Delancey Street Associates (DSA), a joint venture of L+M Development Partners, BFC Partners, Taconic Investment Partners, the Prusik Group and the Goldman Sachs Urban Investment Group, have officially launched leasing for 98 units at The Essex. More than a quarter of the residences have already pre-leased due to high demand, and move-ins began in December.Read More
New York City’s newest CitizenM hotel, located at 185 Bowery on the Lower East Side, has wrapped up construction and is open to the public. The hotel, which rises 19-stories and 224’, is now the tallest modular hotel in the United States and in the world.Read More
As part of the movement to reform its criminal justice system, New York City wants to open four, borough-based jails to achieve its long term goal of closing the notoriously violent and dysfunctional Rikers Island.
Residents of Lower Manhattan convened last week at a town hall style meeting, where city officials attempted to justify the proposal, often without being able to finish a sentence. They touted the new plan, arguing that it would bring inmates closer to their families and the courthouses, improving their chances of successful re-entry after release. Other services such as mental health programs, education, and rehab facilities would also be more accessible.
One of the proposed 40-story jails would replace a current government building at 80 Centre Street in Chinatown and would include a ground floor of retail space. The city’s goal is to reduce the current number of incarcerated persons from 9,000 to 5,000.
"They should reform the jail system. Not move it down to our community,” said Mary Wu, a resident of Chinatown. "If they want to be close to their relatives to visit, move it to their community.” She thinks the area would benefit from senior and affordable housing instead of a jail.
Although the intention to close the 86-year-old prison complex is good, expanding the criminal justice footprint by opening other prisons doesn’t seem to address the problems that Rikers had: correctional misconduct, bail, and bad policing. Aside from better lighting and slightly smaller size, the city has failed to address how the prisons will be safer for both inmates and correctional officers.
Brandon Holmes, coordinator of advocacy group Close Rikers Campaign, points out that “the city would also need to undertake a dramatic overhaul of its criminal justice system, enacting radical changes such as ending bail bonds, cutting back on detention for low level offenses, and reevaluating pretrial detention as a whole,” in order to hit the target goal and to avoid overcrowding when and if Rikers is closed.
Article by: Katya Demina
Essex Crossing's 242 Broome has revealed a first look at its units, revealing an ASH NYC-furnished 2-bedroom, 2.5 bathroom spread. The units covers 1,353 SF and is finished with luxe Schumacher wallcoverings.Read More
The first phase of BIG U, the Bjarke Ingels and One Architecture & Urbanism-designed storm protection system coming to Manhattan's Lower East Side, is now underway as Rebuild by Design and Gold Old Lower East Side have released an RFP for a stewardship part. The submission deadline for the RFP is August 9, 2018.Read More
242 Broome, the first condominium within the highly-anticipated Essex Crossing development on Manhattan’s Lower East Side, has officially commenced closings and is now open to residents. The 14-story project topped out in April and is over 65% sold. 242 Broome was developed by Delancey Street Associates and was designed by SHoP Architects with interiors by DXA Studio.Read More
PROFILEnyc had the exclusive opportunity to sit down with Charles Bendit, co-CEO of Taconic Investment Partners, to discuss transforming the Lower East Side and his involvement in the Essex Crossing mega-project as well as its first condo building, the SHoP Architects-designed 242 Broome.Read More
The Rollins has officially opened in Essex Crossing after launching leasing with immediate occupancy in the Lower East Side’s $1 billion urban renewal mega-project. Located at 145 Clifton Street, The Rollins offers 107 market-rate rental apartments and 104 affordable apartments.Read More
Following the announcement that it will be the new home of the International Center of Photography (ICP), 242 Broome, the first condominium within Essex Crossing on the Lower East Side, has released that the project is now 50% sold, according to developer Delancey Street Associates.Read More