When one Bank of America branch closes on Columbia Pike, another one opens.
The Bank of America branch at 3401 Columbia Pike is set to close in late November, per the bank’s website. The building it is housed in at the intersection of S. Glebe Road is likely on its way to being demolished to make way for a six-story, 250-unit residential development with ground-floor retail.
The office building at 3401 Columbia Pike was last sold in December 2020 to Marcus Partners for nearly $15 million, county property records show. That’s a $10 million over what it sold for in 2015.
The bank branch occupies most of the building, with a doctor’s office and an immigration law office also at that location. It’s not immediately clear when those businesses might be moving or closing.
Those looking to make deposits won’t have to go far, though.
A new Bank of America branch is set to open soon after the other one closes just a block away at 3532 Columbia Pike. It’s moving into the former home of a Capital One Bank. That branch was in the news over the years due to it being robbed twice, including one incident that was investigated by the FBI. It closed more than three years ago.
The new Bank of America branch is planning to open by the end of the year, but that timeline is “dependent on construction completion” a company spokesperson told ARLnow.
“The new center has been designed to highlight our high-tech high-touch approach, which helps us best serve all of our clients’ financial needs,” the spokesperson said.
Customers with safe deposit boxes in the existing branch are being urged to retrieve them by October 7, according to a letter from Bank of America shared with ARLnow by a reader.
Arlington has eight Bank of America financial centers and ATM locations, according to the bank’s website. This includes the locations inside of the Pentagon and a State Department facility on Arlington Blvd, which both may require “authorization to enter.”