The Real Deal New York

Demolition approved for two buildings on Essex Crossing site

400-402 Grand Street to be replaced by new apartments, grocery store

April 09, 2014 05:30PM

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From left: 400 Grand Street and a rendering of Essex Crossing

From left: 400 Grand Street and a rendering of Essex Crossing

UPDATED, 6:36 p.m., April 9: The Department of Buildings has given the green light for the demolition of 400-402 Grand Street, two buildings in the path of the Essex Crossing mixed-use project, according to city records dated April 4.

BFC Partners head Donald Capoccia is named on the request, and is one of four firms on the project’s redevelopment team, the Lo Down reported. But Delancey Streets Associates, the development team behind the Essex Crossing project, told The Real Deal that no demolition permit has been secured for 400-402 Grand Street just yet.

“We have not obtained a demolition permit,” DSA told The Real Deal in an emailed statement. “In keeping with our scheduled commitment to start construction in April 2015 we have been working on design along with all of the steps to close on construction financing, including demolition of the building. This is the the first step of a 6 to 12 month process, which is the opening of an application so that a means and methods plan can be reviewed.”

The spot, dubbed site no. 5, will eventually hold new apartments, a grocery store, school and a 15,000-square-foot park, as previously reported. The groundbreaking is slated for spring 2015.

Six residents reportedly still live at 400 Grand, and received a tentative move-out date of June 30, though the city has said that date could be moved.

[Lo Down]Julie Strickland

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