PYE Properties

On the heels of news that Coney Island will be getting its first new hotel in 50 years, plans have surfaced for a 150,000-square-foot expansion of Luna Park that will bring new rides, food and arcade games. The faded but beloved seaside icon has been in the news recently for a renewed pace of development that many see as new promise for the area. A log flume ride, zip lines and a ropes course are coming to the block between Surf Avenue and the boardwalk and between West 15th and West 16th streets, with food, arcade games and seating planned for two more streets nearby. And according to NY1, developer PYE Properties has proposed a boutique hotel in the historic Shore Theater, a 1920s landmark that has fallen into disrepair and has been vacant since 1978, attracting the homeless and graffiti but little attention.
Find out more