12-Story Delancey Tower Reanimates After Nearly a Decade of Delays

Posted on: August 8th, 2018 at 5:00 am by

One of the more notorious zombie developments on the Lower East Side – in the works for the better part of the last decade – recently reanimated.

The half-built, through-block development of 210 Delancey Street (with frontage on Pitt) is now covered in a shroud of black netting. No doubt signaling resumption of construction activity.

As previously reported, the design took a complete 180 from the previous vision that stalled out many moons ago. ODA Architecture is now aboard the 12-story project (120 feet), which introduces curved windows and protruding terraces. The final product will boast 58,600 square-feet of residential across 70 apartments, thought to be condo units that could fetch $2.6 million apiece. Amenities include roof deck, laundry room, lounge, outdoor recreation areas, pet-grooming station, on-site parking, bike room, and storage.

Photo: New Empire Real Estate Development

Target completion date is “winter 2021.”

The group of investors led by Andy Zhu – which purchased 208-210 Delancey Street in 2011 for $8.7 million – sold the unbuilt Delancey Bridge Tower to China-based developer New Empire Real Estate Development back in December 2017. Closing price was $29 million.

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