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Could a Recent Fire be the "Cure" for Stalled Walgreens?

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Pharmacy planned for prime Brookhaven property.

Deerfield, Illinois-based Walgreens is once again close to getting its planned Brookhaven location approved.  The pharmacy chain is proposing a two story pharmacy at the corner of Colonial Drive and Peachtree Roads, adjacent to Cherokee Plaza.  The second story of the pharmacy is reportedly to include professional office space.

The two story structure that currently sits on the parcel in question most recently housed Keller Williams Peachtree Road offices.  Keller Willams relocated its Peachtree Road office to TOWN Brookhaven in 2011.

Multiple yellow zoning signs can be seen on both the Peachtree Road and Colonial Drive sides of the property. While the deal is not done and is still pending approval, a local source tells me the deal is far closer to happening now than ever before.

Interestingly, the catalyst for this sudden move towards approval may have come from an unlikely source. Last Tuesday, a fire occurred on the property (reportedly the result of a homeless person's careless disposal of a cigarette) damaging a significant portion of the structure.  Now, the building is in disrepair and literally falling apart.  It would seem as though the neighborhood has finally come to its senses in realizing a Walgreens might in fact be a significant improvement over what could become an even more troubled corner.

It's not as if CVS Pharmacy and Walgreens don't each already have plenty of metro Atlanta locations, but the Brookhaven corridor from Cherokee Plaza up through Peachtree towards Oglethorpe is without a true pharmacy.

Chase Bank and Chick-fil-A were both interested in opening locations on the former Hastings property across the street from the Keller Willams site but that project is reportedly indefinitely on hold.

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