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Essex Crossing Closes on $200 Million Loan For 26-Story Tower | The Lo-Down : News from the Lower East Side

Essex Crossing Site 4, 180 Broome St. Rendering by Handel Architects.
The developers of the Essex Crossing mega project have locked in a $200 million loan from Wells Fargo and M&T Bank for their 26-story building at 180 Broome St.
Delancey Street Associates, the group building the 1.9 million square foot project, announced this afternoon that it had closed on a construction loan for the residential, office and retail tower. 180 Broome St. (at Clinton Street) is located on site 4 of the former Seward Park Urban Renewal Area (SPURA).
Construction will begin on the tower later this month. The Lower East Side Partnership just cleared commercial vehicles from a parking lot it managed on site 4 for many years. Construction fencing will start to go up this week. [Traffic will be re-organized around the site to accommodate the new fencing.] ....

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Vision For New Essex Street Market Comes Into Sharper Focus | The Lo-Down : News from the Lower East Side

When the first phase of Essex Crossing opens next year, nearly everything about the large development project will, of course, be brand new. One exception is the 77-year-old Essex Street Market, which is moving to an expanded space on the south side of Delancey Street. Whether the beloved public facility feels connected to its Lower East […] ....

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A First Look at the New Essex Street Market; City Seeks Two New Restaurants | The Lo-Down : News from the Lower East Side

A year before the scheduled move of the Essex Street Market into a new home in the Essex Crossing project, city officials are going public with a few details about the new facility. ....

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Vision For New Essex Street Market Comes Into Sharper Focus | The Lo-Down : News from the Lower East Side

Rendering: Essex Street Market.
When the first phase of Essex Crossing opens next year, nearly everything about the large development project will, of course, be brand new. One exception is the 77-year-old Essex Street Market, which is moving to an expanded space on the south side of Delancey Street. Whether the beloved public facility feels connected to its Lower East Side roots will help determine whether the larger residential and commercial development is embraced by the local community.
At a recent meeting of Community Board 3, city officials began to lay out a vision for the new market, which is expected to open at 115 Delancey St. in September of 2018. The presentation was led by David Hughes, vice president and executive director of markets for the city’s Economic Development Corp. (EDC) ....

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The Lower East Side: Where Historic Tenements Meet Glassy Towers

The Lower East Side: Where Historic Tenements Meet Glassy Towers
In recent years, the country’s ‘most famous immigrant neighborhood’ has welcomed new high-end development. But it still has an old-school vibe.
By Aileen Jacobson
Published Dec. 23, 2020Updated Dec. 24, 2020
Richard Kimmel was drawn to the Lower East Side partly by “a lot of family history,” he said, including his great-grandmother, “who arrived at Ellis Island on the Fourth of July in 1898,” and made her way to the densely populated neighborhood that has long been a haven for immigrants of many origins, with Eastern European Jews predominating at the turn of the last century. ....

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