Mayor Michael Bloomberg came to the Lower East Side this morning to announce that the Seward Park project, delayed for four decades, was finally a “done deal.”
Standing in an abandoned building of the Essex Street Market with some of the city’s biggest developers, community partners and neighborhood activists, he called Essex Crossing (the official name of the project) a “wonderful thing” that will bring “the new housing, jobs and open space Lower East Siders want and need and deserve.”
Word got out yesterday that the residential, commercial and community-oriented complex would be built by L+M Development Partners, BFC Partners, and Taconic Investment Partners. They’re paying the city $180 million for the site and investing a total of $1.1 billion to build the new community at the base of the Williamsburg Bridge over the next decade. Groundbreaking is expected in the spring of 2015; the first buildings are projected to open in the summer of 2018. The architectura
Mayor Michael Bloomberg came to the Lower East Side this morning to announce that the Seward Park project, delayed for four decades, was finally a “done deal.”
Standing in an abandoned building of the Essex Street Market with some of the city’s biggest developers, community partners and neighborhood activists, he called Essex Crossing (the official name of the project) a “wonderful thing” that will bring “the new housing, jobs and open space Lower East Siders want and need and deserve.”
Word got out yesterday that the residential, commercial and community-oriented complex would be built by L+M Development Partners, BFC Partners, and Taconic Investment Partners. They’re paying the city $180 million for the site and investing a total of $1.1 billion to build the new community at the base of the Williamsburg Bridge over the next decade. Groundbreaking is expected in the spring of 2015; the first buildings are projected to open in the summer of 2018. The architectura
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