Capital One Bank plans to set up shop in the ground-floor retail space at 341 Eastern Parkway, the big new apartment building under construction on the corner of Franklin Avenue in Crown Heights. Crain’s reports that the bank signed a 10-year lease for $100 a square foot, a surprisingly high price for retail on the Franklin Avenue corridor.

Capital One will occupy 3,000 square feet of the development’s 7,533 square feet of retail space, and a second unnamed business is in negotiations for the rest of it. Designed by the Meshberg Group, the eight-story development will have 65 apartments when construction wraps this summer. The building will be rentals and should be finished by May or June, according to Adam Meshberg.

New Renderings for 341 Eastern Parkway [Brownstoner] GMAP


What's Your Take? Leave a Comment

  1. Oh FANTASTIC!
    It would have been nice to have something useful on that corner. Instead we get yet ANOTHER pointless Capital One. With most banking business happening through ATMs and online, what do they need all this retail space for?!

    • Bank branches are essential! I get quarters for laundry at the Capital One on Washington… once every couple of months.

      If they don’t close the Washington Ave branch, I’ll have to start questioning their sanity.

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