In the last decade of the 20th century, a real estate boom brought the reopening of Lundy's Restaurant, which was made a city landmark in 1992. Furthermore, Loehmann's proposed a store in Sheepshead Bay in 1993, the first major development in the area in several years, though the city rejected initial plans for the development after community opposition. After another proposal for a Loehmann's shopping center was rejected, Mayor Rudy Giuliani's administration approved a smaller version of the shopping center in the late 1990s. Meanwhile, the reopening of Lundy's in 1995 spurred a wave of development on Emmons Avenue. By March 1996, property owners reported that real estate prices had doubled and that vacant apartments were being occupied. With new development, housing prices in the area increased sharply, and there were concerns about a dearth of parking, since the new developments had collectively resulted in the removal of 2,000 parking spots in Sheepshead Bay. Also in the mid-1990s, a small amusement park called Fun Time USA opened on Knapp Street, operating for almost 11 years before closing in 2005.