Apple Bank Signs Lease At Neptune/Sixth, Will Move Into Building From Trailer
Apple Bank is coming to the epic, in-the-works Coney Island three-phase, mixed-use project Neptune/Sixth, located across from Trump Village at 532 Neptune Avenue .
Project developer Cammeby’s made the announcement yesterday, after Apple Bank signed a lease, joining CVS at the 161,000-square-foot retail and commercial building.
Currently, Apple Bank has a temporary location in a trailer on the construction site that will move into their new space in the completed Neptune/Sixth building once it is finished. The trailer has full banking services, and according to a rep is a “very nice trailer.”
The first phase of the development, currently under construction, entails a seven-story commercial building. The second phase is a 90,000-square-foot single-story retail structure. Construction on the second phase building recently began, and CVS Pharmacy has already leased 11,300 square feet. Apple Bank has leased approximately 2,800.
The final phase of the development will include a 42-story, 544-unit, 752,880-square-foot residential building with commercial space across three stories.
In addition to the new amenities, the glistening Neptune/Sixth complex will include more than 800 parking spaces and will feature new office space for a variety of businesses, according to a spokesperson for Cammeby’s.
New renderings released in September showed a more classic brick design for the single-story commercial structure than the original, glassy renderings. We personally think it’s much more pleasant in its new rendering-incarnation.
Once complete, the development will alter Coney Island’s skyline and fabric, bringing significantly more commercial space (and residents) to the area.
The architects of record are S9 Architecture, who have numerous other ongoing projects throughout Brooklyn, and SLCE Architects, a similarly prolific developer with a portfolio boasting largely big name high rises in north Brooklyn and Manhattan.
The commercial strip will replace the Trump Village Shopping Center and a shuttered bath house across the street. The new shopping strip is intended to house a variety of services and retail options — addressing complaints that residents, particularly seniors, lose access to essential healthcare and shopping amenities with the removal of the old shopping strip.
The community has voiced a number of problems with the mega-project, especially regarding phase three of the development. Noted problems include fears about parking, overcrowded schools, pollution, lack of sunlight, and noise.
In addition, Cammeby’s was hit with a $75 million lawsuit seeking damages from commercial tenant DII, a clothing chain that has a location in the shopping center and alleges Cammeby’s construction has “disrupted the day-to-day operations” of its Neptune Avenue store.