City Manager Brandon Wade said the membership-only warehouse club will provide the city with destination retail when it opens in 2018. The timeline, Wade said, could include construction starting by the end of the year with a mid-2018 opening.
Situated on 16 acres at the southeast corner of SH 130 and SH 45 N, the Costco property will include a fuel station and liquor store for members, along with several other businesses.
“We’ve been visiting with them for a couple of years now, and we are very excited about this opportunity,” Wade said. “It’s extraordinarily positive for Pflugerville. To have a major tenant on that side of town and the hospital going in will be a major development for us.”
The Costco effect on sales tax income to the city, Wade said, is similar to the entire Stone Hill Town Center development, which includes a Target, Ross, Dick’s Sporting Goods, Best Buy, Home Depot, Cinemark and dozens of stores and restaurants.
“It’s a good amount of sales tax,” Wade said.
Wade said Costco spent much time performing due diligence with the property, taking a similar approach before building the Cedar Park store.
“They are very thorough, and that makes this very satisfying,” Wade said. “They wanted to make sure it worked.”
Costco’s next step, said Assistant City Manager Trey Fletcher, will be to formally submit site plans and go through the permitting process as the city does “minor extensions and improvements to infrastructure.” Rezoning will not be needed.
The city and Costco are working with the Pflugerville Community Development Corp. on an incentive package. More details will follow, Wade said.
Costco sells food, appliances, electronics, mattresses, tires, floral products, patio furniture, lawn and garden items, office products, clothing, luggage, health and beauty items, sports gear, and household and pet products. There are business, optical and pharmacy departments, among others.
In September, Community Impact Newspaper announced Costco was coming to Pflugerville, but a timeline was not available.