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One of America's most iconic beach towns welcomes 1,100 new homes
One of America's most iconic beach towns welcomes 1,100 new homes

Daily Mail​

timea day ago

  • Business
  • Daily Mail​

One of America's most iconic beach towns welcomes 1,100 new homes

Affordable housing units are set to break ground close to one of America's most iconic beaches. New York City officials are touting a new housing project just blocks away from Coney Island's boardwalk entrances. The neighborhood, which hangs on the southern tip of Brooklyn, offers a dose of chaos and nostalgia. A scent of fried dough hangs in the air, wooden roller coasters rattle overhead, and sunburned crowds shuffle between jam-packed beaches and hot dog stands. But not everyone is excited about the development. 'People say, "Don't get a heart attack on Fourth of July because it'll take two hours for ambulance to come to your house,"' Angela Kravtchenko, a vice chair of the local land use committee, told Gothamist. Nevertheless, city officials are touting the upcoming construction site as a win for affordability in a city battling a housing price crisis. The development will include 1,100 units of housing, including 720 affordable apartments. In one building, the average price for a one-bedroom will be around $1,800 a month, a steep discount compared to the rest of Brooklyn. In July, new renters in the borough signed leases that pushed the median rent over $2,800 a month for a 545-square-foot apartment. Nearby Coney Island homes are even pricier, with average monthly rent hovering above $3,200. Coney Island's newest housing is part of Mayor Eric Adams' sweeping plan to rewire New York's outdated zoning laws called 'City of Yes.' The city's top politician has been sifting through bureaucratic red tape to build housing, open small businesses, and install green tech like solar panels. For years, housing advocates have warned that demand keeps climbing while new apartment construction lags behind. The Adams administration says it's answering that call — with what it touts as two straight years of record-breaking homebuilding. Still, not everyone's convinced. The boardwalk is another popular tourist destination - nearby residents worry that increasing population density and tourism could be a toxic mix Drivers worry that the new development will clog streets in a neighborhood already buckling under traffic. It's the kind of issue the city has tried to tackle with tolling initiatives — most famously, congestion pricing in lower Manhattan. That plan slaps a $9 toll on cars entering below Central Park during peak hours. Officials say it's raising funds for public transit, reducing pollution, and clearing a path for emergency vehicles. But the system doesn't extend to Brooklyn. Also, environmental activists are worried that the area is increasingly at risk for sea-level rise. Hofstra University conducted a land survey that found most of Coney Island is expected to flood more frequently in the coming decade. Despite the backlash, the Mayor's office is charging ahead with the Coney Island project. Housing projects like this one are expected to feature prominently in Adams' re-election pitch. In the meantime, hot dog–loving future residents might want to prep their stomachs. They could soon be living steps away from Nathan's — and might compete in the chain's famous hot dog eating contest.

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