Olympic Restaurant, 115 Delancey St.
The end of the month is nearly upon us. For several longtime Lower East Side businesses, the arrival of July this coming Tuesday, represents the end of an era. As developers rush to complete plans for the Essex Crossing mixed-use project on the former Seward Park urban renewal lots, these establishments are preparing to clear out.
As previously reported, the first phase of the nearly 2-million square foot project will be focused on three parcels: sites 1, 2 and 5. Construction is expected to begin next spring.
In preparation for demolition of existing buildings, city officials have notified three businesses and one non-profit organization that they must vacate properties by next week. They include the Olympic Restaurant (115 Delancey St.) and Jade Fountain Liquors (123 Delancey St.), the only two tenants in the mostly vacant Essex Street Market building on the south side of Delancey Street.