Coney Island is not all fun and games.
While still known for its famed boardwalk brimming with amusements and entertainment attractions, today’s Coney Island is evolving into a ‘live, work, play’ community, as evidenced by new commercial and residential developments that are infusing vitality into the neighborhood.
Among the most notable new developments contributing this positive transformation is Neptune/Sixth, a community-oriented, mixed-use development positioned as a hub of transportation, shopping, restaurants, residences and services for the Coney Island community. Currently under development, Neptune/Sixth’s first phase – a seven-story office and retail building with parking at 626 Sheepshead Bay Road – is preparing to begin welcoming tenants by the end of this year, with neighborhood department store DII serving as the building’s anchor tenant. Construction on the development’s second phase – a retail and commercial development along 532 Neptune Avenue that will eventually adjoin with a new iconic 42-story residential tower – has also recently started.
The quick pace at which Neptune/Sixth’s office and retail space has attracted tenants demonstrates the pent-up demand for modern commercial space options in Coney Island, where limited new construction has been delivered to the market over the past several decades; in addition to DII, regional grocery chain NetCost, Capital One, CVS Pharmacy and Apple Bank have all signed leases to occupy space within Neptune/Sixth.
Beyond capitalizing on this market demand, Neptune/Sixth also reflects the growing trend in smart urban planning toward mixed-use developments that combine residential, retail and commercial spaces, and provide seamless access to the surrounding neighborhood. Outdoor landscaping and new seating areas will create connectivity between Neptune/Sixth’s buildings and contribute to the improved pedestrian experience afforded by this new neighborhood destination, designed by New York City-based S9 Architecture.
The long-awaited revival of Coney Island is well underway, and new developments like Neptune/Sixth are leading the charge. For information about commercial leasing opportunities at Neptune/Sixth, contact The Lawrence Group at 646-844-4208. For more information about Neptune/Sixth, visit .