Rendering of Essex Crossing Site 6; Dattner Architects.
NYU Langone Medical Center has filed an application with the State Department of Health for approval of its 55,000 square foot ambulatory care facility at Essex Crossing on the Lower East Side. The news was first reported yesterday by Crain’s.
In January of 2016, Delancey Street Associates, the consortium building the mixed-use project, announced that NYU had signed a 15-year lease for a space at 175 Delancey St. The medical facility, which will be called the Joan H. and Preston Robert Tisch Center, will be located in the same building housing affordable senior rentals and Grand Street Settlement’s senior center.
Essex Crossing Site 2; view from the intersection of Delancey and Essex streets. Credit: Handel Architects.
Before we break for the holiday, a quick update on Essex Crossing, the big development project underway on the former Seward Park urban renewal site. Commercial Observer reports that the construction consortium, Delancey Street Associates, has received more than $250 million in financing for the project from Citibank and Wells Fargo. Here are the basic details from the story:
Wells Fargo provided a $109 million construction loan for work at Site 5, a 211-unit apartment building that will consist of half market-rate and half-affordable rentals, according to the lender. The three-year construction debt covers about 75 percent of the $142 million project, which also includes 66,000 square feet of retail… The financing closed on June 30, pursuant to an escrow agreement. Wells Fargo is also buying the site’s Low-Income Housing Tax Credits for $11.5 million… Delancey Stree
Followup: Essex Crossing s First Four Buildings | The Lo-Down : News from the Lower East Side thelodownny.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thelodownny.com Daily Mail and Mail on Sunday newspapers.
Essex Crossing Site 2; view from the intersection of Delancey and Essex streets. Credit: Handel Architects.
Earlier this month, the developers of Essex Crossing unveiled the designs for the first four buildings planned on the former Seward Park urban renewal site. Tonight there’s another opportunity to see the renderings and to ask questions about the big project that will dramatically change the Lower East Side.
The meeting begins at 6 p.m. It will take place at Grand Street Settlement, 80 Pitt St.
If you need a primer before you go, check out our previous stories here, here and here.
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