RICHMOND, TX (Covering Katy News) - Construction on the new Costco store in the Aliana subdivision is moving quickly. It's being built on West Airport Drive near the Grand Parkway and is scheduled to open this summer, according to NewQuest Properties, which brokered the deal.
The Costco sign was recently placed on the front. It's gas pumps are also under construction.
Late last year, NewQuest sold a 20-acre tract to Costco, which is building a 155,000-square-foot store with gas pumps.
NewQuest has been developing the 80-acre Grand at Aliana since 2018. The next phase of regional development will include multifamily units, medical facilities, freestanding restaurants, and 20,000 square feet of additional restaurant and retail space.
NewQuest Properties
Costco's future location in Richmond.
"Costco joining the Grand at Aliana validates the strength of the market and rounds out our traffic-generating anchors to further protect the long-term value of the overall project for future and existing occupants," said NewQuest president Austin Alvis.
The Issaquah, Wash.-based chain has warehouses in Katy and Sugar Land, six and 10 miles from the Grand at Aliana. Costco has 38 locations in Texas and 870 worldwide.
This story was originally published on December 11, 2023 and update on April 4, 2024 with information about the progress of construction.