Chase Bank branch to open in downtown Harvard Square in 2022 | New
JPMorgan Chase will be the next major bank to collect on Harvard Square, with a 5,000 square foot branch slated to open in 2022.
The company will be located at 9 JFK St. – across from CVS – and is part of a 60-branch expansion in New England that Chase announced in 2018, by JPMorgan Chase spokesperson Briana Curran. Currently, Chase’s only presence in the Square is an ATM in the Harvard Square MBTA station.
Chase’s location in Harvard Square will join a host of other banks with branches in the neighborhood, including Bank of America, TD Bank, Citizens Bank and Capital One, which opened a bank café in 2016 where customers can enjoy a Peet’s cafe and discuss their finances. with associates.
Harvard Square Business Association executive director Denise A. Jillson said in an interview that the arrival of more banks was “inevitable,” even before Chase’s announcement.
The HSBA and the Harvard Square Neighborhood Association teamed up on a zoning petition passed by Cambridge City Council in March 2020 that stipulated that banks could occupy no more than 25 feet of frontage in the area.
“We had to work together to really keep in mind the spirit of the Harvard Square Conservation District, which was to have first floor retail hired,” Jillson said.
“Chase will be welcome here at Harvard Square, as all businesses are welcome,” added Jillson. “We anticipated it, which is why we worked so closely with the Neighborhood Association to make sure the zoning petition passes. “
In recent years, there has been a succession of stores at 9 JFK St., with a few recent tenants including shoe stores, a lingerie store, and pop-up galleries. Now the location – in the Abbot building – is nearing the end of a large-scale renovation by real estate company Regency Centers Corporation. The Chase branch will have entries on JFK and Brattle Streets, by Curran.
Other new Chase branches in the Boston area, including in Wellesley, Waltham and Framingham, are expected to open next year as part of the bank’s expansion plan.
“Harvard Square is a special place and we are very happy to be a part of the community,” Curran wrote in an emailed statement.