Back in December of 2012, the Landmarks Preservation Commission (LPC) approved alterations that would go into converting the 12-story, 60,000-square-foot Jarmulowsky Bank Building, an individual landmark at 54 Canal Street (a.k.a. 9 Orchard Street) in Chinatown, into a boutique hotel. Then in 2014, DLJ Real Estate Partners received approval from the LPC to reconstruct the building’s corner cupola, which was removed in 1990. Construction has since been underway on the existing building, as well as a six-story, 9,876-square-foot annex expansion at 60 Canal Street. Now, the owners are abandoning plans for a hotel and have decided to convert the interiors into office and retail space, Bowery Boogie reported. The first two floors will also host retail whiles the upper floors will be leased to office tenants. Lower East Side-based Studio Castellano Architects is the architect of record. It’s not known when the building is scheduled to open.
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