Drugstore shuffle on 86th

March 16, 2009
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CVS v. Walgreen’sA rough economy hasn't calmed the grudge match between drugstore giants Walgreen Co. and CVS. Both stores are planning new locations at the busy intersection of 86th Street and Ditch Road. CVS plans to build a new store replacing an old Shell gas station at the intersection's southeast corner, moving from an older-format location a few blocks east. Meanwhile, Walgreen's has filed plans to build a new pharmacy and retail store on the current home of Aaron-Ruben-Nelson Mortuary, which sits north of 86th Street between a Speedway gas station and a Hardee's restaurant. The mortuary plans to begin construction soon on a new facility along Michigan Road near 114th Street.
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  • benjaminMarch 16, 2009 3:04 PM
    YAWWWWNNNNNNNNNNNNN
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  • BradshawMarch 16, 2009 3:06 PM
    I wish these two would just merge and get it over with already.
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  • Purdue FanMarch 16, 2009 4:47 PM
    Feds wouldn't let them merge....

    Does this mean we'll know about every Walgreens/CVS that goes in now on the blog?
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  • thundermuttMarch 16, 2009 5:44 PM
    Maybe we can get Rite-Aid and Eckerd to join the fray here.
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  • StanleyMarch 16, 2009 6:08 PM
    So, we will have two gas stations with convenience stores and two Drug Mega Drug Stores ....maybe we will have Candy Bar Wars soon !!!
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  • KanyeMarch 16, 2009 9:53 PM
    I feel sorry for our buddy Cory. He has been relegated to writing stories about new Walgreens locations :-(
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  • IvoMarch 16, 2009 10:35 PM
    For those of us actually IN development it's pretty interesting (albeit that we already knew it was happening) because of the prices cvs and wgreen have had to pay to get the sites, clean them up, etc. That's great news for sellers!
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  • IvoMarch 16, 2009 10:36 PM
    meant to say what developers are willing to pay to get sites done
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  • indyfanMarch 17, 2009 8:12 AM
    Why would CVS move again?? They were located in the strip mall until a few years ago when they built the stand-alone location where they currently reside...if my memory serves me, it's a fairly new building. So while this move is good for the vacant shell station lot, what will happen to the relatively new building just east of there (literally, 2 blocks or less... you could throw a stone from one spot to the other)

    Also feel like 16th street should be mentioned... Walgreens opened last year at 16th and meridian and CVS just bought and demolished the IHOP across the street...prior to that, no drugstore on meridianbetween 86th and downtown (my old commute).
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  • BoomerMarch 17, 2009 9:14 AM
    What...there aren't enough drug stores in the area? Wouldn't want to drive a few extra blocks when we can build a Walgreens and CVS every couple of miles. It's like grocery stores...when is enough enough? Must be extremely profitable - or worth the risk. Someone with good business knowledge, please enlighten me.
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  • StanleyMarch 17, 2009 9:32 AM
    CVS has owned this corner for decades....but now it will be a free for all fight....great for the consumers, these giants will beat each other up. Look for lower prices at the convenience stores, look for lower prescription prices as they want to compete with Walmart. It is very profitable, or they would not be opening up.....there are lots of medical offices within a mile of these locations, so it makes sense. The old CVS will be fine, they will probably find a Liquor Store that will want to move in, make it a mega store.....like we need that, but don't be surprised.
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  • KayGeeMarch 17, 2009 10:18 AM
    Uggghh...not what I wanted to happen at this corner...although a CVS will look nicer than the closed down Shell station.

    And there is a new Walgreens at 86th and Michigan...
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  • roberthMarch 17, 2009 11:56 AM
    I wish one of them would build a drug store in Traders Pointe to the west. There presently is not any drug store out in this area. This seems more beneficial then building two across the street from each other.
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  • RobMarch 17, 2009 12:22 PM
    Since vacant gas stations have been mentioned, does anyone know if there have ever been plans to redevelop or reopen the Marathon station at College and 62nd St? It has been vacant since I moved to Indy several years ago.
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  • Ginny JenkinsMarch 17, 2009 1:24 PM
    So glad to hear the space won't continue to empty and ugly on the corner of 86th and Ditch. The competiton will be good for both stores. As a customer I find one of them loses my information and has a lack of customer service skills. When is Wal Greens opening?
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  • RileyMarch 17, 2009 1:31 PM
    The ARN funeral home was a great neighbor. I'm sad to see them move.
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  • palsyStepApril 7, 2009 10:32 AM
    Too bad they both leave a wake of vacant buildings when they compete for the new 100% corners...

    ...and replace their 1980s schlock with new 21st century schlock as they go.

    Take a drive west on 16th and see. They're *such* great community partners.

    The drugstores and grocery chains (see the old Kroger on 10th, and the ever-more shitty Kroger on 16th that the chain refuses to upgrade unless they can install gas pumps) should be commended for contributing to the shit-ifying of our suburban city.
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  1. First, the Athenaeum is going to have to get past the hurdle with the Lockerbie residents and the agreement that the parcel would be residential. Second, and in my opinion, this prime piece of property should include parking, PLUS, a black box theater(s), some market rate and affordable artist housing and a plan to renovate and reconfigure the second story theater. I would negotiate to add the DeHaan property surface parking lot into the development mix, place a one story surface parking garage on the DeHaan lot on the street level (for the Dehaan tenants use during the daytime) and add a second story to the garage that would become an addition to the current second story theater and then change the direction of the theater by moving the stage across the alley and on top of the DeHaan lot parking. You can add all the stage elements that are currently missing from the Athenaeum stage to make it more attractive for use by Ballet, Opera and traveling productions. Plus, the theater changes would probably help solve some of the soundproofing issues. Alas,it does not seem to be a part of the strategic plan to conduct a study to determine best use of the property. Seems like the current plan is a quick and easy move that ignores the property best use/potential and any strategic property planning for the effect on future generations.

  2. I recall that MSA's pilings are still in the ground and hard to remove. It’s not likely any proposal will include significant underground construction/parking because of this. Start adding 2 floors of retail, 8 floors of parking and 5-10 floors of possible hotel, and/or 10-20 floors of residential, and you are at 30 floors already with possible expansion of all the uses. But then again I could be wrong.

  3. Accoriding to their website there is no deadline to the Do Not Call list. What is this article referring to??

  4. On what planet are they entitled to this largesse from the stockholders? These people make multi-million dollar salaries: Pay for your own personal travel.

  5. It matters because they're already paid enormously fat salaries: Pay for your own personal travel. Being "taxed on it" isn't a valid excuse--so what? They're still being gifted a raft of luxury perks from somebody else's money on top of an enormous, lavish salary.

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