NEW YORK | Essex Crossing (SPURA) | 9 Towers

[chris08876]

So far we have:

Phase 1:

1) NEW YORK | 115-123 Delancey St (Essex Crossing) | 285 FT | 26 FLOORS
2) NEW YORK | 141-145 Clinton St (Essex Crossing) | 160 FT | 15 FLOORS
3) NEW YORK | 242 Broome St (Essex Crossing) | 160 FT | 14 FLOORS
4) NEW YORK | 175 Delancey St (Essex Crossing) | 160 FT | 14 FLOORS
5 ...

Out of a total of 5 or more towers. Yet to be revealed.

[sparkling]

New Essex Crossing Details Raise Concerns of Overcrowding


Thursday, January 15, 2015
Shannon Ayala

The latest details about the megaproject that will transform the area once known as SPURA have raised new questions about density for the Lower East Side. At a community board meeting last night, concerns were voiced about the large influx of people that Essex Crossing will bring to a long undeveloped piece of the neighborhood. The nine parcel development to rise on parking lots and soon-to-be demolished low rises will include 1,000 apartments, a movie theater, a bowling alley, an Andy Warhol museum and retail—all in a nook of Manhattan already buzzing with cyclists, pedestrians, and traffic where the Williamsburg Bridge levels at Delancey Street. All those details have come to light over the last couple of years, but new renderings revealed yesterday along with presentations from architects stirred up a conversation about transportation, safety, and accessibility to items such as healthcare, schools, and, the rooftop farm at site two.

Members of Community Board 3's land use committee wanted to know if there was an overall plan for how to get people in and out. One question from the room regarded any possibility of the MTA increasing bus service. Another local suggested that Site Six, which is 100 percent affordable for senior citizens at Clinton Street, should have an entrance on Broome Street instead of busy Delancey Street, right by the bridge. Someone else asked about bike storage. And a woman asked if there would be any healthcare facilities guaranteed, now that nearby Downtown Health Center located at an Essex Street Market building will move after its lease ends in a handful of years.

But one of the biggest concerns was parking. "I didn't realize there wasn't going to be any parking," said committee chair Linda Jones. "I think for something that has a lot of market rate housing, the fact that there's no parking is really going to be an issue," she said. Isaac Henderson, project manager of L+M Development Partners, said the developer consortium undertaking this project, Delancey Associates, has been working with DOT on traffic issues. Studying the area has found that it would be too dangerous to include more parking. "Clinton and Norfolk have significant traffic issues," Henderson said. "People use those two streets to access the bridge and it creates a very unhealthy and unsafe environment."

Some of these issues were already considered and are expected to to come up at a task force meeting next week, one committee member said. The next big question was about the timeframe, given all the construction that lies ahead. While the whole thing might finish around 2024, Site Two, the "biggest and most complicated," in Henderson's words, including a Regal movie theater and a new Essex Street Market, should be completed by 2018, along with sites One and Five.

[chris08876]

Plywood Fence Arrives at Essex Market Buildings for Demolition Ahead of Essex Crossing

The first plywood fence of the Essex Crossing mega-project just arrived, with the rear parking lot of 115 Delancey Street now cordoned off. Demolition of the one-story warehouse building is slated to commence early next week – likely Monday – and kick off more than a decade of dust and (additional) noise in the neighborhood. The takedown should only last a couple weeks.

This particular parcel is SPURA Site 2, which will eventually birth a 24-story mixed-use tower. Dubbed “The Gateway,” this marquee building is earmarked to include the Essex Market replacement, a 14-screen Regal movie theater (1,250 seats), a 12,000 square-foot urban farm on the roof of the five-story podium, and 195 residential units (split 50-50 market rate, affordable). Construction begins in the spring.

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http://www.boweryboogie.com/2015/02/...ssex-crossing/

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Demolition Begins on Essex Crossing Site 2

Ed Litvak
March 17, 2015

Demolition began yesterday on the vacant Essex Street Market building on the south side of Delancey Street and is continuing today. A short time ago we stopped by the site, the future home of a 24-story mixed-use building — the centerpiece of the big Essex Crossing development project.

Four buildings made up the original Essex Street Market, part of Mayor Fierello LaGuardia’s campaign to rid New York of street vendors in 1940. All of the buildings will eventually be torn down, but the current market at 120 Essex St. will stay open for business throughout construction.

Work crews are starting on the south side of the building. They’re whacking away at the roof and the top part of the facade. The demo project is expected to take 4-6 weeks.

Over the years, we’ve had a few opportunities to snap interior photos of Essex Market Building D. See the sign below that reads, “Orchard Essex Meat Market?” We’re told it was removed some time ago and will be featured in some way when the new Essex Street Market opens on this site a few years from now. It will obviously need some restoration. The neon hasn’t worked in years. This building hasn’t been an active market since the mid-1990s, when the city consolidated operations across the street.

Warhol Museum Pulls Out of Essex Crossing



Ed Litvak
March 21, 2015

The Pittsburgh Post-Gazette is reporting that the Warhol Museum has dropped plans to establish an annex on the Lower East Side as part of the Essex Crossing development project:

Eric Shiner, director of The Warhol, said in a statement Friday night that “The Andy Warhol Museum, which had been exploring its participation in the Essex Crossing development in lower Manhattan, has determined that it will not proceed with the project. Despite the efforts of both the museum and the developers, an internal study of business and other operational considerations led the museum to this decision. “The Warhol will continue to participate in programs, exhibitions, and special projects in New York City through its longstanding collaborations with a variety of New York-based arts organizations.”

The 10,000 square foot museum was supposed to serve as a major attraction for the large residential and commercial project on the former Seward Park urban renewal site. The developers, Delancey Street Associates, had agreed to pay the building costs for a stand-alone facility on site 1, with entrances on Essex and Ludlow streets. Groundbreaking was scheduled for late summer.

In a statement, Risa Heller, a spokesperson for the developers said:

For the past two years we have worked closely with The Andy Warhol Museum to find a way to bring Andy home to New York’s Lower East Side. We have dedicated tremendous time and resources and offered them a very generous multimillion dollar package to make this work. We found out today and are surprised and disappointed that they are unable to see this through. We are hard at work looking for another exciting use for this great space.

Site 1 also includes a separate residential and commercial building, including 55 condominium apartments and a below-grade bowling alley entertainment complex. It remains to be see whether the setback will delay the start of phase 1 construction was set to begin several months from now on site 1, 2, 5 and 6.

[sparkling]

The Municipal Lot on Ludlow Street Closes April 15 for Essex Crossing; Shakespeare in the Parking Lot’ Moves to CSV Center

Elie
April 6th, 2015

Essex Crossing is advancing at quite the clip these days. Phase I is well underway; it’s unstoppable now. The 75 year-old Essex Market warehouse on Site 2 is basically a pile of rubble, razed for a glassy, 24-story mixed-use tower called the Gateway. Next up, the through-block Municipal parking lot right across the street.

Messaging of its imminent demise went out last week via onsite signage. Indeed, orange placards placed along the perimeter warn motorists that the lot – referred to as Site 1 in real estate circles – closes for good on April 15. No mas. Thereafter, we are to expect a thirteen-story building that carries a condo component of 55 units, 11 of which are “affordable.” Plus, a Bowlmor is still rumored for the basement; the Andy Warhol Museum, an early pairing for Essex Crossing, backed out of the project entirely last month.

Actual groundbreak won’t begin until later this spring.



Obviously Shakespeare in the Parking Lot isn’t happening here this summer, as previously reported. Not to worry, though. The displaced twenty-one-year-old troupe just found a new home for its outdoor performances at the Clemente Soto Velez Center a few blocks away. They’ll inaugurate the new Norfolk Street HQ this summer with two shows: “As You Like It,” from July 9 to 26, and “Macbeth,” from July 30 to August 15.

Given this latest development, it’s important to reiterate that Essex Crossing will not add any new parking to the Lower East Side. But is removing plenty.

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Essex Crossing Crews Prep Old Broome Street Fire House For Demolition

Ed Litvak
April 8, 2015

The developers responsible for the Essex Crossing project have nearly completed demolition of the former Essex Street Market building on the south side of Delancey Street. Now they’re making preparations to take down another structure within the six acre development site. In the past day, crews started to put up fencing around the old fire house bordering Broome, Clinton and Suffolk streets. Demolition is expected to begin later this month.

The fire house sits on site 5 of Essex Crossing, which will one day be home to a 15-story residential and commercial building, as well as a 15,000 sq. ft. park and a possible public school. A spokesperson for Delancey Street Associates, the development consortium, tells us the city has approved full sidewalk closure around the northern half of the site during demolition and construction. Two tenements at 400-402 Grand St., on the southern portion of the block, will be demolished at a later date.

The Arte Moderne fire house, built in 1937 by the Public Works Administration, was once home to Engine Company 17 and Hook & Ladder Company 18. In recent years, it was used by a movie props business. The first phase of Essex Crossing, slated to begin construction during the summer, is focused on site 5, site 2 (where the vacant Essex Market building was located), site 1 (on Ludlow Street) and site 6 (on the northeast corner of Clinton and Broome streets).

If you haven’t checked it out lately, here’s what’s left of the market building. Please remember that the Essex Street market on the north side of Delancey Street remains open for business.

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Essex Crossing Readies Site 1 Parking Lot for Development on Ludlow Street

May 14th, 2015
Elie

And just like that, Delancey Street is a construction zone.

Essex Crossing is advancing into phase one at quite a pace. In the same week that the firehouse at 185 Broome receives its touch of death, the former Municipal lot on Ludlow is prepped for same.

A month after the Department of Transportation forever shuttered the car park, the so-called Site 1 is itself getting boxed up. Contractors and other worksite personnel spent the day positioning concrete traffic barriers and erecting support posts for the perimeter fence.

Meanwhile, that local Robin Hood activist we told you about last week is now out of the job. No more liberating the lot for pedestrians and motorists. Indeed, its days as a handy cross-through are kaput.

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Bowling alley coming to Essex Crossing

Tess Hofmann
May 29, 2015

Essex Crossing just got a dose of retro-cool with the signing of Splitsville Luxury Lanes, a 10-lane bowling alley.

Splitsville signed a 10-year deal to operate a 17,000-square-foot venue in the massive mixed-use development on the Lower East Side. It is slated to open in 2017, the New York Daily News reported. New York City has seen a slew of bowling alleys close in recent years including Bowlmor Lanes in Greenwich Village, Harlem Lanes and Maple Lanes in Bensonhurst.

This will be the only real bowling facility operating below 19th Street. In addition to bowling, it will offer food like pizza and burgers, higher-end selections, and live music.

Essex Crossing is being developed by Delancey Street Associates, a joint venture that includes L+M Development Partners, BFC Partners and Taconic Investment Partners. Regal Cinemas has signed on as an anchor tenant.

- See more at: http://therealdeal.com/blog/2015/05/....5JDA8Mpr.dpuf

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Essex Crossing Update: Summer Construction Schedule

Ed Litvak
June 12, 2015

Here’s the latest update from Essex Crossing, the large residential and commercial project just breaking ground in the Former Seward Park urban renewal area.

The project manager, Isaac Henderson, provided a regular progress report for Community Board 3’s land use committee earlier this week. The first phase of construction covers sites 1,2, 5 and 6 (see map). Crews are working on clearing away the rubble from the old Broome Street firehouse on Site 5. Some preliminary foundation work will occur in the next couple of weeks for a building that will include 211 apartments and commercial space. Two tenements on the site, 400-402 Grand St., will likely be demolished starting in July.

While there’s some prep work being finished up on site 1 (Ludlow and Broome streets), that parcel will soon go dormant until August or September, Henderson said. A pile driving operation is underway on site 2, where the former Essex Street market building was demolished during the spring. The financing package for the parcel will likely be finalized in the next few weeks, clearing the way for full-scale construction sometime in July.

Essex Crossing includes 1,000 apartments, a retail concept called the Market Line, a new Essex Street Market, a 14-screen movie theater and a bowling alley/entertainment complex.

[chris08876]

Essex Crossing Etc: Full Steam Ahead at 3 of the Lots

Site 1, Ludlow/Broome

This lot has seen the most activity so far. Backhoes are already busy with the earth moving. We caught it sitting on a mound of dirt and brick. Dump trucks are also a mainstay on the heavily residential Broome Street.

As reported, the incoming residential tower is the only condo building during this first phase of construction. It’ll ascend fourteen stories and boast 55 units with an 80-20 mix of market rate and affordable respectively. Splitsville Lanes, a luxury bowling alley, is confirmed for the basement space; Andy Warhol Museum backed out of the project earlier this year, though.

Site 2, Essex/Delancey

It’s been an empty lot ever since the Essex Market south was summarily razed earlier this spring. That takedown lasted four weeks; what remains is the subway entrance.

Davey Drill rig was briefly parked onsite (again) for soil samples.

As the flagship building of the Essex Crossing brand, the 24-story “Gateway” is the busiest. It contains the “upgraded” Essex Market facility, a 14-screen Regal movie theater, a 12,000 square-foot urban farm on the roof of the five-story podium, and 195 residential units (split 50-50 market rate, affordable).

Site 5, Broome/Clinton

The 1930s-era firehouse at 185 Broome Street was quickly eradicated from the block at the end of May. Backhoes have also taken up residence here. A fifteen story mixed-use tower is on the way. There will be a public park and school situated on this spit of land, as well.

[chris08876]

Wells Fargo, Citibank Loan $250M for Construction at Essex Crossing

Delancey Street Associates, the joint venture developing Essex Crossing, is about to get one of its biggest construction deliveries: a truck full of cash.

L+M Development Partners, BFC Partners and Taconic Investment Partners received more than $250 million in construction financing on Tuesday for their 1.9-million-square-foot mixed-use project on the Lower East Side, Commercial Observer has learned.

The debt from Wells Fargo and Citibank allows Delancey Street Associates to move forward with residential and retail developments on of the project’s nine sites, which span four blocks from Ludlow Street to Clinton Street. Construction on Sites 2 and 5, which began earlier this year, will eventually lead to 400 rental apartments, half of which will be designated as affordable housing for low- and middle-income residents.

Wells Fargo provided a $109 million construction loan for work at Site 5, a 211-unit apartment building that will consist of half market-rate and half-affordable rentals, according to the lender. The three-year construction debt covers about 75 percent of the $142 million project, which also includes 66,000 square feet of retail.

“During the whole request for proposal process that the city ran to select the developers, the local community was very involved in the type of retail space that would be offered in these projects,” said Duane Mutti, a senior vice president at Wells Fargo Community Lending and Investment. “That’s very much needed retail space for the community, and they were very involved.”

Mr. Mutti worked on the deal with Alan Wiener, the group head of Wells Fargo Multifamily Capital. The financing closed on June 30, pursuant to an escrow agreement. Wells Fargo is also buying the site’s Low-Income Housing Tax Credits for $11.5 million, Mr. Mutti said.

Delancey Street Associates additionally closed a $144 million construction loan from Citibank with $15 million in tax-exempt bonds from the New York City Housing Development Corporation for work at Site 2, according to another person familiar with the deal. The Citibank loan covers about 55 percent of Site 2’s $264 million project cost, which includes construction of 195 rental apartments and 188,000 square feet of retail space, that person said.

As with Site 5, those apartments will be split between market-rate and affordable units. Wells Fargo is buying the tax credits for $13.9 million, the company confirmed.

The retail space at Site 2 will provide a new home for the 75-year-old Essex Street Market. The longtime public market will stay in its current location at 120 Essex Street between Rivington and Delancey Streets until the new facility is completed and handed over to vendors in 2018, according to the New York City Economic Development Corporation.

The retail space also includes a 14-screen Regal Cinemas, which inked a deal in December to open at 115 Delancey Street, a part of Site 2. Regal Cinemas loaned itself $6 million to build the 65,000-square-foot theater, sources involved told CO.

Messrs. Mutti and Wiener said the lending activity is part of future work with the developers on Essex Crossing. Wells Fargo has bid and is in the process of closing a deal to finance construction and buy the Low-Income Housing Tax Credits for Site 6, they said. That deal includes $42 million in debt and $26.5 million of equity from the tax credits. Those units will be allocated for senior housing.

“We are finalizing that deal and moving towards a closing with the borrower,” Mr. Mutti said.

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http://commercialobserver.com/2015/0...ssex-crossing/

[chris08876]

REVEALED: What the Development Replacing the Essex Street Market Could Look Like

Here’s our first look at what the site of the storied Essex Street Market could hold. Known simply as “Site 9″ in the Essex Crossing mega-development, the 12-story mixed-use development would contain market-rate condominiums and two levels of commercial space at its base. The design of the market-replacing building was penned by GF55 Partners who hope the brick, metal, and glass structure will “co-exist with the area’s visual clutter and loudness of the Williamsburg Bridge traffic.” In the sole image provided, a distinguished two-story base recalls the structural features of the nearby Williamsburg Bridge. According to their description, the commercial base is for a restaurant with various bars and dining areas.

Construction of the new building cannot begin until the still-operating 75-year-old Essex Street Market relocates across Delancey Street to a state-of-the-art 30,000 square-foot facility at the base of a 24-story tower designed by Handel Architects. In 2012, the city promised that tenants of the marketplace will be offered comparable rent and square footage and “reasonable” relocation costs. and affirmed their commitment to a diverse set of retail tenants. The market’s future home, located at Site-2 in the master plan, is not expected to open until 2018.

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http://www.6sqft.com/revealed-what-t...uld-look-like/

[chris08876]

Essex Crossing Site 2 ‘Gateway’ Receives 5-Story Pile Driver

It’s already been four months since the southerly Essex Market warehouse was pounded to oblivioin. The square-block parcel that is Site 2 of the Essex Crossing mega-development is now buzzing with renewed activity.

That temporary fence was no longer cutting it. The project site now keeps folks at a distance with a more intimidating plywood perimeter. It towers above the sidewalk, and has one main access point at the northeast corner of the property. Traffic barriers were also installed to create walkways on both Essex and Broome Streets. The goal, as always, is to shield passersby from construction over the next few years (at the very least). And it’s begun…

An enormous, five-story pile-driver now sits idle, awaiting orders to proceed.


Site 2 is officially known as “The Gateway,” and is the marquee component of Essex Crossing. Upon completion in 2018, the 24-story tower will include 195 residential units (half are affordable to individuals and families earning between 40% and 155% of Area Median Income) the newly imagined Essex Street Market and a 14-screen Regal movie theater.

As previously reported, Wells Fargo and Citibank together loaned Delancey Street Associates – the development consortium comprised of L+M Development Partners, BFC Partners and Taconic Investment Partners – more than $250 million in construction financing to complete the project.

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http://www.boweryboogie.com/2015/08/...y-pile-driver/

[chris08876]

Photos of the current site:

[chris08876]

NYU/Tisch Medical Center is Coming to Essex Crossing (Updated)

NYU’s Lagone Medical Center has announced it will be establishing a new facility at Essex Crossing, the large mixed-use complex now rising on the former Seward Park urban renewal site.

In a press release, the institution went public with “a generous multimillion dollar gift from Joan H. Tisch to establish the new Joan H. and Preston Robert Tisch Center.” It’s being called an extension of the already existing Preston Robert Tisch Center for Men’s Health. More from the release:

The Joan H. and Preston Robert Tisch Center at Essex Crossing, serving both men and women, will be located in one of the most vibrant areas in Manhattan near the Delancey Street entrance of the Williamsburg Bridge. The site is expected to open late 2018, and will provide a comprehensive array of services, including primary care, ambulatory surgery, urgent care, cardiac procedures, orthopaedics and sports medicine, plastic surgery, and more. The 40,000 square-foot site will span three floors and will house approximately two dozen physicians who will care for an estimated 300 to 350 patients per day.

NYU did not specify where in Essex Crossing the center would be created. We have a call into the development team and will update this post when more info becomes available.

UPDATE: 3:40 p.m. We’re told by a spokesperson for Essex Crossing that the Tisch Center will be located on site 6, where 100 units of senior housing will also be built. Financing for that parcel is expected to be in place by the fall, and construction will begin a short time later. The lease has not yet been signed but the contract should be finalized soon.

Incidentally, the developers are still deciding on a replacement tenant for the Educational Alliance’s dual generation school that was initially part of the project. The Educational Alliance decided to drop plans for the school some months ago. The replacement will be some type of community facility.

Essex Crossing includes 1,000 apartments, a 14-screen movie theater, a new Essex Street Market, a cultural facility and other amenities still to be named.

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http://www.thelodownny.com/leslog/20...-crossing.html

[chris08876]

Larger SHoP Rendering:


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CNY

[chris08876]

Planet Fitness to Open New Gym in Essex Crossing

A new Planet Fitness location is expected to open at Essex Crossing in 2018, the company announced Tuesday.

The low-cost fitness chain, which has more than 1,000 gyms nationwide, plans to open a 22,000-square-foot center on the second floor of 145 Clinton St., according to a press release.

“To be a part of a such an impressive project in such an important community is an unbelievable opportunity for Planet Fitness,” said Jeff Innocenti, CEO of Planet Fitness New York LLC, a franchisee of the New Hampshire-based chain.

Planet Fitness offers low-cost gym memberships and bills itself as a “judgment free zone” for exercise beginners and more experienced exercisers, according to its website. The Essex Crossing location will be the company’s fifth in Manhattan, the release said.

The gym will be located in a 15-story mixed-unit building currently under construction at the corner of Clinton and Grand streets.

In addition to 211 apartments — 104 of which will be affordable — the site boasts nearly 70,000 square feet of retail space, including the fitness center, a supermarket and a 15,000-square-foot public park, according to the developer, Delancey Street Associates.

Planet Fitness is the third major retail tenant to sign a lease at Essex Crossing. It joins Splitsville Luxury Lanes, which plans to open a 17,000-square-foot bowling alley that would serve sushi and calamari in 2017, as well as a 14-screen Regal Cinema multiplex, which will feature full-size recliners with foot rests when it opens in late 2017 or 2018.

New York University also announced plans to open a health center at Essex Crossing, according to the Lo-Down.

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http://www.dnainfo.com/new-york/2015...essex-crossing

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Essex Crossing's 150,000-Sq-Ft Market Unveils Plans

Tuesday, October 20, 2015
Evan Bindelglass

As the Essex Crossing megaproject grows on the Lower East Side, more details have been revealed about the amenities coming to the neighborhood-transforming development: a Regal Cinema, a new Essex Street Market, a bowling alley, a medical center, parks, roof gardens, and a variety of housing. But what about something that brings them together? Enter the Market Line, a bi-level market in the tradition of Philadelphia's Reading Terminal Market and Seattle's Pike Place Market, which will connect three of the sites along Broome Street, the Lo-Down reports.

Continue Reading

[chris08876]

Extra Renderings via city realty:






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http://www.6sqft.com/shops-essex-cro...-the-nation-2/

[chris08876]

Wells Fargo Provides $80M Financing for Essex Crossing Site 6

Wells Fargo provided a new $79.5 million financing package for Essex Crossing on the Lower East Side, bringing the bank’s total funding on the massive development project to more than $200 million, Commercial Observer has learned.

The bank provided Delancey Street Associates with a $26.4 million construction loan—$6 million of which was provided by nonprofit Low Income Investment Fund—and $11.7 million in New Market Tax Credits to finance the commercial portion of Site 6, which will house a 15-story mixed-use building. Wells Fargo also provided a $16.9 million construction loan and $11.5 million in Low-Income Housing Tax credits on the residential portion of the development. Eventually, the bank will invest a total of $25.8 million in LIHTC equity on the property.

Additionally, Goldman Sachs and project’s developer Delancey Street Associates—which is comprised of L+M Development Partners, BFC Partners and Taconic Investment Partners—provided roughly $13 million in equity.

The site, which is located at 175 Delancey Street between Clinton Street, Broome Street and Ridge Street in the Lower East Side, will house 100 apartments for seniors, according to Dattner Architects. The apartments will be marked as affordable. New York-based nonprofit Grand Street Settlement will be operating the senior center.

“Site 6 is a significant part of this project because its providing much needed affordable housing,” said Isaac Henderson, project manager at L+M and the director of the Essex Crossing project. “As the population is aging, the need for affordable senior housing is becoming increasingly more important and we are excited that Site 6 is playing a role in that.”

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https://commercialobserver.com/2015/...ossing-site-6/