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The Brooklyn Paper and The Post are making waves today with sensational headlines about Nathan's Coney Island flagship being doomed by the city's final rezoning plan for the area. But as we cautioned yesterday, this is pure speculation, based on assumptions that the rezone will raise the value of Nathan's property so high that the owner will be tempted to sell. Nathan's CEO Eric Gatoff released this statement this morning: "We remain committed to Coney Island in the long-term and we fully intend to maintain our historic flagship restaurant at 1310 Surf Avenue... As to the latest report issued by the City, we believe the information relating to Nathan's Famous is being misinterpreted and that there is no intention to replace or demolish our flagship location." So everybody calm down; there's certainly plenty to get worked up about on Coney Island right now, but Nathan's Famous lips and assholes will available on Surf Avenue for a long time to come.
Nathan's Famous on Coney Island Not Going Anywhere, Owner Says
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If you're calmed down, you have a false sense of security. Nathan's Famous Corp doesn't own their building, they lease it from the Handwerker family who does not own Nathan's Famous. What will happen in 20 years when the lease is up and Coney Island has been transformed by the city's rezoning into a neighborhood with $1m high rise condos like Brighton Beach and (we hope)a city-owned beachfront park?
By "upzoning" lots in Coney Island where historic structures unprotected by landmark designation like Nathan's stand, the city is making them into "projected" or "potential" development sites. The city is doing nothing to encourage preservation. The rezoning is actually encouraging the structures' alteration or destruction. Other structures that may be threatened by the proposed zoning: Henderson’s, Grashorn Building (Coney's oldest structure), Bank of Coney Island on 12 St, Shore Hotel, Popper Building, Shore Theater, and south blockfront of Surf Avenue between 12th Street and Stillwell.
The real danger to Nathan's is clear to anyone who actually bothers to read the full text of the city's own warning in their report:: "In the absence of NYCL designation for this resource located on a development site, and as the site is privately owned, there are no procedures in place that would ensure pre-construction design review or preventative measures to minimize effects of construction and potential demolition. Therefore, the potential development identified on the site containing Nathan’s Famous would result in direct significant adverse impacts to this S/NR-eligible resource through demolition or potential alteration."