“Coney Island has become one of New York City’s most exciting waterfront growth stories,” Dan Marks, CEO of TerraCRG, said in a statement. “Ongoing public and private investment has transformed the area into one of the city’s most compelling waterfront markets. As a result, opportunities to acquire premier development sites along the Boardwalk have become increasingly limited, making this one of the most significant development transactions in the neighborhood in recent years.”
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