The Newest Tower in the Lower East Side Skyline Gets its Skin
Simply put, Essex Crossing hogs headlines when it comes to progress of new developments along Delancey Street. And with good reason – there are six towers in varying degrees of completion.
Now, another tower officially adds skin to the nascent skyline canyon. It is the development that essentially forced Moscot to move across the street nearly a decade ago. Developed by Helm Equities, 86 Delancey Street is seven years in the making, and topped out at twelve stories earlier this summer.
As previously reported, owner-developer David Escava of Helm Equities purchased 86 Delancey in 2012 for $4.8 million. Moscot later fled its home of eighty years (a story first printed 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 sports twenty-four rental apartments – floors three through eight will carry three units each, with duplexes rounding out floors nine through twelve. Balconies are also part of the equation.