« RadioShack sells warehouse property near downtown Fort Worth | Main | Energy Future Holdings discloses bankruptcy talks »

04/15/2013

Costco plans north Fort Worth location

FORT WORTH — Costco Wholesale, the Washington-based membership warehouse club, is under contract to buy 17 acres of land in the Presidio Junction development in north Fort Worth where it plans its fourth Tarrant County location.

Steve McArthur, a real estate broker with Northwest Atlantic who works with Costco in the Texas market, said the company will begin construction on the store as soon as LNR Property Corp., Presidio’s developer, completes some infrastructure work at the site. Once that site work is completed, it will take Costco about four months to complete the store, he said.

McArthur said the store will likely open in late spring 2014.

The site, 8900 Tehama Ridge Parkway, is on the west side of Interstate 35W and south of North Tarrant Parkway, across from Alliance Town Center.

"We’re expanding in a lot of areas in Texas," McArthur said. "That’s one area we know has good housing growth."

Building permits recently issued by the city of Fort Worth show the store to be 153,847 square feet and will cost $11 million to build.

The store will have about 200 employees, half of which will be fulltime workers, he said.

Costco also has stores in Arlington, Southlake and in southwest Fort Worth.

Presidio Junction is a 300-acre master-planned community of Newport Beach, Calif.-based LNR, which bought the land in 2007. LNR has planned 1 million square feet for shops and restaurants, 1,300 apartments and 750,000 square feet for a hotel, fitness center and Class A office space.

LNR has a regional office in Dallas.

_ Sandra Baker

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c2cc953ef017c38a30bbc970b

Listed below are links to weblogs that reference Costco plans north Fort Worth location:

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

The comments to this entry are closed.

-->

Category Cloud

Blog powered by TypePad
Member since 01/2007