UPDATED: Sept. 21 at 2:32 p.m. A new 25-story mixed-use building is coming to the Essex Crossing development, according to permit applications filed with the city on Wednesday.
Delancey Street Associates— a partnership between BFC Partners , L+M Development Partners and Taconic Investment Partners— is developing the mixed-use project, which will bring more than 1,000 housing units and 850,000 square feet of commercial space to the Lower East Side.
The latest plans call for a 263-unit building at 180 Broome Street, known as “site four” of the nine-site project, bordered by Suffolk and Clinton streets.
Residential space will span 198,927 square feet and there will be an additional 148,067 square feet of commercial space, permit filings indicate.
A retail market will be on the cellar level, while retail stores and part of the Market Line will occupy the ground floor. More retail space will be on the mezzanine level. Offices are planned for the second through fifth floors, and the sixth floor will hold a residential terrace plus exercise and amenity rooms. Twelve apartments will be on the sixth floor and the seventh through 24th floors will each have 14 apartments.
Handel Architects is behind the design of the new building, as well as a 25-story mixed-use building at 115 Delancey Street, known as “site two.” The architecture firm has not yet released renderings of the proposed buildings.
Goldman Sachs’ Urban Investment Group has invested nearly $200 million into the $1.1 billion mixed-use project and is likely to up that to $500 million by the time it’s completed.