Jarmulowsky Bank Sheds its Scaffolding After 6 Years
Another major milestone for the historic Jarmulowsky Bank.
Three months after the new replica cupola returned to the rooftop, the shroud of scaffolding and netting is coming down. This construction apparatus has been affixed to the facade of the Jarmulowsky Bank since 2014. An eyesore now a sight for sore eyes.
And renovations for the boutique hotel have been ongoing for longer.
Equity Management sold the landmarked corner property to DLJ Real Estate Partners in 2012 for $36 million. The plan is for a 116-room hotel with nine onsite bars and restaurants. Prior liquor license application paperwork submitted to Community Board 3 hinted that the Jarmulowsky might be part of the Eventi Hotel.
No official word yet on opening, but to be expected from a project that has already taken the better part of a decade to get this far.
Many locals remain opposed to the hotel conversion, though. 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. What they termed “runaway nightlife” – enough overall occupancy to potentially overwhelm this small block of Orchard Street between Canal and Division.
Guess we’ll find out soon enough.