For quite some time, 242 Broome Street has held the distinction of being the only condominium in Lower East Side mega-development Essex Crossing. The building’s eye-catching architecture, luxe interiors, and enviable location quickly attracted attention, and its tiny handful of remaining availabilities starts at $2.3 million. However, another chance to buy in Essex Crossing is on the horizon: Down the street, One Essex Crossing is gearing up for a spring sales launch.
Located at 202 Broome Street, One Essex Crossing would appear to encapsulate Essex Crossing’s master plan under one roof: Its 34,500 square feet of retail space will include a portion of The Market Line food hall, and there will be 175,000 square feet of offices on top. The 83 condos will be situated on floors 6-14 and feature thoughtful layouts to make the most of incredible natural light. An offering plan submitted in July 2019 is still under review, but prices are said to range from $975K for studios to $4.1 million for three-bedrooms with private terraces. Penthouses are price on request.
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The gridded facade by CetraRuddy pays tribute to historic Lower East Side buildings, but generous setbacks with native plantings allow for touches of green that the tenements of old certainly never enjoyed. Indeed, the building will be topped with a green roof, and approximately thirty percent of units will have private outdoor space. In addition to the green roof and common indoor/outdoor terraces, amenities will include a lounge and fitness center. Construction topped out in November 2019, and occupancy is estimated for early 2021.
“Essex Crossing is shaping up as one of New York’s most promising mixed-use developments” - Michael Kimmelman, New York Times architecture critic
Map of One Essex Crossing via Delancey Street Associates
One Essex Crossing is the seventh building overall in Essex Crossing, the development The New York Times has described as “the anti-Hudson Yards” for its thoughtful architecture, embrace of local businesses, commitment to affordable housing, and community outreach. As of this writing, an affordable lottery for 121 units starting at $783/month is underway at The Artisan. The Market Line opened to the public just before Thanksgiving 2019. At the end of January, the International Center of Photography unveiled the first exhibits in its new home at 242 Broome Street.
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