The Chetrit Group is now the owner of 260 South Street, a forthcoming high-rise complex on the Lower East Side of Manhattan, following a $70 million acquisition loan from Madison Realty Capital. The waterfront development will eventually include 64-story and 74-story towers in the Two Bridges section of the neighborhood.
The affordable housing lottery has launched for 167-171 Chrystie Street, a 16-story mixed-use building on Manhattan’s Lower East Side. Designed by ODA Architects and developed by Be-Aviv and Nexus Building Development Group, the structure yields 78 residences. Available on NYC Housing Connect are 20 units for residents at 40 to 130 percent of the area median income (AMI), ranging in eligible income from $24,789 to $139,620.
Construction is now underway on 282-286 Grand Street, a seven-story residential building on Manhattan’s Lower East Side. The will yield a mix of rental apartments, amenity spaces, and commercial space.
YIMBY took a construction tour of 208 Delancey Street, a 12-story condominium building that topped out on Manhattan’s Lower East Side late last year. Designed by ODA New York and developed by New Empire Corporation, the L-shaped 85,000-square-foot reinforced concrete superstructure will yield 85 units at the corner of Pitt and Delancey Streets. Compass is handling sales and marketing for the condominiums, which range from studios to three-bedroom floor plans. Prices range from $625,000 for a studio to $2.655 million for a two-bedroom, two-bathroom penthouse unit. ASH NYC curated and staged a pair of model homes for the property.
YIMBY went on a tour of One Essex Crossing, a 14-story mixed-use building at 202 Broome Street and one component of the nine-building Essex Crossing development on Manhattan’s Lower East Side. Designed by CetraRuddy for Delancey Street Associates, a partnership of BFC Partners, L+M Development Partners, Taconic Partners, The Prusik Group, and Goldman Sachs Urban Investment Group, the property yields residential and office space on a full-block parcel bound by Delancey Street to the north, Broome Street to the south, Suffolk Street to the east, and Norfolk Street to the west. Corcoran Sunshine Marketing Group is handling marketing and sales for One Essex Crossing, which is approaching 50 percent sold.