Essex Crossing is a planned mixed-use development in New York City's Lower East Side, part of the existing area known as the Seward Park Urban Renewal Area (SPURA). The development, at the intersection of Delancey Street and Essex Street just north of Seward Park, will comprise nearly 2,000,000 square feet (200,000 m2) of space on 6 acres (2 1⁄2 ha), with the start of construction scheduled for mid-2015, partial completion by mid-2021, and final completion by 2024. The development will cost an estimated US$1.1 billion. It will sit on a total of nine city blocks, most of them occupied by parking lots that replaced tenements razed in 1967.