Astoria Cove Development on Hold Waiting for Tax Abatement Renewal

Astoria Cove Development on Hold Waiting for Tax Abatement Renewal

Another large housing development on hold because of the expiry of 421-a is the Astoria Cove project, which would bring approximately 1,700 apartments, 27% of them affordable housing, to the Hallets peninsula. John Mavroudis, of 2030 Astoria Developers told DNAInfo without the 421-a tax break, the project can’t move forward.

Photo Credit: Costa 4NY via Flick.com

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