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: Washington Square Park Blog
Report: 300 Pigeons Abducted from Washington Square Park for ‘Live Shoots’

If you’ve noticed a lack of pigeons in and around Washington Square Park, you’re eyes haven’t deceived you. This past Tuesday, a mass pigeon abduction reportedly took place, and in broad daylight (approximately 3pm). This kind of thing has happened on and off over the last ten years; the end game is usually that they’re sold in Pennsylvania […]

tiny-empire-lafayette
Tiny Empire Opening NYC Juice Bar on Lafayette Street August 10

Organic juice bars are spreading around the city unchecked like a plague, seizing that title from the frozen yogurt industry. The eastern border of SoHo will soon add another. Brooklyn-based juicery Tiny Empire is getting larger, expanding to 234 Lafayette Street (corner of Spring). It’s already carved out a chunk of the storefront previously occupied […]

moscow57-delancey
Barramundi Owner Joins Moscow 57 Team to Create Kapowski’s

Now that Barramundi (and 2nd Floor on Clinton) is swimming with the fishes, so to speak, proprietor Tony Powe is on the move. Literally three blocks south to the corner of Delancey Street, joining focres with two-year-old cabaret Moscow 57. Florence Fabricant filed a dispatch in the New York Times this week breaking the news. […]

orchard-tree-guard-1
New Tree Guards Installed Along the Length of Orchard Street

More beautification for Orchard Street this week. Flatbed trucks were spotted delivering iron tree guards to the sidewalks of Orchard Street this week. Installation began on the northern terminus and is slowly headed southward. The ornate guards now act as deterrent to tree-bound bike locks and dog droppings. The landscape revitalization goes hand-in-hand with overall […]

Gotham Court, Essex St. facade
8-Hour Rager Underscores Frat Scourge of Gotham Court in Hell Square

The inmates have taken control and the babysitter Nurse Ratched is nowhere to be found. The drunken frat compound that is Gotham Court certainly lived up to its reputation over the weekend. We’re hearing from folks in the vicinity that an apartment at 151 Essex Street held “one of the biggest deck parties of the […]