Construction Commences on 12-Story Luxury Rentals at Former Moscot HQ on Delancey Street
The northeast corner of Orchard and Delancey Streets is getting boxed in as we speak.
Indeed, after many months of neglect – the fence itself was constantly falling down – construction is set to commence on a shiny 12-story luxury phallus. Plywood supports were installed yesterday afternoon around the sidewalk perimeter of the 86 Delancey site. So, get ready for the heavy duty machinery.
As previously reported, owner-developer Helm Equities (aka David Escava) is to construct a 120-foot upscale development with 29,437 square-feet of total floor area split between residential and commercial. There are twenty-four rentals, according to public records – floors three through eight will carry three units each, with duplexes rounding out floors nine through twelve. Balconies are also part of the equation. The ground-level retail space is 5,769 square-feet, and zoned for “use group 6,” which includes a restaurant. There is also a rooftop “recreational area” listed in the proposal.
The building is slated for occupancy in 2018, which just doesn’t seem possible.
Yet another tower (relatively speaking) for Hell Square, with Orchard Street now bookended by two large projects. (Ben Shaoul’s condo at 196 Orchard would be the other.)