Block of Winick Realty leases 3,300 s/f to Capital One Bank at Cammeby’s Neptune/Sixth development on Coney Island

Lee Block, Winick Realty

Brooklyn, NY According to Cammeby’s, Capital One Bank has recently signed a lease to become the latest retailer at Neptune/Sixth, Cammeby’s new mixed-use neighborhood destination at 532 Neptune Ave. and 626 Sheepshead Bay Rd. in Coney Island.

The agreement will allow Capital One Bank to maintain its long-term presence in the Coney Island community. The bank operates a branch in a temporary space along Neptune Ave. while its new 3,300 s/f space within Neptune/Sixth is being constructed.

The lease comes on the heels of announcements that both CVS Pharmacy and Apple Bank for Saving will occupy ground-floor retail spaces at 532 Neptune Ave. within Neptune/Sixth. CVS, Apple Bank and Capital One Bank had previously been tenants of a former shopping center property that Neptune/Sixth will encompass.

Neptune/Sixth - Brooklyn, NY

“We are thrilled that Capital One Bank will remain in Coney Island, and play a key role in the neighborhood’s ongoing revitalization as part of Neptune/Sixth,” said Jacob Cohen, executive VP of development at Cammeby’s. “It represents yet another of the longtime area businesses that will continue to serve its customers as part of this modern, significantly enhanced community development.”

In addition to Capital One Bank, CVS and Apple Bank, Neptune/Sixth is set to be home to a mix of both retail shops and service-oriented business, while adding new amenities that the community can use and share, including ample parking. The development also features brand new office space that a number of businesses will call home.

Construction on the development’s first phase – a stand-alone, seven-story, 161,000 s/f retail and commercial building at 626 Sheepshead Bay Rd. – has begun, and is expected to be completed by this summer. Site work for the retail at Neptune Ave.– comprising 90,000 s/f – is also underway.

“Both Cammeby’s and Capital One Bank have shown a strong commitment to working together to reach an agreement that will ensure customers will continue to access the bank’s services throughout the entire construction of Neptune/Sixth,” said Lee Block, executive VP at Winick Realty Group, the exclusive retail leasing agent for Neptune/Sixth.

“This branch provides a key service to both longtime and new residents of Coney Island, and we are heartened that it will remain here for years to come.”

Designed by New York-based S9 Architecture, Neptune/Sixth is the comprehensive redevelopment of the former Trump Village Shopping Center and Royal Palace Baths. For more information, visit www.neptunesixth.com.