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: Eater
‘Mission Cantina’ Goes Under After 3 Years on Orchard Street

Mission Cantina – chef David Bowien’s kitchen chameleon at 172 Orchard Street – is reportedly donezo. The three-year-old restaurant has been closed of late, its Caviar page deleted, and phone line disconnected. Patrons have also shared their farewells on social media over the last week. Bowien’s luck on Orchard Street hasn’t been the best. You’ll […]

van-gogh-mural-7th-stb9022
Clayton’s Corner: Around and Around the LES [PHOTOS]

I walk and a nod around the community, taking in the odd smile and moments of lamenting. First, there’s Michael Lydon, a musician player for a number of years on the street with the 9th Street Stampers; he lives on 9th Street… …And here’s the legendary Sock Man, who’s returned with a new location 99 […]

Photo: Commend
‘Commend’ Record Shop Introduces Collaboration Effort on Forsyth Street

Just a little over a year after Salvor Projects’ shuttering, a record store-meets-community space has filled the void at 172 Forsyth Street. Commend is the physical manifestation of record label RVNG, and has recently started a series of artist collaborative efforts. The latest being “COMMEND See.” COMMEND See is an endeavor that identifies artists working in different […]

Photo: Cooper Square Committee
Toledano Tenants Hold Banks Accountable for ‘Predatory Lending’ to Slumlords

Predatory Equity: the harmful practice of investing equity to buy rental apartment buildings at inflated prices. Predatory equity investors calculate that they can replace poor and working people with new tenants willing to pay much higher rents—thus bringing higher profits in a hurry. Utilizing predatory equity is one of the main tools in the slumlord […]

232eastbroadway-painted
Sorry, Flight of the Conchords, Your New Zealand Consulate will be Demolished

Hate to be the bearer of bad news, Bret (present) and Jemaine (present), but there won’t be any more band meetings with Murray at 232 East Broadway. Yup, your (fictitious) New Zealand Consulate (in HBO’s beloved cult series “Flight of The Conchords“) will soon be razed. You’ll need to find a new location for those Flight of […]