532 Neptune Avenue
Update
02/09/23
Triple-Tower Mixed-Use Project Rises in Coney Island
Superstructure work has begun for a massive, 3-tower, mixed-use project, going up at 532 Neptune Avenue in Brooklyn's Coney Island neighborhood. Dubbed "SKY 3", it will consist of two 22-story towers and a single 21-story tower, connected at the base by a 2-story podium.
Jointly developed by Rybak Development and Cammeby's International Group, the towers will contain 499 rental apartments, offered in studio and one to three-bedroom configurations.
The building will boast 100,000 square feet of tenant amenities, including an Olympic size swimming pool, a fitness center, an indoor basketball court, a quarter-mile running path, a golf simulator, a sauna and steam room, a club lounge, a screening room, a children's playroom, a dog run, various private event spaces, and a business center with coworking areas.
In addition to the vast residential portion, plans call for 58,795 square feet of ground-floor retail space, 20,387 square feet of community facilities, and an enclosed, 535-vehicle parking garage.
SKY 3 is being constructed as part of the two-phase Neptune/Sixth development plan. Constituting the 2nd phase, it will join a brand-new retail strip that was built next door during Phase 1 (Phase 1 shares the same address, ie. 532 Neptune Avenue).
Designed by Zproekt Architecture, the entire 2-phase development will total 929,187 square feet, with a combined 114,402 square feet of retail space, and 870 parking spaces. Construction is expected to wrap up on SKY 3 by December of 2025.
