Streetlevel: Chase Gobbles Up Myrtle Corner
Plywood went up in front of the Gourmet Kitchen at 402 Myrtle Avenue. And the Community Counseling space at 406 Myrtle. What’s happening? They’re being replaced by a new Chase branch. A few years ago when Myrtle Avenue was still known as Murder Avenue, such a tenant would have been welcomed with open arms. Now,…
Plywood went up in front of the Gourmet Kitchen at 402 Myrtle Avenue. And the Community Counseling space at 406 Myrtle. What’s happening? They’re being replaced by a new Chase branch. A few years ago when Myrtle Avenue was still known as Murder Avenue, such a tenant would have been welcomed with open arms. Now, with a variety of cool mom-and-pop stores and restaurants populating the stretch, it’s hard to get excited about this. GMAP
It seems many people on this board are not aware of Brooklyn Cooperative. We have a new branch office located at 750 Myrtle Ave (corner of Nostrand). As the only community development credit union serving Brooklyn, we are committed to serving individuals and businesses in Bed-Stuy and Bushwick. Now more than ever, individuals and businesses are hearing “thanks, but no thanks” from their banks when it comes to getting financing. As a local, community-oriented financial institution, all of our lending is local, so you know that your deposit dollars are going to help start businesses and help put families into new homes. So while it is a bummer that the food coop isn’t going to be setting up shop on Myrtle, I hope that some folks can rejoice that our coop is here to stay.
http://www.brooklyn.coop
I patronize the Citibank on Myrtle as a business owner. It is always overcrowded. I think the neighborhood does need more banks, especially a big one like Chase. Now maybe I won’t have to wait 45 minutes for a teller at Citi.
It has been proposed that banks should go on second floors, cause people will still patronize them despite the location. But that’s the opinion of people working to save mom and pop retail; banks always, always, always want to be on a corner.
The last time I walked by this location, both it and the one around the corner on Vanderbilt had stop work orders posted. The corner building is being extended upward. The first steel beams had been instered through the roof before the stop work order was posted.
Banks on corners. I guess Myrtle will remain a “lively” street despite the number of banks on corners, I mean, count ’em – Citi, Carver, Emigrant, now this. But I think corners are better for restaurants, stores, fruit stands, or similar uses that bring life to the street. No more after this please.
Aren’t there plenty of other storefronts available for rent on Myrtle Avenue?
I TOTALLY understand the loss of the diner, but there can be other options in the other spaces left for rent…
11217, I hear you, but I think the loss of the country diner hurt more than getting the new chase helped. There is already a chase on washington and flushing, and several other banks on myrtle as noted.
ho hum, another bank. I guess it’s good to have variety to avoid ATM fees, but there certainly could have been more exciting options.
I know people always bemoan new bank branches out of habit, but if there is no Chase branch nearby, then isn’t this a good thing?
People say all the time how these neighborhoods are overly banked, and I just don’t agree (I will agree that much of Manhattan has way too many of the same banks within close proximity to one another).
One of each branch (or even 2) in a neighborhood is not a lot. I am still one of those people who seek out my own branch to save on atm fees, and there is only one Commerce in Park Slope on 5th Avenue. Quite a hike from up near the park in the North Slope, but if another Commerce opened on 7th, people would be outraged that another bank opened (probably everyone but those of us who bank at Commerce, that is).
Once it gets to 2 or 3 of the same branch in the same neighborhood, fine. Complain away…
But one of each?