New CVS on Ambassador at Verot

POSTED 4/11/09

A national drug chain is building at what will become one of Lafayette's newest busy interesections. CVS applied for, and was issued a permit to build in the 5400 block of Ambassador Caffery. If you plug that address into mapquest you won't even get a location. That's because the block doesn't exist... yet. The store looks like it will be at the intersection of Ambassador and Verot School Road. Right now, Ambassador ends at the intersection, but work is underway to extend the road more than 6 miles to Hwy. 90 near Broussard.

The $1.6 million store will be just a few blocks from another new-ish CVS in River Ranch. In the past few years, the major drug chains have been snapping up high-profile corner lots. They know that aging baby boomers will soon need even more drugs, and they're preparing for the future. However, a national retail source tells me the drug store building boom is almost over. Most of the companies are trying to weather the current economic storm.

A Walgreen's is already well under construction nearby at the corner of Johnston and Duhon Road, near the new library south of the Mall.