Construction at 150 Rivington Street on Manhattan’s Lower East Side has moved along quickly. YIMBY last reported on the site’s progress in January, when the structure was just two stories high. Now, the building has topped-out, at seven stories. Cogswell Lee Development is responsible for the project, which replaces the former Streitz Matzo Factory.
Lower East Side
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.
New renderings have been revealed for 208 Delancey Street, a 12-story residential tower coming to the Lower East Side. Back in July of 2015, YIMBY reported that construction had stalled out, and the owner at the time put the project on the market for $35.5 million. New Empire Real Estate is now going to be responsible for the development, and the change in management brought along a completely revamped design, by ODA Architecture, with Shiming Tam serving as architect of record.
A new seven-story residential building is starting to rise above its townhouse neighbors on the Lower East Side of Manhattan. 150 Rivington Street is located in a quiet spot of the bustling neighborhood, three blocks away from the Delancey-Essex Street Subway Station, serviced by the F, J, M, and Z trains. Cogswell Lee Development will be responsible for the development, which replaces the old Streitz Matzo Factory.
Delancey Street Associates has closed a deal for funding the construction of 180 Broome Street, on the Lower East Side. The capital comes from Wells Fargo and M&T Bank, along with equity from DSA and Goldman Sachs Urban Investment Group. The loan secures $200 Million out of the projected total construction cost of $300 million. Essex Crossing is being developed by Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Investment Partners, and Goldman Sachs.