Think changes direction on future of Greenview Drive sites
Think Mutual Bank is changing its thinking about the future of its presence on Rochester's Greenview Drive.The Rochester bank had previously planned to sell its 21,000-square-foot branch at 1698 Greenview Drive S.W., and then build a replacement at 1509 Greenview Drive S.W., near the Ramada hotel. The now-empty lot was previously home to a BP Pump N Munch convenience store, which closed in 2009. Think bought the site for $785,895 that same year and demolished the shuttered C-store.
At that time, the bank executives believed the 1698 Greenview branch was too large and inefficient.
However, Think's leaders have changed their minds about that. It has been decided to now sell the empty lot by the hotel and keep the current Greenview branch. While there has been serious interest in buying the branch building, others have also shown interest in buying the open lot.
Jenny Hosfeld, senior vice president of community banking, explained the change in strategy.
"We looked at our current facilities and decided to take the opportunity to make improvements to our current branch to make it better for our customers and our staff," she said. "It's a great location with great visibility, so why move when we can make it better?"
About 12 Think employees work at that location.
Think is putting a team of employees together to work on the plan to upgrade the Greenview building. Hosfeld said any construction work will be a 2015 project. She added that it's possible that the bank may incorporate some of the design of its most recently built branch at Shoppes on Maine in Rochester in the future look of the Greenview site.
"We're really proud of that design," Hosfeld said.
She declined to comment on whether the bank is currently in negotiations with any potential buyers of the empty Greenview plot, though all of the marketing signs on the site have been removed.
EDITORIAL COMMENT - The real estate rumor mill says that a prominient Rochester developer has designs on the site, but that's unconfirmed at this point.
While Think isn't planning on any construction in Rochester in the near future, it did just break ground on a new branch project in Edina on Monday.
"for a community bank of our size, our branches are still big part of how we do business," Hosfeld said.