Katz’s new neighbor is rising quickly. Construction at 196 Orchard Street, next to the delicatessen on the Lower East Side, is moving along, though pushing past its original estimated completion date of late 2017. The 11-story structure has topped out, and façade installation has reached the sixth floor.
Permits have been filed for a 14-story mixed-use building at 199 Chrystie Street, on the Lower East Side. Ian Schrager’s Herzog and de Meuron-designed 215 Chrystie Street is just a few doors down, and its new neighbor will borrow from the same playbook, with massive condominiums indicated in the new building applications.
Delancey Street Associates has launched leasing for 350,000 square feet of office space in Essex Crossing. This will be the first significant block of Class-A office space to come to Manhattan’s Lower East Side, and the developers hope the quasi-historic surrounds and combination of new and existing retail will be enough to lure tenants.
The Lower Lower East Side, aka Two Bridges, now has its first official skyscraper, with One Manhattan Square having topped-out yesterday. The tower, which also goes by its address 252 South Street, stands 847 feet and 72 actual floors (80 marketing) to its pinnacle, having risen the last ten floors to its rooftop since YIMBY last checked in on the site, in late August.
A few low-slung buildings on the borderlands of Chinatown and the Lower East Side are going to meet the wrecking ball for an attractive new rental development. Building applications have been filed for 282 Grand Street, between Eldridge and Allen Streets on the Lower East Side, which is being designed by Peterson Rich Office.
