Later this month, construction is set to get underway at 180 Broome Street, a 26-story mixed-use tower that’s part of the Lower East Side megaproject, Essex Crossing. In anticipation of that, the development consortium behind the project, Delancey Street Associates, has unveiled a new rendering for the Broome Street building a.k.a. Essex Crossing site four.
The tower will feature 10,000 square feet of retail on the ground floor, 175,000 square feet of office space on floors two through five, and 263 rentals on the floors above that. Of the total apartments, 121 units will be affordable. The building’s cellar level will also be home to a portion of the Market Line.
The building was designed by Handel Architects, and the developers recently secured a $200 million loan to allow construction to move forward. The project will be built at a cost of $300 million, and is expected to wrap construction sometime in 2020.