Creativity Meets Commerce: Arts Council Takes Over Bronx Bank

The Bronx Council on the Arts is getting a new home in what was once a bank.

The Council's executive director Deirdre Scott said JP Morgan Chase has donated a former branch building on East Tremont Avenue, valued at $850,000.

"This is a shining example of how the arts and culture and business can work together to create something that really, really matters for the community," she said.

The facility in the borough's Westchester Square neighborhood has almost twice as much space as the 50-year-old organization's current location on Hone Avenue. The new site will also include a performance space and a gallery and boutique where Bronx artists can show and sell their work.  

Renovations are expected to be completed in 2012.