This site represents the Seward Park Urban Renewal Area or SPURA. The development project, now called Essex Crossing, includes a 15,000-square-foot open space, a new and expanded Essex Street Market, a dual-generation school operated by the Educational Alliance, a community center run by Grand Street Settlement, a rooftop urban farm, the Andy Warhol Museum, 250,000 square feet of office space, and a diverse mix of retail space. Seward Park will also become a hub of small-business incubation, with micro-retail spaces and creative and tech co-working and incubator space.

Completion

2024

Developer

Delancey Street Associates is a joint venture that includes L+M Development Partners, BFC Partners and Taconic Investment Partners

Architect

SHoP Architects and Handel Architects

Ownership

Private

Financing

Complex financing including a low-income housing tax credit component, a bond financing component and new market tax credit components, as well as debt and equity placements from Goldman Sachs Urban Investments Group and Wells Fargo.

Programming

A mix of commercial and residential space, including a movie theater and a new Andy Warhol Museum. Up to half of the residential units are expected to be affordable. Additionally, the development aims to become a hub of small-business incubation, with micro-retail spaces and creative and tech co-working and incubator space.

Multi-Family Space

Total (sq ft) Total (units)
0 sq ft 1,000 units

Office Space

250,000 sq ft

This project is under construction.

For more information on the project, please visit: https://app.ginkgo.city/projects/0Ns4l4.

This project is under construction.

Updated on: January 28th, 2020 21:19

This project is in-progress

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