New York's landscape is constantly being shaped by new development projects emerging across the city. Essex Crossing, set for completion in 2020, is the latest project creating a lot of buzz around Manhattan's Lower East Side. Over 1,000 new residences, offices and retail spaces will make up the 1.9 million sqft development, which will also include parks, open green space and other cultural destinations. The International Center of Photography will make the new hub its permanent home, next to a new bowling alley, a movie theatre in the neighborhood. Four major subway lines (F/M/J/Z) will offer easy access to New Yorkers coming from all directions of the city.
The project is being launched in several phases. One of the two residential towers, The Essex, opened up 98 apartments to renters in 2018, with studio apartments starting at circa 3,750 USD. The luxury apartments include a billiards lounge, a garden terrace, rooftop decks and a small urban farm. Condo sales at the second tower, 242 Broome Street, have been strong. More than 75% of the units, which were designed by the world-renowned SHoP Architects, were sold by the end of 2018. A 1-bedroom apartment in the building, which boasts its own entertainment lounge and panoramic roof top terraces, starts at 1.3 million USD.
The Market Line at Essex Crossing, is a world-class market with over 150 local vendors that will unite a grocery, a gallery area, and food hall under one roof. The grocery will be the first to open in Spring 2019, occupying one entire city block. Some of the vendors at the current Essex Street Market (home to New York's oldest & legendary mom-and-pop food vendors) have already relocated to new shops at the Market Line, with more to join. The gallery area, which will also occupy its own block, will combine the vibrant Lower East Side art scene with clothing boutiques, independent designers, and a live music venue to create a dynamic cultural destination. The food hall will offer prepared foods in a modern, market-style setting for quick bites and shopping. 2020 can't come soon enough!