The Real Deal New York

Nonprofit is planning a 400-unit affordable project in the LES

Grand Street Guild to build two 15-story towers on Broome Street
January 29, 2018 02:15PM

178 Broome Street (Credit: Google Maps)

The Lower East Side’s development boom continues. Nonprofit Grand Street Guild plans to build a pair of 15-story apartment buildings on Broome Street.

The towers will include 400 below-market rental apartments. Curbed reported that the development will likely replace a daycare center at 151 Broome Street and a parking lot at 178 Broome.

Handel Architects is designing the project, which will be 100 percent affordable and include a garage.

The site sits next door to Essex Crossing, Taconic Investment Partners, L+M Development Partners, BFC Partners, and Goldman Sachs Urban Investment Group’s $1.5 billion megadevelopment.  [Curbed]Konrad Putzier