The Real Deal:
While part of the project remains stalled over a funding squabble with the city, the Durst Organization plans to temporarily make use of another site at its Hallets Point development in Queens.
The developer plans to set up a temporary cultural center where the final phase of the mixed-use project will eventually rise, at 27th Avenue and 1st Street, said Durst spokesperson Jordan Barowitz. The 30,000-square-foot space will include a stage and a fenced off area for film, dance, music and other events, he said.
“Hallets is something of a blank slate, and we want to start to highlight the cultural and arts community in Astoria,” Barowitz said. “It’s the final phase of the project so construction is a few years away. The views it has of Lower Manhattan, it would be a shame not to activate it.”
The cultural center is expected to open sometime this summer.
Meanwhile, a 163-unit affordable housing project planned for the development’s second phase is being held up by a lack of funding. In January, the city Housing Development Corporation pulled $43.5 million in bond financing for the project.