Renderings have been revealed for the next phase of construction on Neptune / Sixth, an expanding mixed-use community located at 532 Neptune Avenue in the heart of Coney Island. Designed by Zproekt Architecture and developed by Cammeby’s International Group and Rybak Development, the next phase will see the completion of three individual towers comprising a mix of apartments, amenities, ground floor commercial spaces, community facilities and 535 parking spaces. The three towers are placed above a two-story podium that runs the entire length of the development. Components of these levels include over 40,000 square feet of retail space and nearly 21,000 square feet of community facilities.
Above the shopping podium is an expansive amenity deck with an outdoor pool, comfortable seating, light landscaping, and an illuminated race track that winds a quarter-mile around the three laps. Additional outdoor amenities will include a rooftop terrace and picnic areas.
Inside the property, residents will also have access to a fitness center, saunas and a basketball court. In total, the amenities component represents approximately 95,000 square feet.
The residential volume of the three towers will include 758,600 square feet. This includes 499 rental units ranging from studios to three bedroom floor plans. Thirty percent of the available housing will be for affordable households.
“We are incredibly proud to be a part of the next phase of the Neptune / Sixth development project as we come to fruition at 532 Neptune Ave. in the months and years to come, ”said Sergey Rybak, President of Rybak Development. “The future community will provide residents with a beautiful, eco-friendly place to live in the already vibrant Coney Island neighborhood and include the best modern amenities, including expansive green spaces and a unique outdoor activation.
The demolition of an existing shopping center at 532 avenue Neptune is already underway. After about four years of construction, the building is expected to open by May 2026.
As part of the larger redevelopment, previous phases of Neptune / Sixth include 626 Sheepshead Bay Road, a seven story commercial and commercial property that has already been completed.
“We are extremely excited to embark on the next phase of the Neptune / Sixth redevelopment and look forward to bringing another vibrant community center and destination to the Coney Island neighborhood,” said Nathan Tondow, Director of the marketing at Cammeby’s. “Alongside our project partner Rybak Development, we are confident that 532 Neptune Avenue will not only provide an incredible modern living experience for future residents, but also serve as a vibrant and magnetic retail environment for the entire region. surrounding. “
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