Glossy New Rendering for Disheveled Delancey Street Development
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.