Cornerstone Community Development, Winterwood, CVS Health, and Community Organizations Announce the Prichard Centennial Residential Reveal and Next-Phase Preview

Rhea-AI Summary

Cornerstone Community Development, together with Winterwood and CVS Health (NYSE: CVS), will host the Prichard Centennial Residential Reveal & Next-Phase Preview on December 4, 2025 at 1:30 p.m. in Huntington, WV.

The event showcases newly completed residential spaces inside the historic Prichard building and previews the next restoration phase. CVS Health has invested more than $17 million in the Prichard adaptive-reuse and has invested over $21 million in affordable housing across West Virginia, helping create or preserve 800+ affordable units.

Positive

• CVS investment of more than $17 million in Prichard adaptive-reuse
• $21M+ total CVS/Aetna affordable-housing investment in West Virginia
• Project helped create or preserve 800+ affordable units statewide
• Newly completed residential spaces in Prichard now revealed

Negative

• None.

Insights

Community Development & Corporate Strategy Analyst

CVS Health's >$17M investment in the Prichard project signals meaningful community housing support and local revitalization partnership.

The announcement describes a completed adaptive-reuse conversion of the Prichard building into affordable senior housing supported by a $17,000,000 direct investment from CVS Health and an additional $21,000,000 of statewide affordable housing commitments. This represents a straightforward use of corporate capital to preserve a landmark, create housing units, and link housing with health-oriented community goals.

Outcomes depend on occupancy, operating economics for the affordable senior units, and continuation of partner funding and local support; the release does not disclose operating subsidies, expected unit count at the Prichard, or near-term financial returns. Watch the public reveal on Dec 4, 2025 for concrete unit counts, resident eligibility rules, property management plans, and any mentioned supportive services that will determine long‑term sustainability within 6–12 months.

HUNTINGTON, W.Va., Dec. 1, 2025 /PRNewswire/ -- Cornerstone Community Development, in cooperation with Winterwood, CVS Health® (NYSE: CVS) and other community organizations, invites the public and media to a special event celebrating the transformation of one of Huntington's most historic properties. The Prichard Centennial Residential Reveal & Next-Phase Preview will be held on Thursday, December 4, 2025, at 1:30 p.m. at 601 9th Street, Huntington, WV 25701.

This milestone event will highlight the newly completed residential spaces inside the Prichard building and showcase the next phase of the project—an ongoing effort to restore the landmark while expanding housing opportunities, improving community wellbeing, and supporting downtown revitalization.

"The Prichard has long been a pillar of Huntington's identity," said Nikki Thomas, President at Cornerstone Community Development. "This moment reflects a shared commitment to preserving history, strengthening our neighborhoods, and creating new opportunities."

CVS Health and additional organizations have played an important role in supporting the development's community-focused goals. Recognizing the connection of housing to health, CVS Health has invested more than $17 million towards the adaptive-reuse and rehabilitation of the Prichard into affordable senior housing. The company's investment in the Prichard builds on CVS Health and Aetna's long history of community support in West Virginia. In addition to their investment in the Prichard, CVS Health has invested over $21 million in affordable housing across the state, helping to create or preserve over 800 affordable units.

"Housing is more than a roof over someone's head. It's peace of mind, dignity, and a foundation for wellbeing," said Don Mazza, Chief Medicare Officer, Keystone Market, Aetna, a CVS Health company. "The transformation of the Prichard serves as a powerful example of what can be achieved through community-focused collaboration. Through our investment and collaboration with Winterwood and Cornerstone Community Development, we're helping to ensure Huntington's seniors have a safe, welcoming place to call home."

Mike Hynes, Chief Executive Officer at Winterwood noted, "Revitalizing the Prichard is a collaborative effort. Together with our partners, we are bringing renewed energy and purpose to this iconic building."

The event is free and open to the public, and media outlets are encouraged to attend for coverage, interviews, and visual opportunities.

For questions or more information, please contact (304) 939-5726.

About CVS Health
CVS Health is a leading health solutions company building a world of health around every consumer, wherever they are. As of September 30, 2025, the Company had approximately 9,000 retail pharmacy locations, more than 1,000 walk-in and primary care medical clinics and a leading pharmacy benefits manager with approximately 87 million plan members. The Company also serves an estimated more than 37 million people through traditional, voluntary and consumer-directed health insurance products and related services, including highly rated Medicare Advantage offerings and a leading standalone Medicare Part D prescription drug plan. The Company's integrated model uses personalized, technology driven services to connect people to simply better health, increasing access to quality care, delivering better outcomes, and lowering overall costs.

Media contact
Rebecca Ferrick
FerrickR@CVSHealth.com

 

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SOURCE CVS Health

FAQ

What is the Prichard Centennial Residential Reveal event on December 4, 2025 for CVS (NYSE: CVS)?

The event on December 4, 2025 at 1:30 p.m. showcases completed residential spaces and previews the next phase of the Prichard restoration in Huntington, WV.

How much did CVS Health invest in the Prichard project (CVS)?

CVS Health invested more than $17 million toward adaptive-reuse and rehabilitation of the Prichard into affordable senior housing.

What is CVS/Aetna's total affordable-housing investment in West Virginia mentioned in the announcement?

The announcement cites over $21 million invested across West Virginia, supporting the creation or preservation of 800+ affordable units.

Where and when is the Prichard reveal event open to the public?

The free, public event is at 601 9th Street, Huntington, WV 25701 on December 4, 2025 at 1:30 p.m.

Who are the main partners involved in the Prichard redevelopment alongside CVS (CVS)?

Partners named include Cornerstone Community Development and Winterwood, together with CVS Health and other community organizations.

How can media request information or interviews about the Prichard event?

Media inquiries are directed to the listed contact at (304) 939-5726 for coverage and interview opportunities.