillwell Avenue Station where the D, F, N and Q train lines can be accessed.
Leasing at 1515 Surf Avenue is projected to commence in Q1 of 2024. For more information, please visit www.1515surf.com.
