The Real Deal New York

Here’s how long it will take to wrap up construction at the Essex Crossing megaproject

By Demi Guo | March 14, 2018 04:50PM

The $1.5 billion mixed-use Essex Crossing megaproject rising on the Lower East Side has yet to roll out much of its residential, retail and office components. When it does get up and running, the complex itself will likely span 1.9 million square feet.

So when exactly does the development team — comprised of Taconic Investment PartnersL+M Development PartnersBFC Partners, Goldman Sachs Urban Investment Group and the Prusik Group — expect to wrap up construction?

The massive, 10-building project broke ground in 2015, and the development partnership expects a 2024 completion. The first market-rate rentals at 145 Clinton Street listed earlier this month, with studios going for $2,852 a month and three-bedrooms asking $7,940.

To get a better sense of when construction will be finished, The Real Deal took a look at each project’s expected completion date. For a closer look at the megaproject, check out the above slideshow.