Friday, April 12, 2024

The Harvard Square Adidas shop, which even hosted DJs and musicians during the 2006 Mayfair, is gone, its storefront to be replaced by a TD Bank branch in July. (Photo: Sushiesque)

Residents may not like them much, but the bank branches keep coming. Even before TD Bank opens in Central Square, there will be another opening in July at 1270 Massachusetts Ave. in Harvard Square, where Adidas closed some months ago.

A third branch opened at an Alewife shopping center in December, but the representative appearing Monday before the City Council didn’t know of any further openings planned for Cambridge. TD Bank has about 1,000 branches nationwide.

“It’s a key community for them to have additional presence,” said Jason Kahn, of the Haverhill-based Sign Center. His mission — for which he sat several hours through a particularly long meeting — was to get council permission for an LED sign that will poke out over the street.

Inspectional Services, Public Works, Community Development, the Historical Commission and neighbors have already approved. Elaine Construction, of Newton, is refitting the shoe store to be a bank branch, Kahn said, and following all city labor rules.

While the proliferation of bank branches is a top complaint when people assess Harvard and Central squares, landlords see them as stable tenants who can pay top dollar for long-term leases.

And not everyone is opposed.

“I see them as a sign of fiscal health,” councillor Ken Reeves said recently.

They also boost employment. In addition to bank staff that will be hired, the Cambridge-based Symmes Maini & McKee is architect for the Harvard and Central branches.