Bank of America Ditches Zarin Building on Grand Street After More than a Decade

Posted on: October 28th, 2016 at 5:15 am by
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Now here’s a sight not often seen in the city. A bank branch closure.

The Zarin Fabrics building at 314-320 Grand Street just lost its Bank of America. Illuminated signage was pried from the facade earlier this week. The bank floor is now gutted – gone are the teller counters and ATM lobby.

Guess this one wasn’t needed after the newest branch opened a few blocks away at Bowery and Hester Street.

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This Bank of America opened at 314 Grand Street more than ten years ago, anchoring the northwest corner of Orchard Street. Redundancy later followed, though. A few months before the Malachite Group purchased the building for $25.6 million in February 2015, construction began on the current TD Bank. By the time it debuted later that summer, it was the first location in 10002. Zarin Fabrics also consolidated its footprint with a showroom in the shared Orchard Street storefront.

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