The 600 block of W. 5th Street has strangely evolved to host a single use: drive through banks.
Yesterday’s Statesman article announcing Endeavor’s forthcoming development of IBC Bank Plaza left me chuckling, as I wondered about the market forces leading to this.
It’s quite odd. Unlike retail or entertainment districts, there are no obvious economies of agglomeration with several drive through banks near each other. They don’t even share driveways.
This particular block of 5th Street has nice wide great-streets-style sidewalks, which the respective developers paid for. And I grant you, the surface parking is neither attractive nor productive. I’m not complaining about the new IBC Bank. It’s just a curious situation.