Jarmulowsky Bank Building developers looking for $79M in EB-5 money

2018/01/15 6:10pm

The Jarmulowsky Bank building at 54 Canal Street

DLJ Real Estate Partners plans to transform the Lower East Side property into a hotel

Wanted: $78.5 million in EB-5 funding for a luxury hotel coming to the Lower East Side.

DLJ Real Estate Capital Partners has teamed up with Advantage America New York Regional Center to line up the financing for its planned transformation of the Jarmulowsky Bank Building at 9 Orchard Street, according to EB-5 marketing materials found by the Lo-Down.

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