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  #61  
Old Posted Jul 14, 2017, 5:41 PM
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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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