With Astoria Cove on Hold, Alma Turns to Long Island City

LONG ISLAND CITY – Developer Alma Realty Corp. recently put its plans for the Astoria Cove project on hold, but having secured a $34.2 million loan from Deutsche Bank, the company has embarked on a long-awaited project, a development in next-door Long Island City consisting of two 17-story buildings, a swimming pool, daycare facilities, and a medical office, the Real Deal reported.

The Astoria Cove project was shelved for the time being, Alma says, due to lack of 421a tax breaks, though some speculate that there was some uncertainty regarding finances, the Real Deal reported.



The new project has been on hold for a long while but now it looks as if all systems are go.


An ethnic Greek jailed in Albania after being elected Mayor of the seaside town of Himare said Prime Minister Edi Rama is behind it and controls the courts who sentenced him over the protests of Greece.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


After Rare Flash Flood Emergency, Florida Prepares for More Heavy Rainfall in Coming Days

FORT LAUDERDALE, Fla. (AP) — A tropical disturbance has brought a rare flash flood emergency to much of southern Florida as residents prepared to weather more heavy rainfall on Thursday and Friday.

LAUSANNE, Switzerland  — Despite the complication of recent heavy rain, swimming in the River Seine is still the plan at the Paris Olympics after a $1.

PHOENIX — Phoenix police discriminate against Black, Hispanic and Native American people, unlawfully detain homeless people and use excessive force, including unjustified deadly force, according to a sweeping federal civil rights investigation of law enforcement in the nation's fifth-largest city.

ATHENS - Prime Minister Kyriakos Mitsotakis stressed that “tourism development should be sustainable, resilient, fair, and participatory” and that “the dividend of growth should be distributed as fairly as possible throughout the country.

DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.