A developer seeking to build 314 affordable senior apartments in Hempstead Village could benefit from $89 million in tax-exempt financing through the Nassau County Local Economic Assistance Corp.
The agency granted preliminary approval for the bond financing at its meeting Sept. 22.
The apartments would be split between a pair of proposed developments at 145 N. Franklin St. and 226 Clinton St. in the village.
The bulk of the units proposed by developer Daniel Goldstein of BOSFA Properties in Lawrence would be built at the North Franklin Street site, previously owned by Faith Baptist Church. The existing building would be demolished for the construction of 244 senior apartments funded in part by a $57 million tax-exempt bond.
For more than 40 years, the Calderone Theatre operated as a concert hall and movie house at the North Franklin Street address. It hosted mainstream acts such as Aerosmith, Lou Reed and ZZ Top before it became a multiplex in 1992. Goldstein’s company acquired the site from the church in March for $5 million.
6/5/23 Drove by. All stores in front have paper covering windows. The Church has moved out. Not sure what is happening but I don’t know if it will be standing much longer.
I walked up to see how they had redone this. I was trying to remember how the escellator came up before the new renovation. And the old entrances to the balcony theatres.
I wish someone had a good photo of the “Pole” Theater. It was really unique and cool to have an intimate theatre like that. Enjoyed MST3K The movie there back in college. Anyone have any pictures?
Went to the theatre on Sunday morning 11/24. We were going to an early Frozen II screening. When we went in they were replacing signs and a little hectic. They had cancelled all morning shows and the (very nice) staff said the theater had been purchased by a local family run business and will be up and running again later in the day. I haven’t heard anything since, but hopefully this is good news and this company will keep it running past the next three years when their lease is up. It’s a nice little theatre. It’s old, but so homey and enjoyable instead of these megaplexes.
Per Newsday: (Oct 2022)
A developer seeking to build 314 affordable senior apartments in Hempstead Village could benefit from $89 million in tax-exempt financing through the Nassau County Local Economic Assistance Corp.
The agency granted preliminary approval for the bond financing at its meeting Sept. 22.
The apartments would be split between a pair of proposed developments at 145 N. Franklin St. and 226 Clinton St. in the village.
The bulk of the units proposed by developer Daniel Goldstein of BOSFA Properties in Lawrence would be built at the North Franklin Street site, previously owned by Faith Baptist Church. The existing building would be demolished for the construction of 244 senior apartments funded in part by a $57 million tax-exempt bond.
For more than 40 years, the Calderone Theatre operated as a concert hall and movie house at the North Franklin Street address. It hosted mainstream acts such as Aerosmith, Lou Reed and ZZ Top before it became a multiplex in 1992. Goldstein’s company acquired the site from the church in March for $5 million.
6/5/23 Drove by. All stores in front have paper covering windows. The Church has moved out. Not sure what is happening but I don’t know if it will be standing much longer.
No one. I’ve seen pictures of the marquee completely destroyed on the internet, including the cinemascope sign. Sad.
Trying to remember the old escelator and where it went and what is in that space now. Walked up to see the old aux consession stand gone.
I walked up to see how they had redone this. I was trying to remember how the escellator came up before the new renovation. And the old entrances to the balcony theatres.
I wish someone had a good photo of the “Pole” Theater. It was really unique and cool to have an intimate theatre like that. Enjoyed MST3K The movie there back in college. Anyone have any pictures?
Went to the theatre on Sunday morning 11/24. We were going to an early Frozen II screening. When we went in they were replacing signs and a little hectic. They had cancelled all morning shows and the (very nice) staff said the theater had been purchased by a local family run business and will be up and running again later in the day. I haven’t heard anything since, but hopefully this is good news and this company will keep it running past the next three years when their lease is up. It’s a nice little theatre. It’s old, but so homey and enjoyable instead of these megaplexes.
This should make everyone happy. http://dodgeprojects.construction.com/Theater-Auditorium_stcVVproductId149399574VVviewprod.htm