Developers Chosen For Long-Stalled Lower East Side Project

Law360, New York (September 18, 2013, 3:22 PM EDT) -- The city of New York on Wednesday tapped Taconic Investment Partners, L + M Development Partners and BFC Partners to develop nine vacant parcels of land in the Lower East Side known as the Seward Park Urban Renewal Area.

Renamed Essex Crossing, the long-vacant swath of land razed in 1967 with the promise of better low-income housing, will become a 1.65-million-square-foot mixed-use development, according to the city.

“The promise of revitalizing this land, made in 1967, is at long last being built," Mayor Michael Bloomberg said...
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