Posted Jul 29, 2025, 2:40 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
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https://www.citybiz.co/article/723462/bf...transformation-of-historic-coney-island/
BFC Partners Break Ground at 1709 Surf Avenue, Capping Off Transformation of Historic Coney Island
July 28, 2025
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BFC Partners, one of New York City’s most celebrated and active affordable housing developers, today held a groundbreaking at 1709 Surf Avenue, the third and final phase of their ambitious project along Coney Island’s oceanside avenue. This final phase will deliver 420 new affordable residential units, completing the firm’s goal of bringing 1,242 affordable homes to the seaside community. All of the homes are 100% affordable. A recording of the event can be streamed here.
1709 Surf Avenue will rise on what was an underutilized surface parking lot and formerly City-owned parcels of land. The New York City Department of Housing Preservation & Development (HPD), the New York City Housing Development Corporation (HDC), Citi and Goldman Sachs partnered with BFC on the development, scheduled to be completed in 2028.
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Located near the Stillwell Avenue subway station where the B, D, F, Q, and N lines converge, the new construction provides residents with direct and convenient access to all parts of New York City. Additionally, it provides BFC Partners with an avenue to support the City and State’s goals for more transit-oriented development.
The second phase of the Coney Island projects,1607 Surf Avenue, was completed in 2024 and its 376 units are nearly 100% leased and occupied. Phase I was completed in 2021, and its 446 units are fully occupied.
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https://nypost.com/2025/07/28/business/c...housing-tower-near-famed-parachute-jump/
Coney Island booms with new all-affordable housing tower near famed Parachute Jump
By Steve Cuozzo
July 28, 2025
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Mayor Eric Adams on Monday helped break ground on an all-affordable apartment tower in the shadow of Coney Island’s famed Parachute Jump – the latest in the area’s sizzling real estate development.
Adams grabbed a shovel to join executives from developer BFC Partners, along with those from Citi, Goldman Sachs and two city agencies at 1709 Surf Ave.
The 420-unit building, behind the Coney Island boardwalk, will complete the final phase of a trio of properties BFC has brought to the once-underutilized blocks between West 16th and West 18th Street. The three buildings will add 1,242 new apartments.
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West view from LCOR’s at 1515 Surf Ave.
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