Forever Stalled Delancey Street Condo Tower is Finally Rising

Posted on: March 4th, 2021 at 5:04 am by

Stop the press – there is actual real world progress to report on a long-stalled development at the east end of Delancey Street.

The 12-story “boutique condo” at the corner of Delancey and Pitt Streets has seen some serious progress in recent months, after spending most of its life cycle as a stalled steel skeleton. It’s now nearly halfway to the top.

You’ll recall that the Delancey Bridge Tower – its official birth name in 2012 – changed hands in December 2017 for $29 million. China-based developer New Empire Real Estate Development purchased the property from a group of investors led by Andy Zhu, which had paid $8.7 million six years earlier.

Photo: New Empire Real Estate Development

As previously reported, the design spun a U-turn from the original vision. ODA Architecture is now aboard the 12-story luxury condo project (120 feet), which introduces curved windows and protruding terraces. The final product will boast 58,600 square-feet of residential across 70 condo units that could fetch $2.6 million apiece. Amenities include roof deck, laundry room, lounge, outdoor recreation areas, pet-grooming station, on-site parking, bike room, and storage.

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