Essex Crossing

Essex Crossing
Official rendering of Essex Crossing buildings at Essex and Delancey Streets
AddressCentered around Essex Street and Delancey Street, New York, NY 10002
Coordinates40°43′05″N 73°59′17″W / 40.71806°N 73.98806°W / 40.71806; -73.98806
StatusUnder construction
Groundbreaking2015
Estimated completion2024
Websitehttp://essexcrossingnyc.com
Companies
DeveloperDelancey Street Associates
OwnerEssex Crossing NYC
ManagerEssex Crossing NYC
Technical details
Cost$1.1 billion

Essex Crossing is an under-construction mixed-use development in New York City's Lower East Side, at the intersection of Delancey Street and Essex Street just north of Seward Park. Essex Crossing will comprise nearly 2,000,000 sq ft (200,000 m2) of space on 6 acres (2+1⁄2 ha) and will cost an estimated US$1.1 billion. Part of the existing Seward Park Urban Renewal Area (SPURA), the development will sit on a total of nine city blocks, most of them occupied by parking lots that replaced tenements razed in 1967.[1][2][3][4]

Essex Crossing, originally approved as a component of the Seward Park Urban Renewal Area in October 2012, is expected to create 1,000 housing units, 1,000 permanent jobs, and 5,000 construction jobs. The project, overseen by SHoP Architects and developer Delancey Street Associates (a joint venture of L+M Development Partners, BFC Partners, and Taconic Investment Partners), will build a 60/40 mix of residential and commercial space; create 500 units of permanently affordable housing for low-, moderate-, and middle-income households, and senior housing; and allocate 15,000 sq ft (1,400 m2) of publicly accessible open space.[5][6] The plan was presented to the public in September 2013 by then-Mayor Michael Bloomberg, as a compromise solution after decades of political disagreements over the site.[7][8]

Construction on the project began in 2015; partial completion is expected by mid-2021, and final completion by 2024.[9]

  1. ^ "Essex Crossing Development (Seward Park)". New York City Economic Development Corporation. September 12, 2016. Retrieved October 8, 2016.
  2. ^ Cite error: The named reference huffpost sep13 was invoked but never defined (see the help page).
  3. ^ Arino, Lisha (May 22, 2014). "Community Invited to Give Input on Essex Crossing Park". DNA Info. Archived from the original on August 12, 2014. Retrieved July 30, 2014.
  4. ^ "Map – Essex Crossing NYC". Essex Crossing NYC. Retrieved January 1, 2015.
  5. ^ "Essex Crossing". SHoP Architects. Retrieved October 8, 2015.
  6. ^ Dillon, Kit (October 12, 2012). "The SPURA has landed". New York Observer. Retrieved October 18, 2012.
  7. ^ Cite error: The named reference nytimes 2013 was invoked but never defined (see the help page).
  8. ^ Cite error: The named reference nytimes march 2014 was invoked but never defined (see the help page).
  9. ^ Garfield, Leanna (April 6, 2017) "11 billion-dollar mega-projects that will transform New York City by 2035" Business Insider