Wells Fargo Plants a Bank Branch the Bowery
If you woke up this morning thinking that what the Bowery really needs is another bank, then it’s your day. Wells Fargo just planted a flag a few steps south of Houston Street.
Spot chosen for this bank branch is 276 Bowery, the store vacated by the trendy FitHouse gym last summer (they’re now in NoHo). Build-out has been ongoing for a couple months on what is the first Lower East Side location for the San Francisco-based Wells Fargo.
And now seen behind the plywood shed is a pair of outdoor ATMs. Given the graffiti-heavy nature of this block, it’ll be interesting to see this play out.
This property is part of the Joseph Betesh portfolio acquired in a blockbuster $62 million deal six years ago. At least one of his other buildings on the thoroughfare also has a bank in the ground floor – Bank of America at 88 Bowery (Hester).