3 Years Later, 6-Story Jarmulowsky Bank Annex Unveiled on Canal Street
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After three years of planning, demolition, and reconstruction, the six-story Jarmulowsky Bank annex at 60 Canal Street is ready to boast. The standard mess of scaffolding and netting was recently dismantled to reveal the new product.
Lots of brick.
This 83-foot sidecar structure was to become part and parcel of the now-defunct Ace-managed hotel next door. It’ll feature single-tenant office space on each floor, according to paperwork on file with the DOB..
However, those long-running plans to convert the Jarmulowsky Bank Building into a trendy hotel are apparently dead in the water. As previously reported, the building owner DLJ Real Estate Partners reportedly sent around an email blast to industry folk this past June confirming that the certified Lower East Side landmark will instead house “creative office space” plus retail on the first two levels.
DLJ, for its part, though, is “sparing no expense” in the ongoing restoration of the adjacent 9 Orchard Street (take note of the official address), and still plans to recreate the original cupola that crowned the building. (The Jarmulowsky has been behind scaffolding and netting for three years.) “Top tier tenants” are sought to occupy the 60,000 square-feet of space.