NYC Selects Rybak as Developer for Coney Island Housing Project
The New York City Economic Development Corporation (NYCEDC) has chosen Rybak Development to build over 500 units of mixed-income housing on Brooklyn’s Coney Island.
As part of the city’s redevelopment project, Coney Island West, Rybak will convert an 80,000-square-foot city-owned lot into a $350 million residential complex called Tilyou Towers.
The complex is named after George Tilyou, founder of Coney Island’s original Steeplechase Park.
The project, located on Surf Avenue between West 21st and West 22nd streets, will transform a former parking lot into a vibrant residential area.
Author’s summary: Rybak Development to build 500+ units of mixed-income housing in Coney Island.
- Developer: Rybak Development
- Location: Coney Island, Brooklyn
- Number of units: Over 500
- Project name: Tilyou Towers
- Cost: $350 million
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