Essex Crossing Releases Rendering of Second Affordable Senior Building
For all intents and purposes, Phase I of Essex Crossing is pretty much complete. Now it’s on to the next step.
The latest renedering to hit the boards is for 140 Essex Street (aka Site 8), which previously housed the Lowline Lab and Hanksy exhibit (“Market Surplus”). Developer Beyer Blinder Belle released the image on Friday afternoon.
The updated look at the development arrives more than four months after the city approved plans for its construction, as first reported here.
The new development planned for the 77-year-old Essex Street Market warehouse is earmarked exclusively for seniors. It’ll rise roughly eight stories (128 feet) and boast 92 studio apartments across 46,078 square-feet that are 100% affordable. Residents will have access to a second-floor residential terrace, laundry room, and eighth-floor library. There is also 9,645 square-feet of ground-level retail.
Eligible seniors must make between zero and 60 percent of the area median income, or those earning up to $40,000 per year.
The Site 8 studios together represent the second senior affordable building developed for Essex Crossing. The first, headquartered at 175 Delancey Street (aka Site 6), expects its first tenants early in the new year.