Prosper is the latest north DFW suburb to add Costco to its list of retailers.
Costco Wholesale plans to begin construction on a $17.5M project in March 2024, and it expects to complete the project that October, a permit filed with the state shows.
The 160K SF facility will be located at the northeast corner of West University Drive and FM 1385 and will also include an adjacent fuel station.
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The project was greenlighted by Prosper Town Council in late February following approval of a zoning change to allow for big-box retail. The 64-acre development, known as Westside, will also include 243 multifamily units, retail and an extended-stay hotel, according to council documents.
Mayor David Bristol said he hopes the Costco in Prosper will be as successful as the location in Plano, where the parking lot is full and “everybody has carts full of stuff.”
“I want to see this go as soon as possible,” Bristol said during the Feb. 28 meeting. “There were sales tax dollars all over the place there.”
The Westside development is planned to be built in two phases and take between 18 and 60 months to complete, according to council documents.
Prosper’s neighbor to the north, the city of Celina, is also preparing to welcome a Costco. Elected officials in September approved that project, planned at the corner of Ownsby Parkway and Preston Road, according to Local Profile.
The membership-based retailer offers food, electronics, furniture, jewelry, pharmacy services, automotive supplies and more. Costco’s website shows there are 13 existing locations across the Metroplex.
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