Less than a month after the highly anticipated Whole Foods Market opened at 8th and Grand, another new development has started construction across the street on a surface parking lot keeping the momentum going here on the northern edge of South Park. Sandwiched between Carmel’s new residential tower (that’s also under construction) and the 49-unit South Park Lofts, a new parking structure broke ground in mid November that will include a new CVS drugstore on the ground floor adding another practical business to a growing residential neighborhood in South Park.
Located on the southeast corner of 8th and Grand, the new 5-story parking structure is being developed by L&R — one of the largest parking operators in the nation — and will include about 260 public parking spaces according to Rob Galanti, L&R’s Senior Vice President of Leasing. Aesthetically, the new structure is planning to install modern exterior paneling on the facade similar to L&R’s newest parking structure at 8th and Francisco.
The new 14,452 square foot CVS will occupy the entire ground floor commercial space of the parking structure with 36 dedicated parking spaces for customers. According to Galanti, CVS is planning to make this store a 24-hour location contingent that the nation’s second largest drugstore chain can secure a conditional use permit (CUP) to allow for round the clock business hours. Last year, CVS opened in the Historic Core at 7th and Spring.
The store’s main entrance will face the corner of 8th and Grand helping to create a synergistic pedestrian dynamic with Whole Foods across the street, which has already become a huge pedestrian magnet turning a once desolate intersection into now a bustling corner. According to the architect’s elevation drawings (see below), the store will be wrapped in windows along both 8th Street and Grand Ave allowing for transparency into the store and encouraging pedestrian activation.
Construction on the parking structure broke ground on November 18 and will be completed in October 2016 about a year from now. At that time, the empty ground floor retail space will be delivered to CVS so they can build out their new store, which is projected to finish sometime around August 2017. Along with the Whole Foods, the new CVS (although not quite as sexy) is helping to create a thriving, mature urban neighborhood that’s livable for residents.