Today, T.G. Nickel & Associates announced that it has been awarded a contract by Delancey Street Associates to build a $170 million mixed-use development as part of the new 1.9 million square feet Essex Crossing in the heart of the Lower East Side.
“Simply put, this is a milestone for Nickel,” said Douglas Renna, Partner. “We’re honored to contribute to one of the most significant urban renewal projects in New York City history.”
Referred to as Essex Crossing Site 2, Nickel will build a new Essex Street Market, a 14-screen movie theater, a rooftop farm and 195 rental apartments. The market occupies the ground floor and features a glass enclosed mezzanine. The theater’s entrance consists of two-tone metal panels to reflect sunlight.
The entire development spans six acres on the Lower East Side and is commonly known as the Seward Park Extension Urban Renewal Area (SPEURA). It has sat vacant since 1967, but once completed will include 1,000 apartments and almost 650,000 square feet of commercial space.