SHEEPSHEAD BAY'S ONLY INDEPENDENT NEWS BLOG

Thor’s vision for its Surf Avenue properties. Source: Thor Equities

Thor Equities, the global urban real estate developer, has announced plans to rent parcels at reduced rates in its new building at the corner of Surf Avenue and Stillwell Avenue in an effort to encourage the growth of local small businesses in the area, according to a press release.

“Coney Island’s popularity has reached record proportions, but we can never forget what got us here – local, ahead-of-their-time business owners who brought flair, hipness and edge to the People’s Playground,” announced Thor CEO Joe Sitt, adding, “While it is wonderful that national chains are now coming to Coney, providing needed jobs and year-round revenue to the community, we must always remember the history of this iconic neighborhood.”

So far, reaction to this plan remains skeptical. Amusing The Zillion highlighted a 2008 New York Post article in which Sitt took severe measures against local Coney business operators, by clipping and changing their storefront locks on Christmas Eve, and hanging “For Lease” signs in their storefront windows. Has Sitt pulled a 180 on small businesses?

Another caveat in Sitt’s altruistic gesture to the local small business people of Coney Island is that the rents will only be slashed for 2013. Amusing The Zillion, recalling the documentary “Zipper,” noted that Sitt’s real plans for Coney Island’s future involves installing a series of national chains. In the documentary, Sitt listed Dave and Buster’s, the Hard Rock Cafe, Ripley’s Believe It Or Not and Howie’s Game Factory as his choices to fill in and replace the Coney landscape.

Thor’s new one-story building is on the spot once occupied by the century-old Henderson Music Hall, a building that was demolished when the city re-zoned it in July 2009. Since being erected last January, the sleek and sterile-looking new building has since been covered with plywood decorated in the Coney Island style, promising “THE RETAIL RIDE OF A LIFETIME,” with info about leasing opportunities.

1752 Shore Parkway, the future home of BJ's (Source: PropertyShark.com)

Our sister site Bensonhurst Bean has updated its story on Brooklyn Bay Center, a planned Thor Equities development at 1752 Shore Parkway that will have BJ’s as its primary tenant.

The development has received approval from the City Council, following positive recommendations from Community Board 11 and the Brooklyn Borough President. Though the project may be moving forward, there remain some lingering complications that Bensonhurst Bean was first to report on,  including concerns about increased automobile traffic, as well as a decrease in foot traffic in the area’s main streets.

But the approval is still welcome news for local leaders, who continue to tout the 250 unionized construction jobs the development will bring, in addition to the retail positions once it opens – not to mention the renovation of a currently dilapidated waterfront space, opening it up to the public.

To meet concerns about the traffic, Bensonhurst Bean reports, Assemblyman Peter Abbate is trying to nab state funding for traffic mitigation. Possible measures include relocating the Belt Parkway’s Bay Parkway exit east of its current location.

No word yet on Markowitz’s demand that Thor include a “destination restaurant” as a tenant on the property. We’re betting there won’t be one.

Proposed site of Brooklyn Bay Center, featuring BJ's Wholesale Club

Borough President Marty Markowitz gave the green-light to Thor Equities’ plans to build a shopping center near Ceasar’s Bay that would include a BJ’s Wholesale Club, but not without some caveats – the famously food-friendly beep is demanding a classy waterfront restaurant be among the complex’s four tenants. But with a notably toothless approval/recommendation process, we’re not holding our breath.

Find out what Markowitz wants, and why we don’t think it’ll ever happen.

The future site of Bensonhurst's BJ's Wholesale Club? Maybe. (Source: PropertyShark.com)

Our little sister site has nabbed its first scoop! Bensonhurst Bean is reporting that Thor Equities – the developer behind much of Coney Island’s interim destruction – is a stone’s throw away from receiving the green light to build a BJ’s Wholesale Club along the Bensonhurst-Bath Beach waterfront.

Thor’s plan calls for a two-story 214,000-square-foot retail space near Caesar’s Bay Shopping Center. The four-unit commercial project, to occupy 1752 Shore Parkway (at Bay 38th Street), is being called Brooklyn Bay Center, and will house a BJ’s Wholesale Club, with three remaining retail units, including, they hope, a restaurant, on the second floor.

The plan went by Community Board 11 with nary a whisper in opposition, save for a long-time small business advocate who wants establishments like this to be built inside existing commercial corriders, driving foot traffic to area merchants.

The community is also asking for a few commitments from the developer, like the construction of a park, public access to the waterfront and even an Eco Dock.

The project goes before the Borough President tonight, at 5 p.m. in Borough Hall. His recommendations will be passed on to the Department of City Planning.

Oh, and the cherry on top for taxpayers? Assemblyman Peter Abbate is looking to secure state funds to relocate the eastbound Belt Parkway entrance further east to keep it clear of the development site.

Check out Bensonhurst Bean for the full story and to weigh in on the proposal.

Thor's vision for its Surf Avenue properties

We received the following e-mail from Save Coney Island, a group dedicated to, um, saving Coney Island. To give you the gist: in order to help preserve the district’s character, the group asked the Landmarks Preservation Committee to create a historic district that would protect many of the buildings on and around Surf Avenue from demolition. However, LPC is a notoriously slow agency, and developer Thor Equities is moving quickly to destroy the buildings before the LPC has a chance to evaluate them. Save Coney Island is trying to halt that from happening, and has created an action plan for residents to help stop “Thor’s Hammer” in mid-swing. You can learn more about Save Coney Island at their website. Below is their e-mail.

Last week, Thor Equities announced that it would immediately begin demolishing the historic buildings that it owns along Surf Avenue in the amusement district. This could mean the end of historic Coney Island. The threatened structures include the Grashorn Building (built in the 1880s), the Henderson Music Hall (built circa 1900), the Shore Hotel (built circa 1903), and the Bank of Coney Island (built circa 1923).

These buildings have great historical and cultural significance: They provide a link to the period of Coney Island’s emergence as the world’s greatest amusement area. They also offer tremendous potential to provide a unique Coney Island experience if they are restored and reused.

Don’t let Thor to destroy Coney Island’s history and ruin the amusement area for future generations.

Keep reading and see the action plan