View Single Post
Old Posted Dec 28, 2006, 12:37 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 44,315
NY Post


December 28, 2006

The developer planning a $2 billion face lift for Coney Island's amusement area is close to a deal to buy a well-known local Italian restaurant - so he can use the site for luxury housing, sources told The Post yesterday.

Gargiulo's Restaurant, a Coney Island institution since 1903, could be relocated a few blocks away to the proposed larger boardwalk project, a Vegas-style entertainment area between West 12th and West 15th streets.

Developer Thor Equities last month bought the Astroland amusement park and hopes to replace it with a theme hotel and spectacular new rides.

The overall project would include other hotels, stores, housing, an indoor water park, a multilevel carousel, and a 4,000-foot-long roller coaster.

The company is awaiting city approval, but hopes to break ground in 18 months and wrap up in about five years.
NEW YORK heals.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote