Costco to Build $22.6 Million Dallas Store, Requests $3 Million Grant from City
ISSAQUAH, WA – Costco has made moves to enter the Dallas, Texas, market, with the filing of a new building permit that seeks a $3 million economic development grant from the city.
The permit is for a 146,000-square-foot warehouse-style retail building, the Dallas Morning News reports, and would be built on a 13-acre site. This would be Costco's first store in the city, and it projects 225 jobs will be created.
In total, the box store would be an investment of about $22.6 million, and the retailer will hear from Dallas’ City Council today if it will receive $3 million to help develop it. Despite not having yet received confirmation, Costco has already filed the permit and looks to have every intention of moving forward.
This would grow an already existing presence for Costco in Texas, though it shopped carefully before it decided to enter this particular hub. The retailer searched for years for alternative store locations before picking the North Dallas site, according to the report.
Costco currently has locations in:
- Fort Worth
- West and East Plano
Keep checking in with AndNowUKnow as we report on the Texas and other retail markets that continue to heat up.