clock menu more-arrow no yes

Filed under:

The Banking of New York

Continuing the suburbanization of New York's neighborhoods comes your friendly neighborhood bank, multiplying faster than even bad residential developments. Reports the NYT business section, in a chippy upbeat tone, "Landlords seem more than happy to accommodate them because banks are often willing to pay higher rents than retailers might pay for the same space." Crows Vernon W. Hill, the founder of Commerce Bank, "We're the dream tenant because we remodel the building." To which we add: there's a fine line between dreams and nightmares.
· Multiplying in Manhattan: Banks [NYTimes]