Though Essex Crossing will bring 1.65 million square feet of residential, community, and commercial space to the Lower East Side, only one of the 10 sites will offer condos–242 Broome Street. Located at Site One, the SHoP Architects-designed tower is currently getting its foundation poured, and along with this groundbreaking comes a sales website with new details on the project, reports CityRealty.com.
The 14-story building will have a five-story base to house retail and commercial tenants and a bowling alley from Splitsville Luxury Lanes. On the fifth floor will be a cultural space (the Andy Warhol Museum previously planned to open an outpost here) and rooftop sculpture garden. Above will be 55 one- to three-bedroom condos, 11 of which will be affordable. Tentative pricing for the market-rate units ranges from $1,275,000 to $7,000,000, according to the latest edition of Elliman Magazine (the brokerage will be handling sales).
SHoP’s tower twists westward at its upper floors to maximize light and views. Its facade is composed of champagne-colored aluminum. DXA Studio is taking on the interior design, where they say they’ll incorporate slab marble, blackened steel, and warm woods.
Amenities will include a 24-hour doorman, fitness center, bike storage, rooftop terrace, and an entertainment lounge with a kitchen and game area.
SHoP is also responsible for Essex Crossing’s massive market called Market Line. As 6sqft previously reported, “the bi-level space… will cover 150,000 square feet and connect three sites along Broome Street (including 242 Broome). It will be a foodie/retail promenade with a floating garden, beer hall, galleries, tech incubators, and, according to renderings, an outpost of Smorgasburg.”
Sales at 242 Broome Street are expected to launch this fall. Find future listings .
- Beyer Blinder Belle Publishes Renderings of Essex Crossing’s Site 5
- First Four Essex Crossing Buildings Revealed
- SHoP’s Essex Crossing Mega-Market Will Be One of Largest in the Nation
- All Essex Crossing coverage on 6sqft
Renderings via SHoP Architects
Neighborhoods : Lower East Side