Delancey Street Condo Tower Tops out After 10 Years in Development
One of the more notorious zombie developments on the Lower East Side is completely reanimated.
The superstructure at 206 Delancey Street is officially topped out at twelve stories, signaling a major milestone for a development under construction for nearly a decade.
The forever-stalled site was a bang-to-bust construction that dates back to 2012, when it was conceived as the Delancey Bridge Tower. Five years later, in December 2017, China-based developer New Empire Corporation purchased the site for $29 million from a group of investors led by Andy Zhu.
That’s when the blueprints changed completely.
ODA Architecture took the reins on the design three years ago, and introduced curved windows and protruding terraces. The final product will boast 58,600 square-feet of residential space across 70 condo units that could fetch more than $2 million apiece. Amenities include roof deck, laundry room, lounge, outdoor recreation areas, pet-grooming station, on-site parking, bike room, and storage.