Demolition Imminent for 11 Essex Street as 11-Story Micro-Unit Development Looms
A Lower East Side tenement with a controversial history is coming down. The city issued the demolition permit for 11 Essex Street back in June, paving the way for redevelopment into micro-unit housing.
The sidewalk bridge in place is further visual evidence.
As previously reported, real estate scion Sion Misrahi parted with the neglected property in August of 2017 for $11.4 million, sixteen years after his acquisition and subsequent liquidation of the predominantly low-income tenants. The new owner (11 Essex Realty LLC) is now underway on an eleven-story replacement “catering to young professionals,” in its own words. It’ll sport thirteen one-bedroom and three two-bedroom micro-units, plus a full-floor Penthouse.
TRA Studio is the architect of record for 11 Essex, and describes the project as such:
This slender 120’ tall mixed use building, located on a shallow lot in the lower East Side , houses thirteen one bedroom micro-units apartments, ranging from approximately 500 sf and three two bedroom full-floor Penthouse units, catering to young professionals.
The disciplined flow of spaces makes the apartments feel bigger and extremely comfortable. Each unit has ample closets and a private laundry are, amenities include rooftop recreation space, a 16’ high Lobby and a bike storage area.
Meanwhile, there are no proposals or permits yet submitted to Department of Buildings.