Target at Essex Crossing Announces Aug. 19 Opening, Local Job Fairs

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Target announced today a grand opening date for its new location at Essex Crossing. The 22,500 square foot “small format” store at 400 Grand St. (also known as 145 Clinton St.) will debut on Sunday, Aug. 19.

Also today, Target put the word out about several job fairs to be held this month in the community. The company expects to hire 85 employees for the Lower East Side outpost, which will be located on the second floor of a residential building called The Rollins. The employment events will be held June 11,12, 14 and 18 and, we’re told, are being coordinated in partnership with Delancey Street Associates (the Essex Crossing development group) and the Lower East Side Employment Network.

Anyone interested in applying, should visit Target’s employment page to make an appointment for an interview in advance. [Applicants should indicate that they’re specifically interested in jobs at 400 Grand St., Manhattan).

The store will be the fifth Target location in Manhattan and is part of a nationwide push into major urban markets. The Lower East Side Target will, according to a press release, offer a “curated assortment, including men’s and women’s apparel and accessories, baby essentials, toys, basics for the family, home décor, health and beauty products, electronics, tech accessories, and a food and beverage selection that includes fresh produce and grab-and-go items.”  There’s also going to be a CVS Pharmacy in the store.

Target has 27 stores open or in the planning stages in New York City. Just today a new store was announced in Brooklyn. A store will open in July on East 14th Street (Avenue A).

The Rollins, a 14-story tower, will also include a Trader Joe’s store, which is likely to open in the early fall. There are 211 rental apartments in the building, half low/middle income and half market rate. All of the affordable apartments were claimed through a city-sponsored housing lottery. Last week, Delancey Street Associates announced that more than 65% of the market rate units have been leased.

Essex Crossing is spread across nine sites, and includes 1,9 million square feet of residential and commercial development.

A One-Bedroom Rental at Essex Crossing Will Cost You About $4,000/Month

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A market rate one bedroom rental at Essex Crossing will set you back about $4,000 per month.

A short time ago, Delancey Street Associates (the development consortium) went live with 107 apartments at The Rollins, a 16-story building located at 145 Clinton St. An affordable housing lottery was already held for 104 low- and middle-income units at The Rollins, the complex named for Jazz great Sonny Rollins. Tenants of those apartments have been moving in over the past couple of weeks.

According to The Rollins’ website, a studio on the sixth floor runs $2,945. A one-bedroom/one-bath unit on the 14th floor is priced at $4,365. There’s a two-bedroom/one-bath unit for $5,400 and a three-bedroom/3-bath spread on a high floor for $7,940. These are the first market rate units at Essex Crossing to hit the market. The rentals are being handled by Douglas Elliman Development Marketing.

As previously reported, the affordable units at 145 Clinton St. range in price from $519 to more than $3400.

The building includes a concierge service, a resident lounge, a rooftop terrace lounge and an exercise room. There’s also a 15,000 square foot publicly accessible park located adjacent to the building (on Broome Street). It will open later this year, along with a Trader Joe’s and a Target store. Back in December, the developers named the building for Sonny Rollins, who lived at 400 Grand St. (a tenement demolished to build the complex), in the late 1950s and early 1960s.

Essex Crossing will eventually include more than 1,000 apartments, half of them designated as affordable. Another rental building will open later this year at 115 Delancey St. An affordable senior building is already fully leased at 175 Delancey St. Essex Crossing will feature a new Essex Street Market (opening in the fall), a large underground shopping pavilion called the Market Line, a medical center from NYU Langone, a 14-screen movie theater, among other amenities.

Delancey Street Associates includes three developers — Taconic Investment Partners, BFC Partners and L+M Development Partners — plus the Goldman Sachs Urban Investment Group., which has made available about a half billion dollars in financing to build the project.

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Living Room

Rooftop Terrace