Right next to the pedestrian walkway entrance for the Williamsburg Bridge, Essex Crossing is already reinventing Manhattan’s Lower East Side. The nine-building development will cost over one billion dollars and create nearly two million square feet across a six-acre area, and the aerial scope of construction is now expanding well beyond the initial first new two structures.
Of all the developments currently under construction in New York City, none have been in the making for longer than Essex Crossing, which is rising on the site of several long-vacant lots on the Lower East Side. With the master-plan’s first new buildings just about fully complete, YIMBY sat down with Charles Bendit of Taconic, and asked the co-CEO ten questions about the New York City real estate market.
Delancey Street Associates has launched leasing for 350,000 square feet of office space in Essex Crossing. This will be the first significant block of Class-A office space to come to Manhattan’s Lower East Side, and the developers hope the quasi-historic surrounds and combination of new and existing retail will be enough to lure tenants.
1324 Fulton Street [Brownstoner]: Crews are excavating ahead of the planned 10-story and 57-unit mixed-use building to span 1320-1328 Fulton Street, in Bedford-Stuyvesant, which is being developed by Fulton Street South Redevelopment Company. Curtis + Ginsberg Architects…
32 2nd Avenue [Bowery Boogie]: Anthology Film Archives are planning a five-story vertical expansion of their two-story building at 32-34 2nd Avenue, in the Bowery. The landmarked building’s height increase will be financed by a wealthy European donor, although no applications or…