It’s new location update time! This month there is a ton of good news for new locations. I’ve gotten a lot of requests in the last few weeks to check out specific locations and I am trying to keep up with them all and find information. Sorry if the place you wanted to know about isn’t in here today, but I’ll keep looking and hoping that everyone gets the Costco they’ve been hoping for.
Locations opening soon:
|HAYES, ENGLAND||August 21, 2014|
|SOUTH JORDAN, UTAH||August 28, 2014|
|CUMMING, GEORGIA||August 29, 2014|
It looks like Costco has finally identified a site within Dallas city limits to build a new location. Restrictions on beer and alcohol were lifted recently, so it looks like that finally spurred a more focused search from Costco where they were able to find a site near the North Central Expressway. The new 146,000 square foot warehouse will be built south of LBJ Freeway, west of North Central Expressway near Coit Road. They still have to go through all of the planning, but hopefully this new Costco location will be opening next summer.
Lower Macungie Township, Pennsylvania
Any excitement over this finally getting approval, might be short lived. It seems that the Township is now being sued by another shopping center developer, Cedar Realty Trust, over the tax increment financing plan that was given to the Hamilton Crossings project (where the new Costco will be located). They claim that the approval of the TIF violate Pennsylvania’s TIF act and Cedar Realty’s due process rights. The Township felt that the site for Hamilton Crossings is blighted because it will require extensive environmental remediation after years of mining on the property. However, the Cedar Realty Trust suit describes the site as “mostly an empty field in one of the wealthiest suburbs in Lehigh County, and not in any reasonable sense ‘urban’ or ‘blight.'”
Teterboro, New Jersey
Teterboro Landing, a 580, 000 square foot mixed use development on the site of the former Honeywell aircraft parts factory, is coming along nicely with several confirmed tenants. Obviously, since I’m writing about it here, you probably guessed that one of the new stores located here will be Costco. In addition to Costco, one of the confirmed tenants will be a Walmart, as well as several restaurants. The site had $40 million in environmental clean up, and required some financing help from the state to get the project moving. What really got the project moving though seems to have been the granting of special liquor licenses. Teterboro Landing will include 422,000 square feet of retail and restaurant space, 151,040 square feet of light industrial, and 8,960 square feet of office space. As usual there are concerns from neighboring businesses about the competition from the new stores, and residents in the area are concerned about crazy traffic. Hopefully, after they open though, everyone will be pleased with the end result.
There seems to be little doubt at this point that Mobile will be getting the fourth Costco location in Alabama. The new 600,000 square foot McGowin Park shopping center will be anchored by a 148,000 square foot Costco. McGowin Park will be located near Hank Aaron Stadium on Satchel Paige Drive. Other retailers will include Dick’s Sporting Goods, Field & Stream, and Petco. Contractors have already started work clearing the site before construction can begin in ernest. The target opening date for the new Costco is June 2015.
- Fox10TV.com: Contractors clear land for Costco
- Lagniappe: Costco opening scheduled for June 2015, official says
It looks like this possible location is finally taking positive steps forward. Costco has filed a development application with the Wichita-Sedgwick County Metropolitan Area Planning Department for the plot of land at the northeast corner of Kellogg and Webb Roads. A sub-committee of the planning commission has already approved the plat which will now go before the full commission on August 7 (tomorrow). The plat sets out some of the technical aspects of the site like road easements, utility connections, and drainage. Following approval there, the Wichita City Council must accept the road right of ways in the plat before construction on the new Costco can begin. If everything move smoothly with the project I would expect them to be open by next summer.
Oceanside, New York
Costco is looking to open their eighth location on Long Island, but is hoping to get a little help from Nassau County with tax breaks. The site that they are looking at used to be an oil storage facility, so will probably have some environmental cleanup issues, I would think. Costco would like a $900,000 sales-tax exemption on the purchase of construction materials and store furnishings, and $162,750 off the mortgage recording tax. Since there’s a 2013 law prohibiting tax incentives for retailers, it looks like getting this through could prove difficult. If the store is considered to be a tourist destination though, they would be able to take utilitze the requested tax breaks. I know Costco draws a big crowd from neighboring areas, but I’m not sure how many people is enough to be considered tourism.
Costco Headquarters – Issaquah, Washington
Costco would like to expand their campus in Issaquah by building three additional buildings with a height of three to ten stories. These new buildings would be built on spots that are currently used as parking lots. Costco’s 1987 master plan for the 47 acre campus had restrictions on building heights as well as commercial square footage restrictions. Now Costco would like to change that so that they can have more space for their growing business needs. If Costco’s new plans are approved, the development agreement would ensure Costco could grow its corporate office over the next 30 years with proposed buildings adding up to an additional 1.5 million square feet of commercial development to the property. These new plans might require they provide the city with increased open space since the building regulations in the city require a penalty for buildings over four stores in the form of open space or money. In the preliminary draft development agreement designs submitted by Costco, they have plans to create a connected system of open space and parks in the center of the parcel and on the eastern edge. They would also partner with Issaquah on the street improvements currently underway in the north of the city. The council’s Land and Shore Committee will discuss the proposed development agreement next on August 12. The full council is expected to hold a public hearing and possibly decide on the matter September 15.
The new store in Adelaide is making good progress and they’ve even started hiring. If you are interested in working for Costco Adelaide, check out the available positions on their website. They have a temporary office at the Churchill Mall where you can sign up for membership, collect a Costco brochure, or apply for a position. If you would like to sign up for membership, you can also do so at Join Us At Adelaide, if you sign up for this new location your membership will be valid for 12 months from the opening of Costco Adelaide (so you’re not paying for membership time when you don’t have a store to shop at).
Upcoming Holiday Closures and Hours
- Costco Australia
- EKKA Day: Monday, August 11, 2014 North Lakes, QLD location Open 9 am to 6 pm.
- Costco Canada
- Regatta Day: Wednesday, August 6, 2014 all locations Open;
- Newfoundland CLOSED.
- Labour Day: Monday, September 1, 2014 all locations CLOSED.
- Regatta Day: Wednesday, August 6, 2014 all locations Open;
- Costco US
- Labor Day: Monday, September 1, 2014 all locations CLOSED.