According to city records, looks like the Ethan Allen building has been purchased by an Asian company with a headquarters on Canal Street. Document were filed on behalf of Green Forest Managment with an agreement with The Bank of East Asia. I don't know if the Bank of East Asia is just financing the deal or want to open a large branch there.
Currently TBOEA has branches on Canal Street, Brooklyn, Flushing and California, Hong Kong, China, the UK, and Southeast Asia.
While some might lament the possible arrival of another bank, I'm not. No, it's not Whole Foods, but it's not Skillz Nightclub either.
Here's the document ID if anyone knows how to read it and can better explain what it means: http://a836-acris.nyc.gov/Scripts/DocSearch.dll/ViewImage?Doc_ID=2008092200396003