“As longtime investors in Coney Island, we appreciate the unique cultural fabric of this community and have approached Neptune/Sixth with an eye toward creating a true neighborhood destination that supports the needs of residents and positively contributes to the area,” says Jacob Cohen of Cammeby's. “We look forward to providing existing Coney Island retailers and services with an updated and modern environment in which to grow their businesses, while also welcoming new tenants to enhance the base of amenities for the neighborhood.”

Business owners at Trump Village Shopping Center filed a lawsuit against Cammeby's in May charging the developer violated the terms of their leases by attempting to move them out of their current locations, according to a report in The Real Deal. The shopping center is slated to be demolished to make way for the residential tower.

The development's website in its description of the project states, “The current businesses located at 532 Neptune are an important part of the plan. They are assets to the community today, just as the completed Neptune/Sixth aims to be an asset to the community tomorrow. During development, these vital businesses and services will relocate within the Neptune/Sixth development site, allowing for continued access, service and convenience to their loyal customers.”

Winick Realty Group has been retained as the exclusive retail leasing agent for Neptune/Sixth, while The Lawrence Group is overseeing leasing for the development's office space.

NEW YORK CITY—Developer Cammeby's has unveiled plans for the first phase of its Neptune/Sixth mixed-use development project to be built on Neptune Avenue and Sheepshead Bay Road in the Coney Island section of Brooklyn.

The Neptune/Sixth project calls for the development of retail, commercial and residential spaces at 532 Neptune Ave. and 626 Sheepshead Bay Road. The project is the redevelopment of the former Trump Village Shopping Center and Royal Palace Baths.

Construction recently began on the development's first phase –a standalone seven-story, 161,000-square-foot retail and commercial building at 626 Sheepshead Bay Road. Work on that building is expected to be completed by the summer of 2017. New York City-based S9 Architecture designed the development.

Cammeby's says it intends to begin site work for the retail at Neptune Avenue—totaling 90,000 square feet—this fall. The project's second phase, including the 42-story residential tower on Neptune Avenue, is scheduled to break ground in late 2017.

“As longtime investors in Coney Island, we appreciate the unique cultural fabric of this community and have approached Neptune/Sixth with an eye toward creating a true neighborhood destination that supports the needs of residents and positively contributes to the area,” says Jacob Cohen of Cammeby's. “We look forward to providing existing Coney Island retailers and services with an updated and modern environment in which to grow their businesses, while also welcoming new tenants to enhance the base of amenities for the neighborhood.”

Business owners at Trump Village Shopping Center filed a lawsuit against Cammeby's in May charging the developer violated the terms of their leases by attempting to move them out of their current locations, according to a report in The Real Deal. The shopping center is slated to be demolished to make way for the residential tower.

The development's website in its description of the project states, “The current businesses located at 532 Neptune are an important part of the plan. They are assets to the community today, just as the completed Neptune/Sixth aims to be an asset to the community tomorrow. During development, these vital businesses and services will relocate within the Neptune/Sixth development site, allowing for continued access, service and convenience to their loyal customers.”

Winick Realty Group has been retained as the exclusive retail leasing agent for Neptune/Sixth, while The Lawrence Group is overseeing leasing for the development's office space.