Replica Jarmulowsky Bank Cupola Officially Unveiled Above Orchard Street
The grandeur of the Jarmulowsky Bank is now fully restored. Its historic rooftop cupola – removed nearly thirty years ago – is again part of the Lower East Side skyline.
Workers this week removed the last of the protective netting from 9 Orchard Street (aka 54 Canal), which was in place during the entirety of the rebuilding process.
This rooftop addition – six years in the making, and built from the ground up – is an historically accurate replica based on the actual 1912 blueprint drawings by architects Rouse & Goldstone. You’ll recall that the original had been removed during onsite renovations back in 1990.
Equity Management sold the landmarked corner property to DLJ Real Estate Partners in 2012 for $36 million. The latter has been converting the space into a 116-room boutique hotel during the interim.
As previously reported, architects scored approval for a “special permit to modify height and setback requirements” for the landmarked Jarmulowsky Bank. This modification includes a new roof deck with staircase access to the iconic cupola recreation. That’s in addition to the mechanical apparatus already installed. According to the plans, DLJ is expanding the allowable occupancy on the roof while also installing a viewing platform accessible by both spiral stair and chair lift.
While these outer elements appeal to the preservation-minded, many locals oppose the forthcoming boutique hotel and its food-and-beverage component. The Orchard Street Block Association spearheaded the opposition to the roughly nine proposed venues, from bars and lounges, to restaurants, “event spaces,” and a 2,977 square-foot rooftop hang.