TD Bank is Almost Ready to Debut in Zarin Building on Grand Street

Posted on: May 14th, 2015 at 5:16 am by
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TD Bank is almost ready to unveil its new Lower East Side branch, the first official representation in the 10002 zip code. As previously reported, the corporate bank muscled into the ground level of 314-320 Grand Street, effectively forcing Zarin Fabrics to cede its longtime ground-level commercial space (new showroom is now on Orchard front).

While the massive two-story plywood shed continues to wilt uncontrollably, though, work accelerates within. Here’s a quick peek inside the new TD Bank. Illuminated signage and glass exterior are already in place.

It’s only a matter of time.

The arrival of TD Bank at 314 Grand marks a new low for the block. Two fuckin’ banks in one building (Bank of America is the other).

The seller – Amster Family Investments – attracted TD Bank back in June 2013, shortly before the 35,000 square-foot corner building was placed on the chopping block. However, 314-320 Grand didn’t actually sell until earlier this year. Malachite Group shelled out $25.6 million for the high-profile corner. That nut was approximately $4 million less than the most recent ask (the property was first listed for $32 million).

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