NEW YORK | Essex Crossing (SPURA) | 9 Towers

[PeterQM]

Checking in on SHoP's Torqued Lower East Side Condo, 242 Broome Street
May 24, 2017

Over the years, SHoP Architects has proven they aren’t one-trick ponies. From the zinc-paneled Porter House to the soaring American Copper Buildings, the practice has expressed their versatility in an array of projects that each uniquely push the limitations of design and assembly in New York City. On the Lower East Side, SHoP has been tapped to design at least two buildings in their Essex Crossing Master Plan. Furthest along of the pair is 242 Broome Street at the northeast corner of Ludlow Street. The mixed-use building will hold the plan’s first condos and is being developed through a joint venture between Taconic Investment Partners LLC, L & M Development Partners, and BFC Partners.

More info on the project & detailed renderings HERE.

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Credit: Tectonic

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Credit: JC_Heights

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Essex Crossing

Included in the first phase of construction is the 14-story, 55-unit condo tower from SHoP Architects. The project is located on site 1 at the corner of Broome and Ludlow Street, anchoring the western edge of the development. Massing for the tower follows a typical podium and setback tower strategy, creating a sixth story outdoor terrace. The tower slopes inward at the southwest corner, opening up the terrace to more light and views.

Condo units range from one-to-three-bedrooms, with 11 of the 55 units set aside under the city's affordable housing program. Residences will feature open concept kitchen and living spaces with typical ceiling heights of 10 feet in the living spaces.

Site 2 features a 24-story tower with a five-story podium that will houses part of the Essex Street Market. Designed by Handel Architects, the mixed-use tower is the largest project in the 9-site mega development. Along with the market space and 195 rental units, half of which will fall under the affordable housing program, the tower will also house a 14-screen movie theater, an urban farm on the podium roof, and amenities for the residents. Currently, the steel superstructure for the podium is complete and installation of the bronze-toned metal panels has begun on the west façade.

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http://fieldcondition.com/blog/2017/...essex-crossing

[chris08876]

HPD files plans for latest Essex Crossing building at 202 Broome


(In the Center)

The city’s department of Housing Preservation and Development filed plans on Friday for a new 15-story mixed-use building on the Lower East Side — the latest project to join the massive Essex Crossing development.

The building, at 202 Broome Street, is part of the 1.65 million-square-foot Essex Crossing development. The new building will include 83 residential units across 104,594 square feet, according to permit applications filed with the city’s Department of Buildings. The project also includes 153,819 square feet of commercial space, most of which will be a public market. The second through fifth floors will feature office space, while the market — called Market Line — will open on the lower floors.

CetraRuddy is the architect of record.

A partnership of L+M Development Partners, Taconic Investment Partners and BFC Partners are developing Essex Crossing, a $1.5 billion project that is spread out over 10 sites.

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TRD

[chris08876]

Credit: FC

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Credit: rbrome

[chris08876]

Lots going on in this multi-block project.


Credit: 5Bfilms




Credit: Tectonic

[chris08876]

Essex Crossing’s second phase gets its first renderings

It may have taken a while—half a decade, even—to get there, but since the Essex Crossing megaproject got its groundbreaking in 2015, progress at the Lower East Side site has been swift. A walk around the Seward Park Urban Renewal Area these days reveals four buildings, comprising the first phase of the megaproject, in various stages of completion.

And as those buildings—which will bring hundreds of apartments, many of them affordable, to the neighborhood—near the finish line, developer Delancey Street Associates (a collaboration between L & M Development Partners, BFC Partners, and Taconic) is gearing up for phase two. That stage of development will comprise three buildings, bringing hundreds of apartments, office space, and the Market Line to the project.

And now, new renderings, provided exclusively to Curbed, offer a glimpse at what that second phase will look like. Isaac Henderson, the project manager for Essex Crossing, also provided some new details on when to expect these myriad buildings to show their faces to the public.

The new images show off the buildings known as site three and four, which will be designed by CetraRuddy and Handel Architects, respectively. Site four (which is all the way to the left in the rendering above) will be home to part of the Market Line, along with 263 rentals (half of which will be affordable) and office space. Site three, in the middle of the rendering, will have market-rate condos, along with more office space, ground-floor retail, and yet another piece of the Market Line.

“Architecturally, three and four are really strong—they help complete what we’re doing along Delancey,” says Henderson. “Looking at two, three, and four together, you see the culmination of taking abandoned, vacant parking lots, and replacing them with three very diverse and interesting buildings.”

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CBNY

[JSsocal]

This project does a lot correctly in terms of its design. That said it should simply have twice as many units. 1,800 families were evicted for the original spura development, and it's replacement is 1,000 housing units.. Obviously there are other uses brought into this project, but this is a rare kind of manhattan site that should be pushed further.

[chris08876]

115 Delancey Street Officially Tops Out, Lower East Side





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The tallest of nine structures comprising the Essex Crossing development, at 115 Delancey Street, has officially topped-out. The last time YIMBY reported on the site, it had just risen above street level, back in late January. The 26-story building will include 195 rental apartments, of which 98 will be affordable. Its developer, Delancey Street Associates, is comprised of BFC Partners, L+M Development Partners, and Taconic Investment Partners.

“This marks a major milestone for Essex Crossing because in many ways 115 Delancey is our centerpiece,” said Isaac Henderson, a Director at L+M Development Partners. “With mixed-income housing above and a 14-screen movie theater, new home of the Essex Street Market and the Market Line’s first phase below, 115 Delancey will be an exciting place to live, but also a valuable resource for the community and the city.”

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NYY

[chris08876]

Construction Update: 115 Delancey Street


Credit: Joel Raskin

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Credit: FC

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Square Mile in talks to provide $250M for Essex Crossing’s office component

The developers of Essex Crossing are close to securing a fresh $250 million in construction financing for the office component of the Lower East Side mixed-use megaproject from Square Mile Capital Management, sources told The Real Deal.

The loan from the investment manager would go toward the $1.5 billion project, which consists of more than 1,000 rental apartments, 400,000 square feet of office space and 450,000 square feet of retail space.

The development team of Taconic Investment Partners, BFC Partners, L+M Development Partners and Goldman Sachs is now beginning the second phase of Essex Crossing — 350,000 square feet of office space. The firms have been targeting roughly $460 million in debt for the two-tower office portion, and Square Mile’s loan would be part of that.

Sources said Square Mile, led by Craig Solomon, has been negotiating to be the lender for the $250 million financing for weeks and would either close the deal in about a week, or not at all.

The office towers at 180 and 202 Broome Street are slated to be built by 2020. Charles Bendit of Taconic told the Wall Street Journal last month that asking rents are projected to range from the high-$80s to the mid-$90s per square foot.

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TRD

[chris08876]

Essex Crossing’s next affordable housing lottery launches with 98 apartments

The affordable housing lottery has launched today for 98 apartments at 115 Delancey Street, which will be the tallest building within the $1.9 billion Essex Crossing development on the Lower East Side. The building is expected to open in mid- to late 2018.

The affordable units range from studios to three-bedrooms, and are available to households earning between 40 percent and 165 percent of the area median income. Rents range from $519/month for a studio (with income restrictions of $19,680 to $26,720) to $3,424/month for a three bedroom (with income restrictions between $119,966 and $182,655). NYC Housing Connect offers all the details on various income restrictions and ways to apply for units.

Residents of Community Board 3 will receive a preference for 50 percent of the affordable units. Former site tenants of the Seward Park Extension Urban Renewal Area (SPEURA) will receive an additional priority for the units.

The 26-story building—which is also known as site 2—will contain a total of 198 residential units. Amenities include a part-time lobby attendant, on-site superintendent, communal terraces, fitness room, yoga room, children’s playroom, bicycle storage and resident lounge.

As far as construction goes, 115 Delancey is in the process of getting its facade; a five-story podium sits at the base and will become home to parts of the Essex Street Market along with a 14-screen Regal Cinema theater. An urban farm will occupy the podium’s rooftop. The building will also include the first phase of the Market Line, a bazaar-like marketplace that will span three buildings.

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CBNY

[chris08876]

Essex Crossing developers sew up $200M in construction financing: Loan will go toward 26-story tower at 180 Broome Street

The developers behind the $1.5 billion Essex Crossing megaproject on the Lower East Side have secured $200 million in financing for one of nine buildings at the complex​.​

The ​construction ​loan from Wells Fargo and M&T Bank will allow the development team, collectively known as Delancey Street Associates, to move forward with ​the​ largest building​ at the site​, a 26-story tower at 180 Broome Street​, according to the Wall Street Journal.​

The mixed-use building will have 263 ​affordable and market-rate apartments​,​ 10,000 square feet of retail space, and ​175,000 square feet of office space.

The ​retail portion will be a part of the planned Market Line, a three-block marketplace that will extend to the neighboring buildings in the complex, at 202 Broome Street and 115 Delancey Street, and connect to the 77-year-old Essex Street Market.

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TRD

[Star Scream]

I live right down the block on ludlow street. Class A office space will be a game changer for this neighborhood. More so if it’s a hot tenant.. An area now dominated by bars and restaurants with little office foot traffic

[chris08876]

Construction Update: 115 Delancey (Just one of many towers in the Essex Crossing)




Credit: FC

[chris08876]

Construction Update: 180 Broome (Just one of many parcels in the Essex Crossing plan)


Credit: streetscaper

[chris08876]

Essex Crossing Developers Close $260M Loan for 202 Broome Street

Square Mile Capital Management has finalized a $260 million acquisition and construction loan for Delancey Street Associates‘ planned mixed-use building at 202 Broome Street, DSA announced today.

The loan, backing a property that will become the seventh of nine separate sites that make up the Essex Crossing development to begin construction, brings the total financing for Essex Crossing to $1.3 billion. The Real Deal first reported in November that Square Mile would fund work at the site.

Two Hundred Two Broome Street, located on the Lower East Side between Suffolk and Norfolk Streets, will rise 14 stories at its planned opening in 2021 on a site that was most recently a parking lot. Its upper nine floors will host 83 residential condominium units, while floors two through five will be given over to 175,000 square feet of office space.

As if to achieve a mixed-use hat trick, the building’s ground floor will further play host to 16,000 square feet of retail—in addition to another 18,000 square feet on a basement level that will form part of Market Line, a 150,000-square foot retail complex that will connect much of the Essex Crossing development below street level.

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https://commercialobserver.com/2018/...broome-street/