Construction is progressing at 21 Avenue B in Manhattan’s East Village. Designed by Gambino + LaPorta Architecture and developed by Terrence Lowenberg of Icon Realty Management, the project involves the combination of two existing multifamily rental property into a single structure and a two-story vertical addition.
Lower East Side
BLDG Management Company has officially launched leasing at Stella LES, a new rental property at 251 East 2nd Street in the East Village, Manhattan. Designed by Rotwein + Blake Architects, the ten-story property houses 44 one- and two-bedroom apartments, many offering private balconies and terrace spaces.
A teaser site with new renderings is now live for 208 Delancey Street, a 12-story residential development on Manhattan’s Lower East Side. Designed by ODA and developed by New Empire Real Estate, the property will yield 85 units with sales launching this spring, led by Compass Development Marketing Group.
Construction is nearing completion on One Essex Crossing, a 14-story full-block development at 202 Broome Street on Manhattan’s Lower East Side. Designed by CetraRuddy for Delancey Street Associates, which is comprised of BFC Partners, L+M Development Partners, Taconic Partners, The Prusik Group, and Goldman Sachs Urban Investment Group, the mixed-use project will add a mix of residential and office space to the nine-building Essex Crossing master plan. Corcoran Sunshine Marketing Group is handling sales for One Essex Crossing, with prices ranging from $890,000 for a studio to $6,689,000 for a duplex penthouse.
This week the New York State Court of Appeals shut down a lawsuit opposing the development of four new skyscrapers in Lower Manhattan’s Two Bridges neighborhood, as reported in The Broadsheet. This legal move upheld the August ruling by Appellate Division of the New York State Supreme Court in favor of a group of developers, including JDS Development Group, CIM Group, L+M Development Partners, and Starrett Corporation, to build four more towers along the Two Bridges waterfront on the Lower East Side. The site is bound by Cherry Street to the north, South Street to the south, mid-block between Pike Slip and Rutgers Street to the west, and mid-block between Clinton and Montgomery Streets to the east.