All eyes were on Hudson Yards last week, but a few miles south of that megaproject, another large-scale development is gearing up to go public.
At Essex Crossing, the development rising on the Lower East Side’s former SPURA site, a handful of buildings have already opened to residents, but few of the promised public amenities have materialized. (At 145 Clinton Street, aka the Rollins, a Target and a Trader Joe’s opened at the end of 2018.)
But that’s going to change in the next couple of months: According to Delancey Street Associates, the development group behind the project (which includes L+M Development Partners, BFC Partners, Taconic Investment Partners, the Prusik Group, and the Goldman Sachs Urban Investment Group), it’s going to be a busy season for Essex Crossing. It’ll soon see the debut of the new Essex Street Market and the first phase of the Market Line, both of which will be in 125 Delancey Street; a Regal Cinemas movie theater, and a park designed by West8.
In advance of that progress, the developers have also unveiled model units of the studio through three-bedroom apartments at the Essex, which is the tallest building in the megaproject—26 stories tall—and already making steady progress in getting renters. About half of its units have already been snapped up, and a bunch (many with no broker’s fee) are listed on StreetEasy. (The units are on the pricier side, starting at just under $4,000/month with a net effective rent jn place.)
And the building itself has a boatload of perks in addition to proximity to all of Essex Crossing’s offerings, from a fitness center with Peloton bikes to a garden with a “quarter-acre urban farm, with produce grown there available for building residents.”