Last Updated: September 9, 2026
If you're a Pecan Square resident—or considering moving to Northlake—here's the latest: CVS Pharmacy is building a brand-new location at FM 407 and Gibbs Road. Construction has been underway since November 2025, but as of this update, there's no confirmed opening date — the original summer 2026 target has passed without a grand opening.
As Hillwood community specialists, we're sharing everything we know about this $4 million development and what it means for Northlake's continued growth.
The Basics: Where and What to Expect
Location
Southwest corner of FM 407 and Gibbs Road in Northlake, TX
This puts CVS approximately:
- Less than 2 miles east of Pecan Square by Hillwood
- About 1 mile east of Cleveland Gibbs Road
- Directly off FM 407, easily accessible from I-35W
- In the heart of Northlake's growing retail corridor
Building Details
- Size: 12,651 square feet
- Investment: $4 million project
- Type: Brand new ground-up construction
- Features: Full-service pharmacy with drive-thru (standard for new CVS locations)
Timeline
- Construction Start: November 2025
- Original Target Completion: May 2026
- Current Status: Under construction; no confirmed opening date as of this update
The original 6-month build timeline projected completion by late spring 2026. That window has passed without a confirmed opening, so we're tracking this closely and will update the moment a date is announced.
Why This Matters for Pecan Square & Northlake Residents
Convenience for 3,100+ Families
Pecan Square by Hillwood is nearing completion of approximately 3,100 homes at full buildout. Add in neighboring communities like Harvest (4,000 homes) and Canyon Falls, and you're looking at tens of thousands of residents who will benefit from this nearby pharmacy once it opens.
Filling a Critical Gap
Currently, the nearest CVS locations are:
- CVS Argyle (111 FM 407 W) - approximately 3-4 miles west
- CVS Denton - approximately 10+ miles north
For Pecan Square residents living on the eastern side of the community, the new Northlake CVS will be significantly closer once it opens—potentially cutting drive time in half for prescription pickups, healthcare needs, and everyday essentials.
Healthcare Access
CVS Pharmacy is expected to offer:
- Prescription services with drive-thru pickup
- Immunizations (flu shots, COVID-19 vaccines, etc.)
- Health screenings
- MinuteClinic services (potentially—not confirmed for this location)
- Photo services
- Over-the-counter medications and health products
- Convenience items (snacks, beverages, household goods)
Understanding the Location: Gibbs Road
What is Gibbs Road?
Gibbs Road was renamed by the Northlake Town Council as part of the split of Cleveland-Gibbs Road.
Here's the geography:
- Cleveland Gibbs Road used to run continuously from I-35W westward
- The road was split and renamed to distinguish the eastern and western sections
- Gibbs Road is the eastern portion closer to I-35W
- The CVS is being built at FM 407 & Gibbs Road (southwest corner)
How to Get There from Pecan Square
From Pecan Square's Town Square area:
- Head east on FM 407
- Drive approximately 1.5-2 miles
- CVS will be on your right (southwest corner) at Gibbs Road
Estimated drive time once open: 3-5 minutes from most Pecan Square addresses
Part of Pecan Plaza: Hillwood's Commercial Development
CVS isn't coming to Northlake as a standalone project—it's the anchor tenant of Pecan Plaza, a commercial retail development being built by Office Equity Solutions for Hillwood.
Pecan Plaza Details:
- Location: FM 407 & Cleveland-Gibbs Road (same corner as CVS)
- Developer: Office Equity Solutions (developing for Hillwood)
- Anchor Tenant: CVS Pharmacy — confirmed, under construction, no opening date yet
- Additional Tenant: Little Caesars Pizza — confirmed, under construction, no opening date yet
- More tenants to be announced
This means CVS is just the beginning. Pecan Plaza will grow into a convenient retail destination serving Pecan Square, Harvest, and the broader Northlake community.
For the fullest picture: Read our complete Pecan Plaza construction guide →
What This Means for Northlake's Development
Retail Follows Rooftops
CVS's $4 million commitment to a new Northlake location is a strong indicator of the area's demographic strength and growth trajectory, even before doors open.
National pharmacy chains like CVS conduct extensive market research before site selection, analyzing:
- Population density
- Household income
- Projected growth rates
- Competition analysis
- Traffic patterns
A confirmed $4 million project under construction reflects real confidence in Northlake's demographics — that confidence doesn't depend on a specific opening date.
Part of a Larger Retail Expansion
This CVS is part of Northlake's broader commercial development along the FM 407 corridor:
Already open nearby:
- Tom Thumb and Chuy's Tex-Mex at Harvest Town Center (both now open)
- McDonald's, Chick-fil-A, and Chase Bank at Harvest Town Center
- Pecan Square's on-site Town Square amenities
Still under construction:
- CVS and Little Caesars at Pecan Plaza (no confirmed opening dates)
- Additional retail and dining along FM 407
Real Estate Impact
New retail amenities like CVS are expected to affect home values by:
- Increasing convenience for residents once open
- Reducing drive times for everyday needs
- Attracting additional businesses to the area
- Validating the market's strength to potential buyers
For current Pecan Square homeowners, a confirmed CVS under construction is a positive signal for long-term property values, even while the community waits for an opening date.
CVS vs. Other Pharmacy Options in the Area
How Does This Compare?
CVS Northlake (Under Construction):
- Size: 12,651 sq ft
- Location: FM 407 & Gibbs Road
- Features: New construction, modern layout, drive-thru expected
- Proximity to Pecan Square: ~2 miles (3-5 min drive once open)
CVS Argyle (Existing):
- Size: Similar
- Location: 111 FM 407 W (near Argyle proper)
- Proximity to Pecan Square: ~4 miles (8-10 min drive from eastern Pecan Square)
Other Options:
- Walgreens: Locations in Denton, Flower Mound
- Tom Thumb Pharmacy: Now open at Harvest Town Center
- Walmart Pharmacy: Multiple locations in Denton, Flower Mound
- Independent pharmacies: Various locations throughout Denton County
Why CVS?
CVS Pharmacy is the largest pharmacy chain in the United States, with benefits including:
- ExtraCare Rewards Program (free, earns discounts on purchases)
- Nationwide locations (convenient when traveling)
- App-based prescription management (refills, delivery options)
- Insurance compatibility (accepts most major insurance plans)
- 24-hour locations (some stores, though not confirmed for Northlake)
- Same-day delivery available in many markets
Frequently Asked Questions
Q: Is the Northlake CVS open yet? A: Not yet. Construction has been underway since November 2025, but there is no confirmed opening date as of this update. The original summer 2026 target has passed.
Q: Will this CVS have a drive-thru pharmacy? A: While not officially confirmed, virtually all new CVS construction includes drive-thru pharmacy service. We expect this location to follow that standard.
Q: Will there be a MinuteClinic at this location? A: MinuteClinic availability has not been confirmed. Not all CVS locations include MinuteClinic services, though many newer, larger stores do.
Q: What will the store hours be? A: Not yet announced. Specific hours for this location will be confirmed closer to opening.
Q: Can I transfer my prescriptions before they open? A: You can transfer prescriptions to any CVS location now (such as the Argyle CVS), then request a transfer to the Northlake location once it opens.
Q: How does this affect traffic on FM 407? A: The southwest corner location provides easy in-and-out access. While any new business increases traffic, CVS hours are typically spread throughout the day (not concentrated at peak times like restaurants), which should help minimize impact on FM 407 congestion once it opens.
Q: Is this the only new retail coming to this area? A: No. FM 407 continues to develop with additional retail, dining, and service businesses. Northlake's continued residential growth ensures more commercial development is on the way.
What This Means for Pecan Square Home Values
Amenity Proximity and Value
Homes with convenient access to pharmacies, groceries, and healthcare services are generally considered more desirable than homes requiring longer drives for these essentials — that's a well-established pattern in real estate, though we don't have a specific sourced figure for exactly how much this particular CVS will move values once it opens.
For Pecan Square residents, the CVS under construction represents:
- Future increased convenience - a real quality-of-life improvement once open
- A confirmed, funded project - not speculation, but $4 million already committed
- Future buyer appeal - "pharmacy under construction 2 miles away" is still a meaningful talking point, even pre-opening
Investment Signal
When national chains commit millions to a community, it signals confidence to other potential developers and retailers, regardless of exactly when doors open. That signal can still support:
- Additional retail tenants
- Restaurant chains entering the market
- Service businesses (banks, cleaners, salons) following
Why We're Watching Closely (A Realtor's Perspective)
As Hillwood community specialists — with a 2026 RealTrends Verified team ranking and North Fort Worth Real Producers recognition (Edson Top 250, Paige Top 1,000 out of ~15,000 agents) — here's why we're tracking this project:
1. It's Part of Completing the "Essentials Triangle"
Every master-planned community benefits from three core amenities nearby:
- ✅ Groceries: Tom Thumb at Harvest Town Center (3 miles west) — now open
- 🔨 Pharmacy: CVS Northlake (2 miles east) — under construction
- ✅ Emergency Services: Nearby hospitals and urgent care facilities
Pecan Square already has two of the three fully operational, with the pharmacy piece on the way.
2. It Improves the Buyer Conversation
When showing Pecan Square homes to out-of-state buyers, we occasionally hear: "Where's the nearest pharmacy?"
Right now: "CVS Argyle is 4 miles away, though a CVS is confirmed and under construction less than 2 miles from here — we're just waiting on an opening date."
That's a stronger answer than nothing confirmed at all.
3. It's Consistent With Our Market Guidance
We've been telling clients for two years: "Buy in Northlake now—the retail amenities are coming." Tom Thumb and Chuy's at Harvest Town Center have already delivered on that. CVS is the next piece, even if it's taking longer than originally projected.
Pecan Square by Hillwood: A Quick Overview
If you're new to the area or researching Northlake communities, here's why Pecan Square continues to be one of our top recommendations:
Award-Winning Community
- 2021 People's Choice Community of the Year (NAHB)
- 2025 Gold Award: Master-Planned Community of the Year (NAHB)
- 2025 Gold Award: Lifestyle Program of the Year (NAHB)
The Town Square
Pecan Square's centerpiece features:
- Jackson Hall: Fitness center, game room, pools
- The Greeting House: Co-working space, Amazon Hub lockers
- The Arena: 22,000 sq ft event pavilion with sports courts
Schools
- Northwest ISD: Top-rated school district
- Johnie Daniel Elementary: On-site, currently open
- Floyd Barksdale Middle School: On-site, opened August 2026
Current Builders
Cadence Homes (townhomes), Coventry Homes, David Weekley Homes, Highland Homes. D.R. Horton and Pulte Homes have sold out of their sections and are no longer building here.
Home Prices
$299,990 (Cadence townhomes) to $1M+ across various lot sizes (40', 50', 60', 70', 100')
Community Size
1,200 acres, approximately 3,100 homes at buildout
Location
1 mile west of I-35W off FM 407, Northlake/Denton County
How CVS Fits Into Northlake's Vision
A Complete Community
Northlake's Town Council has worked diligently to ensure the community develops holistically—not just homes, but the infrastructure and amenities to support them.
CVS Northlake, once open, will represent:
- Smart planning: Retail strategically placed along FM 407 corridor
- Resident-focused development: Healthcare access prioritized
- Economic growth: Tax revenue to fund schools, roads, services
- Quality of life: Convenience that makes Northlake feel like home
Infrastructure Improvements
To support this growth, Northlake and Denton County are investing in:
- FM 407 widening (four lanes from FM 1830 to Highway 156)
- New I-35W interchange at Cleveland Gibbs Road
- Traffic signal improvements at major intersections
- Sidewalks and trails connecting residential to retail
CVS Northlake will benefit from these improvements once complete.
Comparing CVS Northlake to Tom Thumb at Harvest Town Center
CVS Northlake (FM 407 & Gibbs Road)
- Focus: Pharmacy, healthcare, convenience items
- Size: 12,651 sq ft
- Status: Under construction, no confirmed opening date
- Best for (once open): Prescriptions, health needs, quick trips
- Location advantage: Eastern Pecan Square, Northlake proper
Tom Thumb at Harvest Town Center (FM 407 & I-35W)
- Focus: Full-service grocery, pharmacy, Starbucks
- Size: 63,000 sq ft
- Status: Open since March 6, 2026
- Best for: Weekly grocery shopping, pharmacy, coffee
- Location advantage: Western Pecan Square, Harvest, Argyle
The Complete Picture
Once CVS opens, Pecan Square residents will have:
- Pharmacy options: CVS (east, pending), Tom Thumb Pharmacy (west, open now)
- Grocery options: Tom Thumb (west, open), plus Kroger/Walmart in surrounding areas
- Coffee options: Tom Thumb Starbucks, plus Harvest Town Center options
- Convenience: Both within 5 minutes of most Pecan Square addresses
Even before CVS opens, Tom Thumb already provides pharmacy access for the community — CVS will simply add redundancy and choice, especially for eastern Pecan Square addresses.
How We Can Help
As Hillwood community specialists with verified 2026 RealTrends and Real Producers recognition, we offer:
Unmatched Local Expertise
- We know every builder, every floorplan, every lot
- We track inventory daily and know what's available before it hits MLS
- We've helped dozens of families find their perfect Pecan Square home
Insider Access
- Builder relationships for better incentives
- Lot selection strategy (which lots have best views, privacy, location)
Comprehensive Service
- New construction guidance: Navigating the builder process, selections, upgrades
- Resale listings: If you prefer a pre-owned home with landscaping and upgrades done
- Market analysis: Current values, pricing trends
- School zoning: Ensuring you're in the right attendance zones
Personal Experience
We live in the area and genuinely love these communities. Our mission: Help you love where you live and profit when you leave.
Stay Updated on CVS Northlake Construction
Want to be the first to know when CVS Northlake gets a confirmed opening date?
Follow us:
- YouTube: @wheretoliveintexas
- Sign Up for Our Newsletter: beacons.ai/alliancenetworktx
- Website: mirandarealty.team
- Email: [email protected]
- Phone: 940.577.2051
We'll share the opening date the moment it's confirmed.
Final Thoughts
CVS Pharmacy's $4 million commitment to a new Northlake location remains a meaningful signal about the area's growth, even as construction has taken longer than originally projected. The original summer 2026 target has passed, and we don't have a new confirmed date — but the project is real, funded, and under construction.
For current Pecan Square residents, this means continued anticipation rather than an immediate amenity — but it's still progress toward a more complete community.
For prospective buyers, Pecan Square already delivers a strong amenity package today (Tom Thumb, Chuy's, on-site schools), with CVS as one more piece still on its way.
Love where you live. Profit when you leave.
—Miranda Realty Team
Your Pecan Square & Northlake Specialists
Quick Facts
Detail | Information |
|---|---|
Business | CVS Pharmacy |
Location | Southwest corner FM 407 & Gibbs Road, Northlake, TX |
Building Size | 12,651 square feet |
Project Cost | $4 million |
Construction Start | November 2025 |
Status | Under construction; no confirmed opening date |
Original Target | Summer 2026 (passed without opening) |
Distance from Pecan Square | Approximately 2 miles (3-5 min drive) |
Drive-Thru | Expected (standard for new CVS locations) |
Nearest Existing CVS | CVS Argyle - 111 FM 407 W (3-4 miles west) |
About Miranda Realty Team
Paige and Edson Miranda are the husband-wife real estate team behind Miranda Realty Team, specializing in Hillwood Communities and the Alliance Texas corridor. Edson was ranked Top 250 and Paige Top 1,000 by North Fort Worth Real Producers in 2026, and the team was named a 2026 RealTrends Verified Best Real Estate Small Team in Argyle, Texas. They bring verified local expertise to buyers and sellers throughout Northlake, Argyle, Justin, and Denton.
Our Mission: Help you love where you live and profit when you leave.
Our Approach: Spirit-led counsel and straight talk, with no fluff.
Our Specialties:
- Pecan Square by Hillwood (Northlake)
- Harvest by Hillwood (Argyle/Northlake)
- Treeline by Hillwood (Justin)
- Landmark by Hillwood (Denton)
- First-time homebuyers and out-of-state relocations
Contact Us:
- Phone: 940.577.2051
- Email: [email protected]
- Website: mirandarealty.team
