From the Ground Up: CVS Pharmacy

Owner/developer: Missouri CVS Pharmacy LLC
General contractor: GLR Inc. (Dayton, Ohio)
Architect: Norr Architects Engineers Planners (Detroit)
Engineers: Carlson Consulting Engineers Inc. (Bartlett, Tenn.), civil and structural; Norr Architects Engineers Planners, mechanical, electrical and plumbing
Size: 11,750 square feet
Estimated cost: $990,000, per city permit
Lender: None
Estimated completion date: Aug. 23
Project description: CVS Pharmacy is building its sixth store in Springfield on the site of a former Hardee’s restaurant at Elm Street and National Avenue. According to Springfield Business Journal archives, CVS bought the nearly 1-acre site for an undisclosed amount in January from property owner Michel Shay of Nixa-based Hardee’s of Southwest Missouri Inc. The property has a 2014 taxable appraised value of $544,500, according to Greene County assessor records. CVS Health Corp. (NYSE: CVS) has spent around $10 million on retail pharmacies in Springfield and Nixa over the past two years. While CVS store developments typically cost around $2 million, the estimated cost on the Springfield building permit was about half that.

Send project info to bbrown@sbj.net.