Downtown CVS Plan Scrapped, Multi-Use Development Planned
By Erik A. Carlson, 2.23.11, Bizlex.com
Lexington, KY – The CVS drugstore planned for the confluence of Main and Vine downtown has been scrapped as a result of site difficulties due to an underground electric utility issue.
Property owner and downtown developer Phil Holoubek said Gary Joy, the developer of the CVS project, couldn’t make the site work within their plans because of the utility junction buried on the site. Holoubek said KU was fine with the box being moved, but it would have been at the expense of the developer, and the price tag, he said, was approaching the million dollar mark…Read more at BizLex.com
Downtown CVS project dead; mixed-used building planned
By Beverly Fortune, 2.23.11, Kentucky.com
A controversial CVS drugstore project in downtown Lexington is officially dead, the project’s developer confirmed on Tuesday. Instead, a three-story, mixed-use development is now planned for the high-profile block at Main and Vine streets.
“CVS made every effort possible to modify its store to work within the constraints of the site,” Louisville developer Gary Joy, of Joy & Associates, wrote in an e-mail…Read more at Kentucky.com
Downtown design guidelines and form-based codes are needed so development in our urban core will occur without destroying what makes the built environment unique—assuring both investors and community advocates of its benefits. As demonstrated by downtown’s recent Centre Pointe and CVS pharmacy controversies, a universal, objective, and efficient regulatory framework is needed to govern the character and “envelope” of new buildings constructed in Lexington’s downtown. The time to act is now. Without a design framework in place, downtown—and the community at-large—will continue to undermine its long term potential.
Knox van Nagell, Executive Director of The Fayette Alliance, has been appointed to the recently established LFUCG Downtown Design Guidelines and Form Based Codes Taskforce. This diverse taskforce will discuss and make recommendations on how we can create a downtown that we can all enjoy and be proud of. The LFUCG Downtown Design Guideline and Form Based Codes Taskforce is a great opportunity to discuss and learn from downtown’s recent CentrePointe and CVS pharmacy projects, and collectively implement design guidelines that our community supports.
What should our downtown look like? We’re listening. Please continue to tell us what you think.
Read more about the Downtown Design Guideline and Form Based Codes Taskforce.