Plans are in the works for the construction of a massive building on the northwest side of Grand Junction that will house a new Costco store location.
The project is set to go up off 24 Road near the Interstate 70 intersection and will see the building of a nearly 158,000 square-foot structure on a just-under 14-acre site.
Officials with both the Seattle-based Costco and the City of Grand Junction have been in talks since late last year on the project. But according to published reports, the giant warehouse chain has been thinking about building a new location in Grand Junction for upwards of a decade now.
According to the Economic Development Council of Colorado, the deal was sweetened by a Grand Junction City Council vote foregoing up to $12.3 million in sales taxes as an incentive to get the store built.
The new Grand Junction store is a part of a larger effort on the part of the company to build at least two dozen new locations nationally before the end of this year.
A membership-only operation, Costco has some 900 stores across the U.S. and in parts of Asia and Europe. Last year the company saw more than $252 billion in revenue.
The Grand Junction store will expand Costco’s Colorado presence, which already includes 16 stores. Costco has, in fact, been heavily invested in the West with around 150 locations in California, 38 in Texas, and some 20 stores in Arizona.
The anticipated size of the new Grand Junction location is sandwiched between the company’s smallest stores at 88,000 square feet and largest at 219,000 square feet.
If all goes as expected, work on the new Grand Junction store will begin either later this year or in early 2025, with an expected completion date of sometime in 2026.
By Garry Boulard
