Legal battle between CVS and Commerce Tower Group about the downtown CVS location. CTG seems to be wanting something nicer in the space.
CVS is in a court fight to keep lease on its downtown pharmacy
"In early June, the pharmacy, doing business as Missouri CVS Pharmacy, filed a lawsuit in Jackson County Circuit Court against Commerce Tower Group, the landlord. CVS said it needs an injunction to prevent Commerce Tower Group from terminating its lease agreement without proper cause.
CVS “is proud to be the only pharmacy serving the downtown community and it is committed to continue providing that service,” the drugstore chain said in a statement. “However, (Commerce Tower Group), in an attempt to redevelop the property in violation of the lease agreement, has notified CVS that it is in default of the lease based on disputed allegations that it failed to properly maintain the premises.”
Michael Knight, a partner in Commerce Tower Group, said the CVS property “is in horrible condition and they are in default of their lease. Their lease is terminated and that’s it. They seem to think it’s still 1995 and aren’t plugged into what’s happening downtown. They’ve got plumbing dating to 1941. They’ve got asbestos. That can’t be abated with people in it.”
Knight said he wants to build CVS a new space, fix the sidewalks, put in new lighting, take the shrink wrap off the windows and make it look inviting like Cosentino’s Market Downtown.
“We need to fix the space and improve it, and we need a willing partner to do it,” Knight said. “There will be a pharmacy in that space going forward, whether it’s CVS or somebody else. It’s too important to the neighborhood.”
Knight said he has offered to give CVS temporary space in Commerce Tower, in the old bank lobby, for the pharmacy during any remodeling.
Commerce Tower Group is also seeking to renovate the neighboring 1964-era Commerce Tower into a multi-use complex. The proposed apartment, school and parking garage conversion of the 31-story office tower is scheduled to be done by the end of 2017, assuming financing details are ironed out."