So Much Hoopla over a Cupola, as a New Hotel in Lower Manhattan Finally Gets Going
Hats off to the owners of a much-delayed hotel project who will be leaving their hat on their historic building located at the corner of Orchard and Canal Street.
Back in 2012 we reported about a new hotel planned in the former Jarmulowksy Bank, a City Landmark in Manhattan’s Lower East Side. Anyone that restores a protected historic building--and we thank you for that--knows that delays happen. In the case of 9 Orchard Street, this time it is for a really good reason--the building’s original cupola. This one is a 50-foot-high domed structure that graces the rooftop and the local skyline. It was removed in the early 1990s for restoration and omitted from the hotel project.
Now the cupola is back on, thanks to DLJ Real Estate Capital, the property’s owner. DLJ will be restoring and re-installing the building’s distinctive top hat as it was originally intended. This is good news all around even if it delays the hotel opening.
The project architect, Studio Castellano, remains on board to transform the 12-story building, once the short-lived home of the Jarmulowsky Bank. It was built in 1912 and is among many Beaux Arts structures that keep New York City’s heritage alive and looking good.
There was previous speculation that this might become an Ace Hotel, and it is has been reported that Ace may manage the hotel under a different name. The project is featured on DLJ’s website simply as Nine Orchard Street but the name on the flag outside remains a mystery. What we do know is that completion is now estimated for mid-2015.