From Curbed.com

Behold! The new and improved Coney Island of the future, maybe. As we’ve said
before, shopping mall developer Thor Equities has been buying up land
along the Boardwalk like it’s going out of style (which it did, about
30 years ago), to much speculation as to what they’re up to and how it
will fit in with the city’s own redevelopment plans. New York magazine went to the source