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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
Essex Crossing Site 2; view from the intersection of Delancey and Essex streets. Credit: Handel Architects.
Crain’s posted a story overnight that touts the use of union labor in Essex Crossing, once the large residential and commercial complex on the former Seward Park urban renewal site is finished. Here’s how the piece leads off:
The developers of Essex Crossing, the massive mixed-use project planned for the Lower East Side, have agreed to staff the complex entirely with union workers, the firms announced Wednesday. BFC Partners, L+M Development Partners and Taconic Investment Partners have inked an agreement with powerful building workers’ union 32BJ SEIU for up to 80 jobs that will eventually be part of the 1,000-unit development. The first phase of the project, where half the units will be affordable, is set to begin this summer. The partnership will also help fund a training program designed to equip area residents with the know-how to apply for many of the posts being
A new mayoral administration, of course, means the winds of change are blowing through City Hall. During his inauguration yesterday, Mayor de Blasio promised to “put an end to economic and social inequalities that threaten to unravel the city we love.” But in at least one city agency with a major Lower East Side project on its plate, the new mayor has decided to stay the course.
Rendering: Essex Crossing. ShoP Architects.
As the clock ticked down on 2013, de Blasio chose to reappoint Kyle Kimball, a Bloomberg holdover, as president of the NYC Economic Development Corp. (EDC). The EDC is the lead agency overseeing Essex Crossing, the large mixed-use project coming to the Seward Park redevelopment site on Delancey Street.
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