CVS in, Wells Fargo out at downtown Phoenix CityScape

[Source: Jahna Berry, Arizona Republic] — CVS Pharmacy will open a drugstore in downtown Phoenix’s CityScape complex, company officials will announce today.  It would be the first time since 1976 that a [open to the public] pharmacy stood in the downtown neighborhood south of Interstate 10 [note that Walgreens opened up a pharmacy in downtown Phoenix, but only available to Maricopa County employees].  The planned 13,000-square-foot drugstore could open as early as June 2010 on the northeastern corner of Jefferson Street and First Avenue, said Michael DeNitto, a CVS regional director.

The downtown drugstore would end three decades of frustration.   Many office workers, visitors and residents have had trouble finding a nearby place to buy medicine, greeting cards, or pantyhose.   For most, the nearest drugstore — a Walgreens at Seventh Street and McDowell Road — is more than a mile away…

In other developments at CityScape, Wells Fargo & Co. confirmed that it won’t occupy three floors of a CityScape office tower.   Wachovia committed to the space before Wells Fargo acquired the bank.   Wells Fargo is looking for a firm to sublease it, a bank spokeswoman said. [Note: To read the full article, click here.  To read the Phoenix Business Journal’s article on the Wells Fargo disclosure, click here.]

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