New York

54 Canal Street

Landmarked 12-Story Jarmulowsky Bank Building Now Getting Office-Retail Conversion, 54 Canal Street, Chinatown

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.




269 West 87th Street

New Rendering of 17-Story, 39-Unit Residential Project Planned at 269 West 87th Street, Upper West Side

Back in September of 2015, YIMBY revealed a rendering of the 17-story, 39-unit residential building planned at 269 West 87th Street, on the Upper West Side. A new, close-up rendering and additional details have now been revealed in a Curbed NY update. The 115,884-square-foot building, being dubbed The Chamberlain, will house apartments ranging from two- to five-bedrooms. The residential units should average a spacious 2,574 square feet apiece, and will include townhouse and penthouse configurations. Amenities will include a central garden, a lounge, a library, a fitness center, a children’s playroom, a multi-purpose sports court, storage for 39 bikes, and an underground parking garage. Quadrum Global and Simon Baron Development are the developers, and have a 99-year lease on the site. FXFOWLE Architects is behind the design. Demolition permits were filed back in 2015 for existing three- and seven-story parking garages, but the structures have not yet been razed.


1412 Broadway

15-Story, 80-Key Hotel Redevelopment Planned at 1420 Broadway, Midtown

In 2014, investors Issac Chetrit and Charles Aini acquired, for $268 million, the 24-story, 415,000-square-foot multi-use commercial building at 1412 Broadway and the three-story, 7,000-square-foot retail property at 1420 Broadway. The buildings are located at the corner of West 39th Street. Now, the property owners have disclosed plans to redevelop the three-story retail building into a roughly 15-story, 80-key hotel, The Real Deal reported. The 2,286-square-foot property can accommodate up to 34,290 square feet of commercial development. The existing property is triple-net leased through 2020, which means construction won’t begin until the lease expires and the tenants vacate the premises. The eventual hotel building will connect to the retail component of 1420 Broadway through the ground floor. Plans have not yet been filed with the Buildings Department.


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