Thursday, January 27, 2022

TD Bank is shrinking on 3rd Avenue

You may have noticed the construction at 47-53 Third Ave. between 10th Street and 11th Street ... workers are dividing up the retail space, and sources tell us that the TD Bank is downsizing and will vacant the corner spot.

According to the listing,  the corner storefront will be available starting in September with an ask of $150 per square foot. (Bring back Bendiner & Schlesinger blood labs!

TD's mini move continues the trend in which banks downsize their branch networks. Per CNBC on Friday: "U.S. banks shuttered 2,927 branches last year, according to S&P Global Market Intelligence data." 

Thanks to Steven for the photo...

14 comments:

  1. Sad the way things are going.

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  2. So much retail space is emptying out. Really scary for this city.

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  3. Good - get these banks out of the EV

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  4. Retail space is uncertain for sure but it's an opportunity to re-imagine things. What lovely things could we have instead of intl bank branches, chain coffee shops, etc etc. Maybe something the neighborhood actually wants instead of what is imposed upon us.

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    Replies
    1. Imposed on us? You can open a business you think the neighborhood needs.

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    2. “Cash is king. If it wrecks the neighborhood, tough!”

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  5. Re: Jill W "Maybe something the neighborhood actually wants instead of what is imposed upon us."
    Everybody uses Amazon and then complains about lack of retail stores the "neighborhood actually wants".

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  6. Once again, I hope you people celebrating the death of businesses/more vacancies and lamenting what the neighborhood wants are actually trying your hand at adding to the neighborhood. A bank is better than a vacant graffiti covered building full stop

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  7. I haven't seen the homeless woman who is typically in front of that TD bank in awhile. Hopefully she's found shelter from the cold.

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  8. Wish they would bring back the coin counter machines for account holders.

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  9. Not sure why anyone would be down on a bank,
    there aren't many of them left in the area.
    And sometimes you actually need to go in
    and get some kind of service.


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  10. TD Bank has a sign there that the remodeling is to improve customer service! They also reduce their hours to improve customer service, according to their other signs.

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  11. @Anon 4:34 - lol, classic! I guess removing the coin machine was also to improve customer service. I really miss that thing.

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