Coney Island blog Amusing the Zillion notes that Thor Equities has purchased another couple holdings on Surf Avenue in Coney Island, including the Eldorado Building, a longtime bumper-car business. Price tag? $4.5 million. The blog says the owners of the Eldorado and the neighboring ice cream shop are expected to stay open for at least this season and that both had been looking to retire and sell the properties. So what’s in it for Thor? Here’s what the rumor mill is saying: “[it could help] the controversial rezoning for ‘hotels’ of up to 27 stories on the south side of Surf. One of these parcels is the corner of Surf and Stillwell, where Thor demolished the century-old Henderson Music Hall to build a one-story building that remains vacant. Sitt is expected to tear down the Eldorado building, which dates back to 1928, and the Coney Island Rumor Mill is saying Thor will try to acquire other property on the Bowery.” As with all things Coney and Thor-Coney related, nothing seems to be moving terribly quickly in terms of large-scale new development, though.
Thor Equities Paid $4.5M for Coney Island’s Eldorado [ATZ]
Photo copyright Amusing the Zillion
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