Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Costco Georgetown Store Slated for June Opening
Costco likes to keep grand opening news quiet until they have a firm date. For eager Georgetown residents, they finally have a date. A new 160,000 square foot Costco warehouse store will open in Georgetown in June.
The Georgetown location will be Costco’s only store between the Austin metro and the Dallas-Fort Worth metro, a span of about 160 miles. The store and adjoining gas station cost $15 million to build.
The new store is expected to employ 235 workers. In 2019, the Washington-based retail giant was approved for an incentives package valued at $4.4 million. It could be reimbursed for up to $2 million in infrastructure improvements and up to $2 million in sales taxes, plus receive $400,000 to help cover the cost of a new natural gas line.
As of January, Costco had 848 warehouses across the world with 548 locations in the U.S. and Puerto Rico, with $222.7 billion in revenue for its 2022 fiscal year, which ended in August.
- ◦Development

