Bank of America Officially Announces Itself at Former ‘Diamond Corner’ on the Bowery

Posted on: April 4th, 2016 at 5:18 am by
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The banner affixed to the plywood shed is confirmation enough – Bank of America is indeed opening a branch at 88 Bowery. They “look forward to seeing you” (and taking your money).

We saw this coming for more than a year. Ever since Dr. Jay’s owner Joseph Betesh acquired the property in 2013 – it was part of the $62 million portfolio sale of eleven Bowery buildings – time was on the line for jewelers operating in the so-called Diamond Corner. Most of those businesses later relocated down the block to the Jewelry Exchange, leaving prime corner space for the plucking. All along the rumors spelled bank. And that’s precisely what happened. The separate stores were combined into one gargantuan footprint.

So, now Chinatown Bowery has yet another financial institution to its name. Most of the big ones are represented. The Bank of America is a block from TD Bank, Capital One, Chase Bank, East West Bank, and others.

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Diamond Corner, October 2013

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