After reading this weekend’s story in The Times about the stand-off in Coney Island between Thor Equities, the major landowner in Coney Island, and the City, which is pushing ahead with a rezoning of the area and desperately wants the 10.5 acres that Thor controls, we’re surprised there hasn’t been a larger outcry about the overly-cozy relationship between Thor’s founder Joe Sitt and City Councilman Donald Recchia, his close childhood friend who appears to have his back at every turn. “Mr. Recchia has gone to great lengths to support his friend, including involving himself in the negotiations over a land price,” writes The Times. “At a time when the city is slashing its budget, Mr. Recchia has urged the city to pay more.” Recchia also pushed for stipulations at the community board level that would allow for larger retail tenants than the city’s plan calls for, a move designed to play to Thor’s strength as a strip mall operator. Kinda unseemly, no?
City and a Developer Face Off Over Coney Island’s Future [NY Times]
Photo by Mark Elkhatib
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Urban Market opened Friday at the foot of the Williamsburg Bridge at 11 Broadway. The 16,000-square-foot store is an offshoot of Key Food and aims to offer both upscale and basic items, according to a press release sent out by landlord L+M Development Partners. The store features a gourmet deli with a kosher section, a […]
This four-story brownstone at 789 Quincy Street has a nice amount of original detail, but looks like it could use a little polishing. The listing says it’s “fully functioning and awaiting your cosmetic upgrades.” It’s in the northeast corner of Bed Stuy near Broadway and the Gates stop. How do you like it and the […]
This three-bedroom condo at 1 Montgomery Place in Park Slope is very impressive. The 2,624-square-foot duplex has been carved out of a former mansion and includes a 750-square-foot private garden. The layout is much more generous than what you’d find in a typical brownstone and there are lots of original details. Asking price: $2,650,000. 1 […]