In Coney Island, vertical construction has reached its peak for New York City's first multifamily geothermal development, according to multiple published reports.

The project from LCOR, located at 1515 Surf Avenue, consists of a 16-story building which will feature 463 apartments - 139 of which designated as affordable housing.

Studio V Architecture is designing the tower, which will include amenities such as an outdoor pool, a landscaped courtyard, a fitness center, an indoor basketball court, co-working spaces, and parking.

Leasing for 1515 Surf Avenue is expected to commence in the first quarter of 2024.

The project joins a growing number of new developments which are utilizing geothermal systems to heat and cool its interior, while also powering its water systems. The use of natural heating and cooling is intended to help the city reach its goal of carbon neutrality by 2040, and follows a citywide ban on gas hookups for tall buildings that will begin in 2027.

While 1515 Surf Avenue is the largest geothermal project in New York to date, it will soon be eclipsed by the 36-story Lendlease high-rise which recently broke ground at 1 Java Street in Greenpoint.