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Essex Crossing Moves Forward with 180 Broome St. Financing

Delancey Street Associates closes on loan for constructing a 26-story mixed-use building on the Lower East Side.

180 Broome Street 180 Broome Street/ architectural rendering by Handel Architects

NEW YORK CITY—Delancey Street Associates has closed on financing for Site 4, the sixth of nine sites in the Essex Crossing project to begin construction.

The 26-story building at 180 Broome St. includes 175,00 square feet of office space, 263 units of mixed-income rental housing and 27,000 square feet of retail space. The residential area comprises 142 market-rate rental units and 121 affordable rental units. The development includes a portion of the Market Line, a 700 foot-long concourse along Broome Street, having small to medium-sized retail and food vendors.

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Betsy Kim

Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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