New York City's first geothermal apartment complex tops out in Coney Island

2023-05-31T08:11:00-04:00

LCOR, along with energy solutions company Ecosave USA, has topped out the first geothermal apartment complex in New York City. Located at 1515 Surf Ave. in Coney Island, this project stands as the city's largest district geothermal ground-source heat pump project to date. The system aims to decrease the building’s energy consumption by over 60% compared to structures equipped with standard HVAC systems.

The project, designed by STUDIO V Architecture, received partial funding from New York’s Community Heat Pump Pilot Program. This aligns with the state's goals towards net-zero climate emissions.

The building features an array of amenities such as an outdoor pool, fitness center, landscaped courtyard, indoor handball and basketball courts, tenant lounges, co-working space, and on-site parking. A portion of the building’s residences, 30%, is set aside as affordable housing.

The expected completion date for the construction of this building is in early 2024.

Some of NYC’s biggest high-rollers want a casino in Coney Island, but local residents aren’t buying in

2022-08-04T10:00:00-04:00

If real estate developers get their way, Coney Island may soon be losing its seasonal vibe. The New York Post is reporting that several of the city's leading corporate entities, including Miami Dolphins owner Stephen Ross' Related Companies, Vornado, and S.L. Green, have expressed interest in two of the state's three new available casino licenses as part of an expansion endorsed by Governor Kathy Hochul.

Looking to Atlantic City as a model, Thor Equities owner Joe Sitt is pitching a gaming destination in his native Coney Island as a potential commercial booster. Hudson Yards, Times Square, and Queens’ Willets Point neighborhood have also been floated. In total, the projects could bring in at least $1.5 billion in license revenue for the state. The year-round operation of the casinos could engender even greater profits dependent on an agreed-upon tax rate between the state and potential developers.

Other than money, the subway system seems to be the main determining factor in the m...

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New York City's first geothermal apartment complex tops out in Coney Island

Some of NYC’s biggest high-rollers want a casino in Coney Island, but local residents aren’t buying in