Taconic mulls locations for expansion of Essex Crossing

Developer eyes former Eastern Dispensary, synagogue on the Lower East Side

TRD New York /
Mar.March 20, 2014 03:40 PM

Taconic Partners could be expanding its Essex Crossing project on the Lower East Side.

The firm showed interest in purchasing the former Eastern Dispensary at 75 Essex Street, directly across from the future site of the complex, in an email intercepted by Bowery Boogie.

“The expansion is under wraps for now, but money talks and we have it,” the email reads, with the author’s name redacted.

Shalon Eisner, the property’s current owner, recently pulled the former pharmacy off the market and agreed yesterday to a historic landmark designation for the site — as long as he can build on top of it, according to Bowery Boogie. Developers have long eyed the building’s 5,296-square-foot lot and 31,776 square feet of air rights, as previously reported.

The full board and the Landmarks Preservation Commission still need to sound off on designating the property, and Taconic is also considering the Beth Hamedrash Hagadol synagogue at 60 Norfolk Street for the site of its planned expansion, the blog reported. [BoweryBoogie]Angela Hunt

Related Article

From left: Taconic co-CEOs Charles Bendit and Paul Pariser, 125 West End Avenue, and Nuveen's Mike Sales (Credit: Taconic, Google Maps, and Nuveen)

Nuveen teams up with Taconic on ABC campus buy

242 Broome Street (Credit: Saul Metnick)

International Center of Photography closes on $29M space at Essex Crossing

Taconic, Mitsu Fudosan land $200M loan for Hell’s Kitchen apartment building

TH Real Estate, Taconic buy 440 Ninth Ave for nearly $270M

Essex Crossing developer lands $161M to refi rental building

Can NYC shed its test-tube status?

These were the top 10 outer borough loans in September

Taconic, Clarion buy pair of Bronx apartment buildings for $28M