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Thor Equities has recently obtained demolition permits from the city for two of the structures: the Bank of Coney Island building, which was built in 1923, and the Shore Hotel, built in 1903.

According to Save Coney Island, a nonprofit "committed to restoring Coney Island as a world-class amusement destination," Thor Equities has also begun asbestos abatement work, a precursor to demolition, on the Henderson Music Hall, the theater where Harpo Marx made his stage debut. Thor has also targeted the Grashorn Building, the amusement area's oldest structure, built in the 1880s, for demolition.

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