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NEW YORK CITY-A $1.1-billion joint venture of L+M Development Partners, BFC Partners and Taconic Investment Partners will develop 1.65 million square feet of mixed-use space on nine sites of mostly vacant land along Delancey and Essex streets on Manhattan’s Lower East Side, the Bloomberg administration said Wednesday. The former Seward Park Extension Urban Renewal Area represents the largest undeveloped swath of city-owned land south of 96th Street, and has been in the works since 1965.

The development will be anchored by 1,000 multifamily units, half of which will be made permanently affordable for low-, moderate- and middle-income households and senior citizens. To be known as Essex Crossing, the project will also include a 15,000-square-foot open space; a new and expanded Essex Street Market; a dual-generation school operated by the Educational Alliance; a community center run by Grand Street Settlement, a rooftop urban farm; the Andy Warhol Museum; 250,000 square feet of office space; and a diverse mix of retail.

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