Russian 'Costco' in Coney Island.Kenneth N. Segal, president/CEO of Segbro Companies, a new Jersey based developer, has overseen the redevelopment of the 22,000 s/f former Bonomo Turkish Taffy Turkish Taffy was a chewy nougat bar, which came in several flavors. It cost 5¢ in the 1960s. It was made and sold by the long-defunct Bomono Co. The TV advertising for this product was memorable and humorous. External links
Segal--who has a history of redeveloping vacant commercial properties throughout the country and worked with Royal Seafood on their Sheepshead Bay Sheepshead Bay, residential area in S Brooklyn borough of New York City, SE N.Y., on Sheepshead Bay. It was once famous for its horse and automobile races and as a resort center. The bay is an anchorage for commercial and pleasure fishing craft. store--hand-picked the West Sixth Street property because he knew the large Russian community in neighboring neigh·bor n. 1. One who lives near or next to another. 2. A person, place, or thing adjacent to or located near another. 3. A fellow human. 4. Used as a form of familiar address. v. Brighton Beach Brighton Beach is a community on Coney Island in the borough of Brooklyn in New York City. was primed for it. "Regular markets can't make it out there. There was one that opened up a few years ago and they closed almost immediately," Segal said. "Royal Seafood is a great fit for this area. This guy is like the Costco of Russian Supermarkets." Segal invested $1.5 million to renovate the property, and triple net leased it to an independent investor group. Extreme Realty represented Segal in the transaction. Segal is actively seeking more shopping centers and office buildings for turnaround deals. |
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