Fully Electric Residential Development in Coney Island Announces Grand Opening

Brooklyn’s Coney Island neighborhood now boasts the title of being the home of a newly constructed residential development that “utilizes the largest active geothermal system in New York City’s history to power its domestic hot water systems, eliminating the need for traditional fossil fuel-based equipment.” Developed by LCOR and designed by Studio V Architecture, the two-tower complex located at 1515 Surf Avenue is comprised of a pair of 16- and 26-story structures connected by a shared podium offering a combined total of 470,000 square feet hosting 463 residential units that include 139-units designated for affordable housing. Tenants will enjoy smart-home technology features and more than 35,000 square feet of a mix of indoor and outdoor amenity space. Currently pursuing LEED Zero Carbon certification, the project’s fully electric design is “estimated to reduce the building’s carbon emissions by over 60% versus comparable buildings.” According to city records, LCOR, which is majority-owned by the California State Teachers Retirement System (CALSTRS), controls the former 7-parcel assemblage under a 99-year ground lease that commenced in December 2019 from longtime owner Sirena Realty Corp.

Source:    https://newyorkyimby.com/2024/10/1515-surf-completes-construction-in-coney-island-brooklyn.html