Owners of the Gargiulo's Restaurant in Coney Island, Brooklyn have implemented a 99-year ground lease on their property at 1517 Surf Ave., a near full-block of development land just blocks away from the Coney Island beach waterfront.

The Pilsen Gateway project is located in a Qualified Opportunity Zone near the city's Medical District. It is being developed on a 1.24-acre site at 1461 S. Blue Island that is bounded by S. Racine Avenue, S. Blue Island Ave. and 15th St.

Glamping offers the benefits of potentially lower costs associated with developing and operating properties and as a result, leading hotel operators are now on the radar screens of select hospitality investors.