The landmarked Jarmulosky Bank Building is getting converted to a hotel (potentially by Ace, though that's not confirmed), and work has finally begun on the site. Bowery Boogie notes that the facade is now shrouded in scaffolding. And, now that DOB permits have been approved, the vacant lot next door at 60 Canal Street/8 Allen Street will, in fact, be home to a six-story annex to the hotel, courtesy of the same architect, Ron Castellano. The 1912-built, 12-story Beaux Arts beauty has a ton of history, and the renovation will gussy up the limestone and terracotta facade created by architects Rouse & Goldstone.
Sadly, it's not getting its cupola back, but the extensive makeover (final product, right) will also add historically appropriate wood doors, balconies, and two stories to the roof. Plus, a stolen clock will be replaced.