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Deals & Dealmakers

WX gets Essex Crossing update

WX New York Women Executives in Real Estate (WX) hosted a panel discussion titled “Essex Crossing: Crossing Delancey 45 Years Later” at The Harvard Club.

The panelists included Charles Bendit, Co-Chief Executive Officer at Taconic Investment Partners, Margaret Chinwe Anadu, Managing Director and Head of the Urban Investment Group at Goldman Sachs, Gigi Li, Deputy Chief of Staff for NYC Council Member Margaret Chin and WX Member Sara Tranter, Senior Vice President at New York City Economic Development Corporation (NYCEDC).

WX member Karen Scanna, Partner at Stroock & Stroock & Lavan LLP, moderated the panel.

Essex Crossing is in its second phase of construction with completion targeted for 2024. The development will deliver more than 1,000 residential units (over 50 percent of which will be permanently affordable), 375,000 s/f of office space, 450,000 s/f of retail and 100,000 square feet of community facility.

Tenants include Target, Trader Joe’s, the new home of International Center for Photography, the Market Line, a 14-screen movie theater and The Gutter bowling alley.

Community uses include the new and expanded Essex Street Market, Grand Street Settlement Intergenerational Community Center, and NYU Langone Health facility, as well as a neighborhood park and green spaces.

Essex Crossing is also expected to generate more than 1,400 new jobs across a variety of employment sectors for area residents.

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