Recent Office Leases Signed with Hartford Financial, Real Estate Firm,
and Security Consultancy
BROOKLYN, N.Y. (March 5, 2018) – Continuing its leasing momentum, Cammeby’s today announced that 626 Sheepshead Bay Road, a state-of-the-art commercial and retail building currently under construction, is now 50 percent leased.
The seven-story, 161,000-square-foot building, scheduled for completion in the next few months, is part of Neptune/Sixth, a new mixed-use destination neighborhood within Coney Island.
Significant leases for 626 Sheepshead Bay Road’s office and community space include Hartford Financial Services, a mortgage lender. A real estate development firm and a security consulting firm have also recently taken space at the building.
The building’s retail base, anchored by neighborhood department store DII Stores, has only two storefronts left available for lease.
“We are delighted with the leasing success that 626 Sheepshead Bay Road has enjoyed and look forward to welcoming the building’s tenants this year,” said Jacob Cohen, executive vice president of development at Cammeby’s. “This building is clearly meeting a need for modern commercial and retail space in Coney Island, and we are proud to have been at the forefront of identifying this opportunity and addressing the demand.”
In addition to 626 Sheepshead Bay Road, Neptune/Sixth will also encompass a mixed-use retail and residential building at 532 Neptune Avenue, which is currently under development. Environmental remediation of the site was recently completed – a significant milestone that paves the way for accelerated progress to be made on vertical construction of the building’s retail space. Last year, Cammeby’s announced multiple retail leases for 532 Neptune Avenue, including those with regional supermarket NetCost, Capital One, CVS Pharmacy and Apple Bank.
As a community-oriented development, Neptune/Sixth is set to be home to a diverse mix of both retail shops and service-oriented business, while adding new amenities that the community can use and share, including ample parking. Following Cammeby’s lead, other development firms have recently announced plans for ambitious mixed-use Coney Island projects of their own, a clear indication that economic revitalization is on the upswing in South Brooklyn.
Designed by New York-based S9 Architecture, Neptune/Sixth is the comprehensive redevelopment of the former Trump Village Shopping Center and Royal Palace Baths.