BROOKLYN, NEW YORK — Following a request for proposals, the New York City Economic Development Corp. (NYCEDC) has selected RYBAK Development to build a 505-unit, mixed-income community on Surf Avenue between West 21st and 22nd streets in Coney Island. The project, named Tilyou Towers, was designed by Brooklyn-based IMC Architecture. RYBAK plans to begin construction in 2027 and estimates the project will be complete by 2030. The site was a former parking lot owned by the city.
Twenty-five percent of the units at Tilyou Towers will be set as aside as affordable, with rent caps ranging from 40 to 100 percent of area median income. Additionally, the project will feature 65,000 square feet of indoor and outdoor amenities, 160 public parking spaces, a structured parking garage and approximately 30,000 square feet of ground-floor retail space.
Earlier this year, New York City Mayor Eric Adams finalized plans to redevelop Coney Island, which includes the addition of 1,500 new homes, reconstruction of the historic Riegelmann Boardwalk and investments in streets, sewers and public improvements, including a $42 million renovation of the Abe Stark Sports Center to include a new entrance and signage on the boardwalk, improved ice-skating facilities and other amenities.
Redevelopment of this area, known as Coney Island West, began with the construction of two affordable housing projects, Vets Place and Raven Hall, which opened in 2019 and 2022, respectively. An additional affordable housing project, Luna Green, is currently under construction on the same block as Tilyou Towers and is estimated to be complete in 2028. New streets, including Ocean Way and Parachute Way, will accompany development, and ground-floor retail will provide new neighborhood amenities.