The exciting mega-development of Essex Crossing means six acres of nine long-vacant sites (since 1967) in the Lower East side will be completely revitalized with 1.9 million square feet of commercial, community, and more importantly, residential space that includes 1,079 units - more than half of which will be affordable housing.
Adding to the anticipation, the world's leading institution dedicated to photography, International Center of Photography (ICP), announced last week that its new home will be a four-story building occupying a full city block between Ludlow and Essex streets in the development. The center will also occupy two more floors in the adjacent (connected by long stairs) champagne-colored residential building 242 Broome Street, the facade of which was recently completed. This marks a move that will reunite ICP's museum (which recently moved to 250 Bowery) and school (1114 Sixth Avenue). The institution will make the move after the fall 2018 exhibition and is expected to open in the summer of 2019.
Adding to the anticipation, the world's leading institution dedicated to photography, International Center of Photography (ICP), announced last week that its new home will be a four-story building occupying a full city block between Ludlow and Essex streets in the development. The center will also occupy two more floors in the adjacent (connected by long stairs) champagne-colored residential building 242 Broome Street, the facade of which was recently completed. This marks a move that will reunite ICP's museum (which recently moved to 250 Bowery) and school (1114 Sixth Avenue). The institution will make the move after the fall 2018 exhibition and is expected to open in the summer of 2019.
In this article:
“With this new addition, Lower East Side residents and visitors will soon be able to enjoy a world-renowned museum, photography school, and the historic Essex Street Market—all just a block apart.”
ICP’s announcement comes at an exciting time for Essex Crossing. It was also just announced by Delancey Street Associates, comprised of Taconic Investment Partners, BFC Partners, and L+M Development Partners, that 115 Delancey Street topped out at 26 stories. The building will house some exciting plans which include phase 1 of the 150,000-square-foot Market Line, the new Essex Street Market, and a 14-screen Regal Cinemas. Renderings of Essex Crossing's second phase were also recently released to reveal new housing, office space, and another part of the Market Line. You can view them below.
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Set to open in 2018 are several commercial tenants like Target and Trader Joe's at 145 Clinton Street, and an NYU urgent care facility at 175 Delancey Street. A 15,000-square-foot public park and a new home for Grand Street Settlement are also set to debut sometime next year.
Construction on Essex Crossing, also known as the Seward Park Extension Urban Renewal Area (SPEURA), started in 2015 and is expected to be complete by 2024.
Map of Essex Crossing's Nine Sites
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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