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Mixed-Income Housing Will Rise on Former Market Site at Essex Crossing

Gov. Kathy Hochul, the Metropolitan Transportation Authority, the New York City Economic Development Corporation and Delancey Street Associates on Friday announced projects to make the Delancey St–Essex St Station complex accessible and compliant with the Americans with Disabilities Act and to develop mixed-income housing at the former site of the Essex Market on Manhattan’s Lower East Side.

Delancey Street Associates, the development team behind Essex Crossing, will construct a 99 unit mixed-income housing complex and provide an easement to the MTA to allow the construction of an elevator connecting the northeast corner of Delancey and Essex streets to the Delancey–Essex F M J Z station complex, which serves 68,000 subway riders per day. The accessibility improvements will be supported by proceeds from the Congestion Relief Zone.

MTA Construction and Development President Jamie Torres-Springer said, “This announcement demonstrates the power of public-private partnerships in delivering better, more accessible transit. This subway complex will soon be an accessible hub for the Lower East Side and everyone who benefits from this redevelopment.”

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MTA's Torres-Springer

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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