Essex Street Market Warehouse Gets Demolition Death Shroud Ahead of Phase II Development

Posted on: November 20th, 2017 at 9:50 am by

More than seventy-seven years after its construction at the behest of Mayor Fiorello La Guardia, another Essex Street Market building is on death’s door. The shroud of netting and scaffolding was affixed to the facade of 140 Essex Street (aka Site 8) last week.

Another piece of Lower East Side history razed; yet the end is neither sudden nor surprising.

Essex Crossing developer Beyer Blinder Belle filed demolition permits back in the summertime for the former Lowine Lab. In the intervening months, the warehouse continued to sit empty with the exception of a Hanksy show (“Market Surplus”) in June.

Then this month, renderings surfaced of the new senior building that will sprout here. Right beside Hell Square.

As previously reported, the new development planned for 140 Essex Street is the first for Phase II of Essex Crossing, and it’s 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.

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