Essex Crossing Site 2; view from the intersection of Delancey and Essex streets. Credit: Handel Architects.
Tonight at University Settlement’s Houston Street Center, developers of Essex Crossing are unveiling their designs for the first four buildings of the large residential and commercial project coming to the former Seward Park urban renewal site.
Thanks to a press briefing held earlier today, we’re able to bring you a condensed version of what members of the public are seeing this evening. Delancey Street Associates, the consortium building the nearly 2-million sq. ft. project, asked us to wait until the meeting of Community Board 3’s land use committee got underway before we published the renderings you see here.
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Essex Crossing Site 4, 180 Broome St. Rendering by Handel Architects.
The developers of the Essex Crossing mega project have locked in a $200 million loan from Wells Fargo and M&T Bank for their 26-story building at 180 Broome St.
Delancey Street Associates, the group building the 1.9 million square foot project, announced this afternoon that it had closed on a construction loan for the residential, office and retail tower. 180 Broome St. (at Clinton Street) is located on site 4 of the former Seward Park Urban Renewal Area (SPURA).
Construction will begin on the tower later this month. The Lower East Side Partnership just cleared commercial vehicles from a parking lot it managed on site 4 for many years. Construction fencing will start to go up this week. [Traffic will be re-organized around the site to accommodate the new fencing.]
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Beginning next week, you won’t be able to use the stairs leading to and from the subway station on the southeast side of Delancey Street for three months.
According to the notice posted recently by T.G. Nickel, the stairs will be closed for 95 days starting Feb. 27. T.G. Nickel is the general contractor for Essex Crossing Site 2, the building located just above subway entrance. As part of the Essex Crossing project, passageways are being built under Delancey Street. They’re meant to accommodate visitors to the Market Line, a subterranean shopping complex.
It’s not a great time to be limiting access to the subway station. A 14-screen Regal movie theater is just about ready to open on Delancey Street, along with a newly expanded Essex Street Market (coming in the spring).