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  #61  
Old Posted Jul 14, 2017, 5:41 PM
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Quote:
Originally Posted by Stan31 View Post
Unfortunately, it seems like only the hallets point project is going forward, the astoria cove one has been cancelled after delays due to the local community's pushback - ridiculous. I wonder how many exciting projects have been killed by local community boards...
Not true. Astoria Cove was approved, and is moving forward.

NYC community boards have zero decisionmaking power on land-use projects, BTW.
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  #62  
Old Posted Jul 14, 2017, 6:10 PM
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Not true. Astoria Cove was approved, and is moving forward.

NYC community boards have zero decisionmaking power on land-use projects, BTW.
Astoria Cove developer looks to sell Queens megaproject site for $350M
https://ny.curbed.com/2017/4/3/15163...ns-megaproject
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  #63  
Old Posted Sep 12, 2017, 10:50 PM
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Credit: Tectonic
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  #64  
Old Posted Sep 14, 2017, 3:46 PM
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I'm curious to see how this area will change now that this development is rising, along with the many others going up along Vernon Blvd, and the Astoria ferry open just a few blocks away. Right now it's mostly old industrial warehouses.
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  #65  
Old Posted Sep 20, 2017, 11:54 PM
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Lots going on. 2 topped out, another two just starting.








Credit: Cityrealty
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  #66  
Old Posted Feb 1, 2018, 1:56 AM
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De Blasio administration pulls subsidies for Durst affordable-housing project after public spat

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Developer Douglas Durst was set to receive $43.5 million in financing from the city to include 163 units of affordable housing in his Hallets Point project along the Queens waterfront in Astoria. But the financing package was abruptly pulled in November, months after Durst and Mayor Bill de Blasio had a public disagreement over campaign donations that included a reference to the HBO series Game of Thrones, according to a report in Politico New York.

The city said that financing package was pulled because of a limited supply of subsidy and many deserving affordable-housing projects.
===================
Crain's
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  #67  
Old Posted Feb 2, 2018, 2:38 PM
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Man this sucks. Does it mean the project will be halted or scaled back?
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  #68  
Old Posted Feb 2, 2018, 10:16 PM
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Man this sucks. Does it mean the project will be halted or scaled back?
Nah it won't be halted over that. That's small change. Its nothing to worry about, and nothing that would result in a cancellation. Its just financing. If they want extra financing, they will have to resort to other sources.

Now, if it was something like 300-400 mil in financing, yeah that would cause this to indefinitely be on hold.
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  #69  
Old Posted Feb 20, 2018, 9:58 PM
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From today's Real Deal re: financing:

3. Durst and State — $125 million
A Queens project grabbed the number three spot as well, with a $125 million loan from the New York State Housing Finance Agency to the Durst Organization for building one of the company’s Hallets Point project, located at 1-02 26th Avenue. The bonds for the loan were bought by Wells Fargo. City Hall recently and abruptly canceled $43.5 million in public funding for building seven of Hallets Point in the wake of a feud between Mayor Bill de Blasio and the company.

The first two buildings are nearing completion and they look really nice. Good views of them from Astoria Park.
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  #70  
Old Posted Mar 10, 2018, 2:11 PM
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Durst’s 10 Halletts Point Gets New Renderings





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A new partially-affordable housing project is getting ready to open at 10 Halletts Point, in Astoria, Queens. The 22-story mixed-use complex is rising at 26-01 1st Street, positioned right on the waterfront, across from Manhattan’s Yorkville. This is the first of a seven-building mega-development led by the Durst Organization to reinvigorate the Halletts Point peninsula. Once complete, the entirety will yield 2.4 million square feet of space and create 2,400 rental units, 480 of which will be affordable.

Once complete, 10 Halletts Point will bring 405 rental units to the neighborhood, of which, 81 will let for below-market rates. The lottery for affordable housing has just opened, with studios starting at $947 per month, and three-bedrooms for $1,414 per month. Applications will be accepted from now until May 7, 2018.
=======================
1) https://a806-housingconnect.nyc.gov/...entPdf/455.pdf
2) NYY
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  #71  
Old Posted Mar 11, 2018, 5:25 PM
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It's unfortunate on how they cheaped out on not including balconies, I would've considered moving there.
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  #72  
Old Posted Mar 11, 2018, 10:09 PM
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Are we sure about that?>
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  #73  
Old Posted Mar 19, 2018, 5:53 PM
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Yeah, but the building looks beautiful.



I wonder if they're planning on making it more accessible by renovating some of the streets leading up to it, some of them look like a war zone. Also a complete, continuous pedestrian waterfront from Socrates Park (or even further south) to the con edison plant in the north would be amazing, it's pretty much almost there, with a few obstacles on the way. I think it's already part of the plan.
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  #74  
Old Posted Mar 19, 2018, 8:40 PM
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I wouldn't say it looks like a war zone rather just an old industrial area with a lot of warehouses ripe for redevelopment. It reminds me a little of the Red Hook I knew in the early 2000s.
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