New Chase Bank under construction in Penn Daw

A former TD Bank located at 6615 Richmond Highway is being converted into a Chase Bank, a spokesperson from Chase has confirmed. The building, which has been vacant since 2021, is located next to Chili's in the Penn Daw section of Alexandria.

GCS SIGAL is overseeing the renovation project, and the new bank is expected to open in December. By year's end, Chase will have more than 70 branches open in Washington, D.C., Maryland and Virginia, according to the company spokesperson.

New Jersey-based TD Bank closed its Richmond Highway location last year as part of a broader reduction in its brick-and-mortar business. The bank's Penn Daw site will be remembered by Route 1 historians as the branch that the "Beacon Hill Bandit" robbed four times within five months in 2013 before his arrest late that year.