0 0 ▁construction ▁jobs . ▁The ▁project , ▁over seen ▁by ▁SH o P ▁Arch itect s ▁and ▁developer ▁Del ance y ▁Street ▁Associ ates ▁( a ▁joint ▁vent ure ▁of ▁L + M ▁Development ▁Part ners , ▁B FC ▁Part ners , ▁and ▁Ta con ic ▁In vest ment ▁Part ners ), ▁will ▁build ▁a ▁ 6 0 / 4 0 ▁mix ▁of ▁resident ial ▁and ▁commercial ▁space ; ▁create ▁ 5 0 0 ▁units ▁of ▁perman ently ▁afford able ▁housing ▁for ▁low -, ▁moder ate -, ▁and ▁middle - in come ▁households , ▁and ▁senior ▁housing ; ▁and ▁allocate ▁ ▁of ▁public ly ▁accessible ▁open ▁space . ▁The ▁plan ▁was ▁presented ▁to ▁the ▁public ▁in ▁September ▁ 2 0 1 3 ▁by ▁then - May or ▁Michael ▁Blo om berg , ▁as ▁a ▁comprom ise ▁solution ▁after ▁dec ades ▁of ▁political ▁disag re ements ▁over ▁the ▁site . ▁ ▁Const ruction ▁on ▁the ▁project ▁began ▁in ▁ 2 0 1 5 ; ▁partial ▁completion ▁is ▁expected ▁by ▁mid - 2 0 2 1 , ▁and ▁final ▁completion ▁by ▁ 2 0 2 4 . ▁ ▁History ▁ ▁S ew ard ▁Park ▁Urban ▁Ren ew al ▁Area ▁ ▁Histor ically , ▁the ▁Lower ▁East ▁Side ▁was ▁an ▁imm igr ant ▁neighborhood , ▁including ▁Germ ans , ▁Irish , ▁It ali ans , ▁and ▁His pan ics ; ▁Es sex ▁Cross ing ▁was ▁en vision ed ▁during ▁the ▁neighborhood ' s ▁period ▁of ▁gent r ification , ▁but ▁this ▁part ▁of ▁the ▁Lower