Overview
- NYCEDC picked Rybak Development to convert city-owned Parcel A on Surf Avenue into Tilyou Towers, positioning it as the opening project for Coney Island West.
- The $350 million IMC Architecture design calls for two 28-story towers over an 11-story podium with 505 rentals—383 market-rate and 122 affordable—plus retail and amenities.
- City materials detail an 11th-floor outdoor terrace with an infinity-edge pool, indoor amenity spaces, ground-floor retail, a planned public plaza, and a parking garage.
- The city said 160 public parking spaces will remain available during construction before being replaced by the new garage; construction could start in 2027 with delivery by 2030.
- Gothamist reported Rybak helped raise more than $28,000 for Eric Adams’ 2021 campaign, drawing watchdog concerns; NYCEDC said the choice followed a competitive process and the developer said its bid was strongest.