MOSCOT Now Carries Helm Equities Leasing Signage

Posted on: January 7th, 2013 at 6:18 am by

moscot-leasing-1

It’s a sight not seen onsite in eons. Last Thursday, new owner Helm Equities unveiled a triple-threat of leasing banners at 118 Orchard Street, the longtime home of MOSCOT since 1937. It’s the first overt visual street confirmation of the move to 108 Orchard since we broke news of the departure back in October. Following suit, the classic eyewear company also installed its own announcements – pithy posters on both sides of Delancey.

moscot-leasing-3

Of lesser attention, though, is the fact that budget newcomer Concourse is being forced from its seven-month perch. It’s currently amidst a fire-sale of inventory ahead of imminent closure.

Don’t be fooled by the advent of Helm leasing signage, though. The two-story MOSCOT building is likely still slated for the wrecking ball sometime in the near future. As previously revealed here, zoning documents indicate that the two parcels at the corner of Orchard Street were recently combined into one zoning lot. The owner apparently granted the developer “permanent, irrevocable and perpetual easement for light and air over entire parcel.” Yet the legalese is ambiguous – “demolish or renovate the existing building and construct a new building all on the developer land.”

moscot-leasing-2

And the Wall Street Journal confirms this demolition kernel of the story, noting that:

Helm Equities bought the building in June for $4.8 million with plans to redevelop a mixed-used building—ideally a flagship national retailer—said Helm owner David Escava.

Recent Stories

Photo: Knowlita
KNOWLITA Illustrates Downtown Eateries with ‘Day In x Day Out’ Prints

KNOWLITA, the design company who brought us the Lower East Side in print form is rolling out a new depiction of the neighborhood. They’ve enlisted Massimo Mongiardo, a Brooklyn-based artist who has worked with the likes of Vans DQM and Momofuku, to draw our attention to food. Literally. The collection of illustrations, called Day In x […]

Looking east on Delancey with Moscot in the background
Watch This Footage of Crowded Delancey Street in the 1970s [VIDEO]

Last week, the venerable British Pathé news agency uploaded an entire collection of 85,000+ newsreels to its dedicated YouTube channel. Naturally, we honed in on some classic New York footage dated simply to 1970-1979. The clip shown below, “New York (1970-1979),” offers a great snapshot of the neighborhood, from Chinatown through the Lower East Side. Fast-forward […]

double-win-delancey
Delancey Corner Stands Firm as Restaurant Supply Depot

It’s been a three-year retail drought for 18 Delancey Street. After the Win Win Trading Inc. restaurant supply company relocated to 66 Allen (and the Chrystie Cats with it), the store remained an empty vessle. Its solitude has come to an end, though. It’s more of the same for 18 Delancey. Earlier this year, we began noticing […]

graffiti-wall-bowery
See the Neighborhood Change with Google Street View ‘Time Machine’ Functionality

This is sorta cool. Google Street View, which debuted back in 2007, will soon let users essentially travel back in time. Whereas the map software was previously a static panorama of city streets, certain locations are now animated for time lapse purposes. Whenever you see that little clock symbol in the top left portion of […]

Call him Jack, 'cos he's in a box
Peter Cooper Statue Boxed Up for Astor Place Reconstruction

You may have noticed that the statue of Peter Cooper sitting comfortably in his eponymous park is currently encased in an enormous plywood box; or that traffic barriers now cordon off a section of the roadway. These noticeable changes pretty much kick off the broader $16 million capital works project to redesign the entire composition […]