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Benderson Development Co. has confirmed its long-rumored plans to put up a new CVS Pharmacy store on the site of the former Paula’s Donuts on Kenmore Avenue, replacing a dated store down the street.

Benderson, which acquired the property at 392 Kenmore from Valu Home Centers owner Michael A. Ervolina Jr. for $1.35 million earlier this year, has already demolished the former plaza that housed Paula’s, which moved to a larger location at 2319 Sheridan Drive in Tonawanda.

Benderson Vice President Eric Recoon said plans call for a new pharmacy of about 15,000 square feet in size on the site near Englewood Avenue. That would replace an older store at 465 Kenmore.