The newest Chase Bank branch in D.C. held a grand opening Tuesday, and an unlikely face was in town to help celebrate: JP Morgan Chase & Co. (NYSE: JPM) Chairman and CEO Jamie Dimon.
While the chief executive of the nearly $500 billion company doesn’t always cut ribbons at local branches, the community-focused branch at Skyland Town Center in D.C.’s Ward 7 has been a long time coming. It’s only the third Chase branch east of the Anacostia River, and D.C. Mayor Muriel Bowser, Ward 7 Council member Vince Gray and Ward 8 Council member Trayon White, all Democrats, were also on hand for the event.
The transformative Skyland development on the 18-acre site of the former Skyland Shopping Center has faced decades of twists and turns, first as D.C. seized the land through eminent domain, a process that would take years to finalize through the courts, and then as developers worked to line up an anchor tenant — only to have Walmart cancel its plans in 2016. But developers Rappaport and WC Smith…
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