Rendering of LES Target courtesy of Beyer Blinder Belle
New York City is experiencing a Target-takeover. The retailer has just signed a lease to open a 22,500 square-foot store in the Lower East Side at Essex Crossing, a 1.9 million-square-foot development stretching across several Manhattan blocks. As the Wall Street Journal reports, the new store will be located on the second floor of 145 Clinton Street, a 15-floor tower currently under construction. A Trader Joe’s supermarket will be on the lower level and apartments will be housed above.
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It’s been almost exactly a year since Beyer Blinder Belle released renderings of Essex Crossing‘s site 5, a $110 million, 15-story mixed-use building that will give way to 73,000 square feet of retail space, where Trader Joes and Planet Fitness will move in, and a 15,000-square-foot adjacent park. Located just a block southwest of the Manhattan entrance of the Williamsburg Bridge at 145 Clinton Street, it will have 211 rental units, half of which will be reserved for low- and middle-income individuals. These 104 affordable apartments are now available through the city’s online housing lottery, the first of the mega-development’s 561 affordable residences to come online. They’re set aside for those earning 40, 60, 120, and 165 percent of the area media income and range from $519/month studios to $3,424/month three-bedrooms.
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The nine-site Essex Crossing plan underway on the Lower East Side will bring more than 1.9 million square feet of residential, commercial, and community space to the largest undeveloped swath of land in the borough south of 96th Street. The long-tweeked master plan is being developed by an alliance named Delancey Street Associates, which consists of BFC Partners, L+M Development Partners, and Taconic Investment Partners.
The plan’s site 5, located just a block southwest of the Manhattan entrance of the Williamsburg Bridge at 145 Clinton Street, will bring 211 apartments, 73,000 square feet of retail space, and a 15,000-square-foot park to the full-block parcel between Grand, Clinton, Broome and Suffolk streets. Beyer Blinder Belle Architects & Planners are the designers of the red-brick tower and recently published a set of renderings, first shown to the community in 2015, giving us a more detailed look at the $110 million, 15-story building.
More details and renderings ahead