Coney Island Phase I is a 446-unit mixed-use project located in the Coney Island neighborhood in Brooklyn, New York. Developed by BFC Partners, L+M Development Partners LLC. and Taconic Investment Partners and constructed by L+M Builders Group LLC, the project includes two 16-story towers above a 7-story podium and measures approximately 521,000 gross square feet.

The project includes 446 rental apartments – located on the second through the sixteenth floors – affordable to households whose income does not exceed 100% of area median income, and two landscaped decks on the 8^th floor for passive recreational use. It also includes approximately 96 residential and commercial covered parking spaces on the ground floor and approximately 15,000 gross square feet of dry flood proofed retail space. Additionally, approximately 66,000 gross square feet of new office space is available for the New York City Human Resources Administration (HRA).

The project is constructed as a concrete podium with block and plank on floors 2-16. The design employs distinctive material and color combinations to reflect the palette of its beachfront location and fit within the context of the greater Coney Island district.

The site is conveniently located 0.4 miles from the Coney Island Stillwell Avenue Q train station, across the street from the Brooklyn Cyclones at MCU Park and 0.3 miles from the historic Coney Island boardwalk and beach.