The luxury condominiums now under construction in the first phase of Essex Crossing are making their official sales debut today. The apartments at 242 Broome St. will range in price from $1,275,000 to over $7,000,000.
A sales office opened at 92 Orchard St. earlier this month. This morning, the developers of the large project in the former Seward Park Urban Renewal Area unveiled new details, renderings and a website for the condo units. There will be 55 units in the building at the intersection of Broome and Ludlow streets. Eleven of those apartments are designated as affordable housing for middle-income families. The affordable units will be available to households earning 110% of Area Median Income. A housing lottery will take place next spring (click here to sign up for updates).
The 14-story building, designed by SHoP Architects, will also include a bowling alley from Splitsville Luxury Lanes. According to a press release, “a soon-to-be-announced cultural facility (will be located) on the first three floors.” The interiors are being designed by DXA Studio and Douglas Elliman is handling sales.
Amenities in the building include a fitness center, an entertainment lounge and a rooftop terrace. Essex Crossing is a nearly 2-million square foot project on nine sites. When completed, there will be one-thousand apartments and 600,000 square feet of commercial space. Most of the apartments, half of which are designated affordable, will be rentals.
242 Broome St. is expected to be completed in early 2018.