The space formerly occupied by Posh on Tremont, a South End gift shop that closed their doors earlier this year, will not remain vacant for long. Cambridge Savings Bank has signed a long-term lease and will convert the space in the coming months.
I was sorry to see Posh on Tremont close their doors but I’m even more sorry to learn they will be replaced by a bank. I recognize that banks, mortgage and real estate companies deserve the same opportunity as other businesses but there are already three banks within one block. With another bank rumored to go into the soon to be built condos at 518 Tremont that would mean there will be five banks in one block. It is just my opinion, but another local business would have been far more preferable.