Residential, Office, Retail, Institutional, Other
New Use
1.9M sq feet
Floor Area
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
2024Developer
Delancey Street Associates is a joint venture that includes L+M Development Partners, BFC Partners and Taconic Investment PartnersArchitect
SHoP Architects and Handel ArchitectsOwnership
PrivateFinancing
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
Multi-Family Space
Total (sq ft) | Total (units) |
---|---|
0 sq ft | 1,000 units |