(Photo: Courtesy of Delancey Street Associates)
Brace yourselves, the behemoth is coming: the Lower East Side monster development known as Essex Crossing is (sort of close) to completing the first of nine units that will comprise the 1.9 million-square foot project. The developers, Delancey Street Associates, announced the “topping out” of 175 Delancey Street today, which is a fancy developer term for finishing the last part of a building’s basic structure.
However, that doesn’t mean it’s done yet. In fact, the ominously entitled “Site 6,” which is set to be a 14-story building with 100 units of affordable senior housing, won’t be completed until December 2017, a statement from Delancey Street Associates revealed.