Speculation is growing that the national Costco Wholesale may be contemplating construction of a massive new store just to the north of the growing Arizona city of Buckeye.
The membership-only chain based in Issaquah, Washington, has submitted preliminary papers for the building of a location at the intersection of Interstate 10 and Verrado Way.
The currently vacant site is near an 8,800-acre master planned community that could in a few years be the home to thousands of new residents.
Launched in 1976, Costco currently has more than 800 locations, and saw revenues in excess of $192 billion in 2021.
Always massive affairs, Costco outlets measure anywhere from 80,000 to 230,000 square feet and are located on open sites mostly in largely suburban areas.
Late last year Richard Galanti, the company’s chief financial officer, revealed that plans are in the works for the construction of up to two dozen new Costco stores both in the U.S. and internationally.
New store projects in varying stages of development have recently been announced for Oregon, Utah, Florida, Texas, and California.
Costco has traditionally maintained a strong retail presence in the West with more than 130 outlets currently up and running in California, 35 in Texas, and 14 in Colorado.
By Garry Boulard
