Delancey Street Associates, a joint venture of Taconic Partners, L+M Development Partners, BFC Partners, the Prusik Group, and the Urban Investment Group within Goldman Sachs Asset Management, has partnered with Blueground, the world’s largest operator of furnished, flexible apartments for stays of 30 days or longer. Blueground’s flexible units will be available at Essex Crossing, beginning with The Artisan at 180 Broome Street.
“Blueground’s flexible living solution is highly sought-after worldwide and a great value-add for Essex Crossing’s portfolio of rental buildings and the mixed-use development as a whole,” said Andrew Schwartz, senior vice president, residential asset management, at Taconic Partners. “The development draws its vibrancy from the Lower East Side, as well as its diversity of uses and its varied tenant mix. By adding yet another way for residents and guests to use space within the development, we are reinventing and enhancing Essex Crossing’s live-work-play environment.”
Blueground flexible rentals join a robust mix of commercial, retail, cultural and entertainment components that make up Essex Crossing, the 1.9 million square feet master-planned transformational development on the Lower East Side. These include an NYU Langone Health multispecialty outpatient facility, an urban rooftop farm, Essex Market, Trader Joe’s, Target, The International Center of Photography, Regal Cinemas, and The Gutter bowling alley.
ESSEX CROSSING RESIDENTIAL COMPONENT
Designed by Handel Architects with interiors by Fabienne Benmoha, The Artisan at Essex Crossing, where the first Blueground units will be located, is a 26-story residential property. Unit amenities include stainless steel appliances, featuring Bertazzoni cooktops and ovens, Blomberg dishwashers, and in-unit Bosch washers and dryers. Both Blueground and long-term renter residents have direct access to Broome Street Gardens, a 9,000-square-foot landscaped atrium, as well as the building’s world class amenities, such as landscaped terraces, a sky deck, a fitness center, a lounge and game room, conference room, and children’s playroom. Custom artwork by Logan Hicks and Aaron De La Cruz is displayed throughout the building.
The Essex at 125 Delancey Street is a 26-story residential rental, and the tallest component of the Essex Crossing development. Designed by Handel Architects, the building includes 98 rental units as well as the 14-screen Regal Cinemas. Residential amenities include a rooftop terrace, a residents’ lounge and game room, meeting rooms, a library, a children’s playroom, and a fitness center. A sixth-floor garden terrace with hammocks, grills, and dining areas, as well as an urban farm by Project EATS, a not-for-profit, founded in 2009 by artist and activist Linda Goode Bryant to address food scarcity through art as a catalyst for social change.
The Rollins at 145 Clinton Street, is a 16-story, 211-unit tower, where half of units are set aside as affordable to low, moderate, and middle-income individuals and households. The building’s site includes a 15,000-square-foot park, a mural spanning its western façade, as well as the aforementioned Trader Joe’s and Target.
One Essex Crossing, Essex Crossing’s the 14-story condominium tower at 202 Broome Street designed by CetraRuddy, is 95% sold.
GLOBAL NETWORK OF MOVE-IN-READY HOMES
Earlier in 2024, New York City-based Blueground secured $45 million through Series D funding, which the company will put towards technological acceleration and new strategic initiatives. The company leases apartments in popular neighborhoods and then equips and furnishes them for renters, for stays of a month or longer. Blueground is the ideal solution for individuals, corporate travelers, students, and those looking for long-term flexible leases. As of May 2024, the company’s global network of move-in-ready homes spans 15,000 fully-equipped apartments in 17 countries and 32 cities. In addition to taking out its own leases, Blueground recently began to franchise with local operators in Japan, Thailand, and Egypt, and has its own Partner Network, making other vetted, 30+ day suppliers available to renters through its website.
“Essex Crossing is one of New York City’s most exciting places to live and Blueground guests at The Artisan will be in the center of it,” said Dimitris Chatzieleftheriou, General Manager, Blueground New York. “The property’s elevated finishes, amenity offering, unimpeded skyline views, and first-rate location make it a fantastic addition to our portfolio. This collaboration underscores our dedication to delivering unmatched comfort, convenience, and quality across our properties, as we continue to expand our offerings and cater to the evolving needs of our guests.”
For more information about Essex Crossing, visit www.EssexCrossingNYC.com. For more information about Blueground, visit www.theblueground.com.
