New York City area made up of housing co-ops in Manhattan’s Lower East Side. The cooperatives are located more specifically on Grand Street south of the Williamsburg Bridge with FDR Drive to its east.
This NYC area is made up of four total cooperatives comprised of 12 buildings that house 4,500 apartments. Trade unions such as the International Ladies’ Garment Workers’ Union and the Amalgamated Clothing Workers of America subsidized, planned and constructed the co-ops alongside a development organization created by the unions—the United Housing Foundation.
Manhattan’s Lower East Side has been undergoing a regeneration in recent years that has head to higher demands for housing. In turn, restoration projects and construction have been plenty. With this, the LES has become a highly desirable neighborhood for families and young professionals seeking out significance and quality living. Trendy dining establishments and new businesses are superfluous in Manhattan’s Cooperative Village. Additionally, the area is located near popular shops, parks and transportation lines.
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