KATY - Construction is underway on a Costco Wholesale store at the southwest corner of I-10 and the Grand Pkwy. slated to open in first quarter 2014.
Trammel Crow Houston is in charge of development for the 123-acre Grand Crossing site. Construction on the more than 100,000-sf building is moving faster than originally anticipated.
The Houston City Council approved a tax abatement for Costco, allowing the store to be repaid for infrastructure expenses up to $1 million. Houston will receive an estimated $8 million in sales tax revenue over time.
The new Katy store will mark Costco’s fifth Houston area location.
Our twice-weekly e-newsletter provides a quick overview of Texas real estate markets. Because your time is valuable.