JPMorgan Chase Bank will open a branch in Coconut Grove’s trendy CocoWalk retail, dining and entertaining complex.
The banking giant signed a 10-year lease for 3,117 square feet in CocoWalk, at 3015 Grand Avenue, according to the property owner.
It should open in January. It will occupy GAP’s former first floor space.
According to the Federal Deposit Insurance Corp., only six banks were in the zip code 33133 as of June 30, 2013. This would be Chase Bank’s first location there.
Chase Bank ranked fourth in South Florida deposits with $12.4 billion for a 7.1 percent market share. It had 175 branches here in 2013.