TD Bank Sheds its Plywood at Zarin Building on Grand Street
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As one independent business founders (i.e. The Cast) at the Zarin building on Grand Street, a corporate behemoth is on the verge of moving in.
Nine months on, the new storefront at 314-320 Grand Street has been delivered. No more one-story plywood shed; the tattered construction site additive was finally pried from the facade late last week. The marquee awaits the arrival of illuminated signage for the incoming TD Bank.
Here’s a peek inside the antiseptic bank. Standard issue, really.
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As we’ve previously opined, the arrival of a TD Bank branch at 314 Grand (the first in 10002) marks a new low for the block. Two corporate banks in one building (Bank of America is the other), and sharing the same frontage.
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 price tag was approximately $4 million less than the most recent ask (the property was first listed for $32 million).
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