Thursday, March 10, 2022

Today is the day for the new, smaller TD Bank to debut on 3rd Avenue

Meanwhile, in bank branch news, the new, more compact TD Bank branch debuts today at 47-53 Third Ave. between 10th Street and 11th Street. 

As previously mentioned, workers have been dividing up the retail space here, with TD Bank downsizing and vacating the corner spot...
No word if this branch will bring back a coin-counting machine to this location. (TD did away with them in 2016!)

A study cited by Banking Dive on Friday reported that "[b]ranch transaction volume has declined an average of 7% over the past seven years, while mobile payments are forecasted to grow 25% per year through 2026." So banks are shedding some real estate. 

According to the retail listing, the corner storefront will be available starting in September after its de-TD'd .... and with an ask of $150 per square foot. What type of vape shop would you like to see open here? 

Updated:

And then there was one...
H/T Steven!
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4 comments:

  1. AnonymousMarch 10, 2022 at 6:00 AM

    I remember when banks would pay top dollar for a corner storefront!

    ReplyDelete
  2. AnonymousMarch 10, 2022 at 3:51 PM

    Bank branches are some of the most useless wastes of space. Who has time or wants to stand in line for transactions that can easily be done online? They're an eyesore and do not belong in our environment.

    ReplyDelete
  3. literallyyourdadMarch 10, 2022 at 5:43 PM

    wut

    ReplyDelete
  4. AnonymousMarch 10, 2022 at 5:56 PM

    @3:51pm: That's your opinion. Plenty of people prefer to bank in person, thanks. IMO, it's time well-spent, b/c I *know* the transaction got taken care of.

    ReplyDelete

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