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June 19, 2007
Coney Island Condo Plan Killed, Hotels Proposed Instead
Commercial Property News
By Eugene Gilligan, Senior Editor
An article about Thor Equities's change of plans for its Coney Island redevelopment proposal includes this bit about hotels in Brooklyn, with an interesting characterization of Atlantic Yards:
In fact, hotel development in Coney Island is in keeping with the increased level of hotel construction in Brooklyn, as the borough has seen an increased level of hotel development in recent years, McConnell said. He predicted that Fourth Avenue in Brooklyn, near the gigantic Atlantic Yards mixed-use development, should see more hotel development in the future.
NoLandGrab: A year ago, it would have been unthinkable that any reporter would characterize "Atlantic Yards" as "gigantic," even though it is the largest single-source private development in NYC history, and would be the densest residential community in the nation by a long shot.
Posted by lumi at June 19, 2007 8:44 AM