Scope out the 12-Story Luxury Rentals that will Replace Moscot’s Former HQ
With the site of Moscot’s former location currently a sandlot – 86 Delancey (aka 118 Orchard) – the time is apparently ripe to show off the imminent multimillion-dollar makeover. Indeed, fresh visuals surfaced yesterday via SWA Architecture revealing the true nature of the twelve-story luxury rental building. This is a stark departure from the spartan preliminary drawings we first disclosed last year.
As previously reported, owner-developer Helm Equities (aka David Escava) is to construct a 120-foot luxury tower with 29,437 square-feet of total floor area split between residential and commercial. There are twenty-four rentals – 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.
86 Delancey Street should be completed by the end of 2018.
Destruction of the two-story building, built in 1934, was certainly a protracted process. Its fate was known way back in 2012, when Moscot moved headquarters across Delancey (a story first reported here). But the property literally received a new lease on life when Wallplay moved in. Rox Gallery and GE Galeria also spent time in what was once the adjacent Jimmy Jazz store.