Plans unveiled for $1.1B makeover of NYC's Lower East Side

Credit: NY1/Mayor Michael Bloomberg's office

A $1.1 billion project on New York City's Lower East Side called Essex Crossing is scheduled to break ground by spring 2015. The project -- which will include affordable and market-rate housing, a school, hotel, market area, community center and more -- could create 4,400 construction jobs. The complex will be designed by SHoP Architects and Beyer Blinder Belle.

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