The Riverchase Shell and the former Omelet Shoppe building at the corner of Lorna Road and U.S. 31 will be torn down by early April. A Walgreens to be built in their place is expected to be open before fourth quarter, said Traci Fassina, president of Rogina Investment Corp.
The Omelet Shop, which has been vacant for more than a decade, will be torn down to accommodate parking requirements of the city.
Walgreens will usually spend $4-5 million for a building, Fassina said, and construction usually takes six months. Walgreens will be an asset to the city and help in sales tax revenues, Fassina said.
“The fourth quarter is the biggest quarter,” Fassina said, “They’ll probably be operating before then.”
The Rogina Investment Corp. will also have a new tenant to occupy the former Blockbuster building behind the Omelet Shoppe, but cannot reveal further information because of a nondisclosure agreement.