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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 arc ....
Coming up on Thursday, Dec. 5, the developers of Essex Crossing and community collaborators will participate in a panel discussion (“Private Means to Public Ends”) on the Lower East Side about how the mega-project came to fruition. The panel is sponsored by the Van Alen Institute and will take place in the community room of […] ....
As we reported yesterday, six remaining tenants at 400 Grand Street, which will be demolished next year to make way for the Essex Crossing project, are fighting for relocation rights. But another tenant in the building, the Lower East Side Jewish Conservancy, is also concerned about its future. 400 Grand Street. The conservancy, part of the United Jewish Council of the East Side, established its first dedicated home in a 650 square foot storefront at 400 Grand in 2011. The space had previously been occupied by Ruby’s Fruits, a Lower East Side institution. But the building will likely be emptied and torn down next year in preparation for new residential and commercial development set to rise on nine long-neglected sites in the former Seward Park Urban Renewal Area. ....
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 arc ....