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

Essex Street Market Warehouse Gets Demolition Death Shroud Ahead of Phase II Development

More than seventy-seven years after its construction at the behest of Mayor Fiorello La Guardia, another Essex Street Market building is on death’s door. The shroud of netting and scaffolding was affixed to the facade of 140 Essex Street (aka Site 8) last week. Another piece of Lower East Side history razed; yet the end is […]

Martin Scorsese Spent His 75th Birthday Filming ‘The Irishman’ in the Cold Night

On the occasion of his 75th birthday, Martin Scorsese spent Friday evening on the not-so-mean streets of the Lower East Side. Filming the much-hyped film for Netflix, The Irishman. (The crew all sported big buttons reading “I’m a friend of Marty Scorsese” to celebrate his age milestone.) For twelve hours, the corner Orchard and Broome […]

‘Rebelle’ Taps Out After 2 Short Years on the Bowery

Michelin-rated Rebelle – on the Bowery for more than two years – called it quits after business Saturday night. The closure comes roughly eleven months after sister restaurant Pearl & Ash likewise disappeared. Announcement of its doom circulated Friday afternoon via Eater upon learning that staff was informed to not accept reservations after November 18. Surprised? […]

Two Bit’s Arcade on Essex Street Shuttered by Health Department Last Week

Is it game over for Two Bit’s Retro Arcade? The Essex Street arcade has been noticeably silent all weekend in the aftermath of a city inspection. Department of Health inspectors paid a visit last Thursday and shut the place down, apparently for “operating without a permit.” (It’s the second such closure in Hell Square in […]

September Wines Might Not be on Stanton Street Much Longer

The Lower East Side appears poised to lose one of its cherished businesses in the coming months. Hell Square is eating its own. September Wines & Spirits – the local mom-and-pop situated at Ludlow and Stanton Streets – might soon depart the neighborhood after more than a dozen years on the block. There are already […]