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!

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...

Former dorm being pitched as Luxury Renting 101

The conversion of the former SVA dorm — including a few new floors — on Third Avenue and East 10th Street continues.

Meanwhile, the rental process is now underway. The broker bunting is up on the plywood announcing this as Luxury Renting 101 (as in 101 E. 10th St.).



The 101 site is live. Here's the pitch:

Luxury Renting 101
STUDIO, ONE & TWO BEDROOM RESIDENCES
New York chic has reached a new level at 101 East 10th Street offering a collection of studios, one and two bedroom residences. Located on a prime corner in the East Village, steps from Union Square and Greenwich Village, it is sure to up the ante for coveted living spaces. 101 East 10th Street offers bespoke finishes, stainless appliances, marble bathrooms, ample closet space, and incredible natural light resulting in a rare genre of urban living.

There are 54 units. Three are on the rental market now, ranging in price from $3,543 (two bedrooms) to $4,420 (three bedrooms).

Interesting note at the bottom of the listings:

**PRICE LISTED IS FOR SHORT TERM ONLY (6 months) - **NO 12 MONTH LEASES**

Hmmmm.

SVA discontinued dorm use here after the spring 2014 term. From the look of things, the building is being replaced by more upscale dorm rooms — with 6-month leases to boot.

Previously on EV Grieve:
East Village now down a dorm

High-end rentals and additional floors coming to the former SVA dorm on 3rd Avenue

1st sign of 2 new floors to come on 3rd Avenue and 10th Street

1st sign of 2 new floors to come on 3rd Avenue and 10th Street

The conversion from SVA dorm to upscale rentals continues at the northeast corner of Third Avenue and 10th Street.

The beams have arrived for the two new floors in the works.



Cutting and pasting from The Real Deal last November ... "Slate – a Midtown-based development firm – and RWN Real Estate Partners want to reposition the building as a high-end rental property. The group was apparently able to obtain the 8,000 square feet in unused air rights to add the new floors above the existing structure."

The building will house 41 units with an "outdoor tenant recreation area" on the second floor, per DOB documents.

SVA students moved out after the spring 2014 term .. with the students now using a newish residence on East 24th Street at First Avenue.

Previously on EV Grieve:
East Village now down a dorm

High-end rentals and additional floors coming to the former SVA dorm on 3rd Avenue

Conversion of former dorm to rentals with 2 new floors underway on 3rd Avenue

Workers arrived yesterday to begin erecting the scaffolding and sidewalk bridge around the former SVA dorm on the northeast corner of Third Avenue and 10th Street.

There are now partially approved plans on file with city to convert the building to rentals (luxury) and add two floors.

As The Real Deal reported last November, Slate – a Midtown-based development firm – and RWN Real Estate Partners want to reposition the building as a high-end rental property. The group was apparently able to obtain the 8,000 square feet in unused air rights to add the new floors above the existing structure.

From the looks of the various permits on file, the building will house 41 units with an "outdoor tenant recreation area" on the second floor.

SVA students moved out after the spring 2014 term .. with the students now using a newish residence on East 24th Street at First Avenue.

Previously on EV Grieve:
East Village now down a dorm

High-end rentals and additional floors coming to the former SVA dorm on 3rd Avenue

High-end rentals and additional floors coming to the former SVA dorm on 3rd Avenue

[EVG file photo]

The former SVA dorm on East 10th Street at Third Avenue will be converted into – who woulda thought? — luxury rentals.

The Real Deal has more on the developments here:

Slate – a Midtown-based development firm headed by Martin Nussbaum and David Schwartz – and RWN Real Estate Partners want to reposition the building as a high-end rental property. They plan to take advantage of more than 8,000 square feet in unused air rights to add additional floors above the existing structure.

Aufgang Architects was hired to handle design, a representative for Slate told TRD. The new owners intend to determine the number of additional floors – and units – after the design is finalized, the rep said.

Third Avenue between East 10th Street and East 12th Street is shaping up to be a high-end rental row alongside the NYU dorms. The Nathaniel on the southwest corner of 12th Street has rentals going as high as $11,500. And at Eleventh and Third, rentals reach $10,000.

Previously on EV Grieve:
East Village now down a dorm

East Village now down a dorm

Renovations continue at 101 E. 10th St., the former SVA dorm at the corner of Third Avenue.

The 5-story building that houses a TD bank hit the market back in the spring. However, it appears that real-estate investment firm Atkins & Breskin still retains the property.

Regardless, the job site has a partial approval from the DOB, which notes a "gut rehabilitation of existing apartment building and change in the number of dwelling units. Obtain amended [Certificate of Occupancy]." So we're looking at a conversion to residential.

The Real Deal originally reported in March that "an additional 7,802 square feet of as-of-right air rights" existed for the building. There's nothing yet on file with the DOB to note any extra floors.

SVA students reportedly left the dorm after the spring term. A school official told The Villager that the school would use a new residence on East 24th Street at First Avenue.

Report: Building housing TD Bank and SVA dorms on 3rd Ave. and E. 10th St. hits the market

The 5-story building that houses a TD bank on Third Avenue and East 10th Street is for sale for $28 million, The Real Deal reports this morning.

The building "has 28 one-and-two bedroom apartments and will be delivered vacant." (Actually, isn't this a dorm for SVA students?)

Also, there are "an additional 7,802 square feet of as-of-right air rights," per The Real Deal. Perhaps NYU will take another crack at this property? The school originally wanted the site, according to The Villager.

Prior to construction of this new building, the address housed Bendiner & Schlesinger blood labs. The place was demolished in 2005... there was a plaque on the East 10th Street side commemorating Peter Stuyvesant, whose family once owned the buildings.