The Tower at MOSCOT’s Old Orchard Street HQ is Now Above Ground
Six years after MOSCOT moved across the street, the multimillion-dollar cause of its ousting is slowly ascending.
We’re talking, of course, about the twelve-story tower currently under construction at the northeast corner of Orchard and Delancey Streets. Foundation and underpinning work recently wrapped, and the superstructure skeleton is now poking above the plywood. Sitting at a roughly two-story height.
As previously reported, owner-developer David Escava of Helm Equities purchased 118 Orchard (aka 86 Delancey) in 2012 for $4.8 million. Moscot later fled its home of eighty years (a story first told by Bowery Boogie) but was quickly replaced by the Wallplay creative agency, which curated a revolving door of art and music-related stunts.
It wasn’t until early 2017 that 86 Delancey Street met the proverbial wrecking ball. And then another year for actual construction to commence on the 120-foot luxury development. The mixed-use newcomer will boast 29,437 square-feet of total floor area split between residential and commercial. There are twenty-four rentals planned, per 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.
Fits right in with the new class of Hell Square…