Sender Jarmulowsky established the Jarmulowsky Bank in 1873. When World War I broke out two years after the building was completed, there was a run on the bank, as German investors withdrew funds to send to relatives abroad, and the bank failed.[2]
Until 1990, the building had a tempietto rising 50 feet to a dome ringed by eagles. It was modeled after the Choragic Monument of Lysicrates.[3] According to local legend, the tempietto was added to ensure that the building would be taller than the nearby headquarters of the Jewish Daily Forward.[4] The building was renovated in 1990 by Sing May Realty and the tempietto destroyed. DLJ Real Estate Capital Partners announced plans in 2013 to convert the structure to a hotel.[5] In 2014, the New York City Landmarks Preservation Commission approved a replica tempietto,[6] which was completed by the beginning of 2020.[7] A luxury hotel, Nine Orchard, opened at the building in June 2022.[8][9]
^Kevin Walsh, Forgotten New York: The Ultimate Urban Explorer's Guide to All Five Boroughs, 22006:150.
^Wolfe, Gerard R. (2014). The synagogues of New York's Lower East Side : a retrospective and contemporary view. New York: Fordham University Press. p. 188. ISBN9780823263851.