‘Nine Orchard’ Hotel Readies Springtime Opening After 10 Years of Construction
Nearly a decade on, the Jarmulowsky Bank Building is finally transformed.
The fourteen-story landmark structure will soon welcome guests, not as a financial institution, but as a boutique hotel called Nine Orchard.
Described as a hotel “Blending historic architecture with elevated design and contemporary art,” Nine Orchard will begin reservations for its 116 rooms on July 1. But the food and beverage component is promised for “late spring.”
Ignacio Mattos of Matter House, the owner-operators behind Estela and Altro Paradiso, will operate the multiple restaurants, event spaces and the hotel’s room-service offering. The restaurants will include a grill, a corner tavern-style bar and a cocktail lounge in the lobby.
As previously reported, DLJ Real Estate Partners acquired the landmarked property from Equity Management in 2012 for $36 million. It remained vacant and under transformation until now. (Ace Hotel was at one point rumored for the conversion.)
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 had been stolen long ago.
July 2010
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