State-Planters Bank of Commerce & Trusts v. Standard Cary Corp.

In 1956 Hilton W. Goodwyn leased land in the Richmond Shopping Center to Standard Cary Corporation (“Standard”) under a lease (the “1956 Lease”) that contained restrictive covenants concerned primarily with Standard’s parking rights. In 1965 Goodwyn leased other land in the Shopping Center to the Second National Bank of Richmond. Goodwyn constructed banking facilities, including a building and other improvements, and provided for a drive-in teller lane on the land leased to the Bank. He also relocated an existing vehicular traffic lane so that it adjoined the new improvements and drive-in…