Matter House Confirmed for Jarmulowsky Bank Hotel Food and Beverage
The southwest corner of Orchard and Canal Streets – site of the Jarmulowsky Bank Building – has largely been quiet in the last year. But now activity seems to be on the rebound.
The landmark structure will soon welcome guests, not as a financial institution, but as a boutique hotel. One that has been under construction for nearly a decade at this point, and calls itself Nine Orchard.
However, several tipsters alert us to purported job interviews underway for the hotel and its nightlife, as well as the resumption of final work.
As previously reported, DLJ Real Estate Partners acquired the landmarked property from Equity Management in 2012 for $36 million. The plan is for a 116-room hotel with nine onsite bars and restaurants, the latter of which became a lightning-rod issue for the community three years ago.
And now there are a few more breadcrumbs about the project…
Matter House, the owner-operators behind Estela and Altro Paradiso, are confirmed for Nine Orchard, as well. Their Food and Beverage is to include an “elegant, upscale restaurant, a neighborhood bar, lounge, rooftop bar, in-room dining and a number of private event spaces.”
DLJ, for its part, worked to restore the 1912-era building to its onetime glory. It installed an architecturally accurate replica cupola (which took five years to complete) on the rooftop – the original was removed in 1990 – and also replaced the entrance clock that was stolen long ago.