Glossy New Rendering for Disheveled Delancey Street Development
Photo: ODA Architecture
Nearly a decade later, we’re still talking about a zombie development that, until now, has yet to reanimate. However, with the sale of 208-210 Delancey Street two months ago, comes a new vision for a the long-stalled Delancey Bridge Tower.
As the above rendering illustrates, the design is a complete 180 from the previous incarnation. ODA Architecture is now aboard the 12-story project, which introduces curved windows and protruding terraces. Honestly, it looks like a spaceship that landed and crushed a bunch of tenements on the approach.
The group of investors led by Andy Zhu – which purchased 208-210 Delancey Street in 2011 for $8.7 million – sold the Delancey Bridge Tower to China-based developer New Empire Real Estate Development back in December. Closing price was $29 million, significantly less than the asking amount in previous real estate listings (Cushman & Wakefield had it on the market for $33.9 million).
This project has basically been a clusterfuck since its inception. The forever-stalled site was a bang-to-bust construction dating back to 2012; it should’ve already reached its twelve-story height by now. However, there hasn’t been activity here since the summer of 2014 (at least), leaving the steel bones of the project exposed.
Plus, to muddy the water, since its groundbreaking more than five years ago, there had also been a series of lawsuits amongst former ownership.
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