Last 2 Parking Lots on Delancey Street Closing in the Next Month for Essex Crossing Towers
For the first time in fifty years – since the notorious “urban renewal” slum clearance of 1967 – the last two parking lots on Delancey Street will soon go under the knife. The parcels are incorporated into the Essex Crossing development, and as such, are ready for their luxury payload.
The Lower East Side Partnership (nay, BID) leased SPURA Site 3 (passenger vehicles) and Site 4 (commercial vehicles) from the city the last couple decades. Until now. Leases were officially terminated through a court order, with both closing in the next month.
The latter lot, home of commercial parking for local businesses, is first to close this week (December 14). In its place will rise a 25-story tower stocked with 263 apartments (half affordable) across nearly 200,000 square-feet of residential space, plus an additional 148,067 square-feet designated commercial.
Then next month, the neighboring car-park at Site 3 will likewise fall. Signs onsite indicate a closing date of January 14, and that redevelopment will commence shortly thereafter. As previously reported, plans call for a 15-story mixed-use construction that includes 83 market-rate condo units across 104,594 square-feet (no affordable housing here). The project also includes 153,819 square-feet of commercial space, the majority of which is earmarked for the Market Line, the assemblage of shops connecting to the Essex Crossing “Gateway” building across Norfolk Street.