Leasing has officially launched for The Essex, a new residential rental tower on Manhattan’s Lower East Side. The 26-story building at 125 Delancey Street will be the tallest component of the 1.9 million square foot Essex Crossing development, comprised of residential buildings, commercial components, a 14-screen Regal Cinemas, redevelopment of the historic Essex Market, and a new bazaar-style marketplace.
Designed by Handel Architects, The Essex yields 98 residences offering stainless-steel appliances and quartz countertops, high-end fixtures, and in-unit washer/dryers.
Lobby interiors will be outfitted in natural wood and stone materials, accompanied by oversized windows to promote the flow of natural light. Residential amenities will include a rooftop terrace, a residents’ lounge and game room, meeting rooms, a library, a children’s playroom, and a fitness center. A sixth-floor garden terrace with hammocks, grills, dining areas, and an impressive quarter-acre urban farm will also be included.
“The overwhelmingly positive response we have received at The Essex speaks to the demand for rentals of this caliber,” said JR Sena, Senior Marketing Director at Douglas Elliman New Development Marketing. “Spectacular amenities, unprecedented views from this LES location, striking architecture and residences thoughtfully designed to capture it all, define its remarkable presence in the marketplace.”
From the development consortium Delancey Street Associates, The Essex represents a collaboration between L+M Development Partners, BFC Partners, Taconic Investment Partners, the Prusik Group, and the Goldman Sachs Urban Investment Group.
Available units will range from studios to two bedrooms, beginning at $3,750 a month.