CVS Naples
- Eminent Domain
- Jury Verdict: $3.5 Million
Collier County took a 9,387 sf strip of land from the CVS Drugstore located at the corner of State Road 951/Collier Blvd. and U.S. 41. The taking went through eleven of the drugstore’s primary front parking spaces, and adversely affected several other spaces in front of the store.
The loss of the parking spaces dropped the total number of parking spaces below the number of spaces required by the CVS lease, and substantially reduced the amount of convenient parking on the site.
The County’s case was based on the premise that six of the lost parking spaces could be replaced at the rear of the property. The County also claimed that the CVS entrance could be relocated from the front to the side of the building where more spaces existed compared to those that remained in the front of the store after the taking. At trial, the County presented extensive expert testimony on these issues, including the value of land taken, improvements taken, severance damages to the remainder, and cost to cure, i.e. cost to relocate the parking and move the door.
In Contrast to the County’s position, Helinger DeYoung presented evidence and expert testimony that the County’s position was oversimplified in that the actual cost of relocating the door exceeded the County’s estimate by nearly $1,000,000, including necessary reconfiguring of the interior of the store, which was not considered by the County. Likewise, Helinger DeYoung presented testimony and evidence from the property owner, the CVS director of real estate for Florida, an engineer, and a real estate appraiser that the rear parking was not feasible nor desirable as replacement parking for that which was taken. We presented the property owner’s claim of full compensation in the amount of $3,992,100 to the jury; Collier County’s testimony of full compensation was $519,000.
After a week of testimony and evidence, the jury returned its verdict in the amount of $3,483,000.