Costco: First look at new Gold Coast complex at major shopping centre
Warehouse retailer Costco will open its first Gold Coast store and they have revealed why they were looking at the region. SEE THE PLANS
Business
Don't miss out on the headlines from Business. Followed categories will be added to My News.
WAREHOUSE retailer Costco has unveiled plans to build its first Gold Coast store at one of the city’s biggest shopping meccas at Coomera.
So now what?
Costco filed a development application with the Gold Coast City Council on Friday to build a warehouse on a 13,620sq m site at Westfield’s Coomera Town Centre.
10 THINGS YOU MAY NOT KNOW ABOUT COSTCO
The retail giant, which already has one outlet in north Brisbane and another in Ipswich, has entered an agreement with Scentre Group and Queensland Investment Corporation (QIC) to start construction of a warehouse and petrol station complex in early 2021.
‘FINAL FRONTIER’: HOW COVID WILL CHANGE THE FACE OF COAST
GOLD COAST’S 10 BIGGEST PROJECTS UNDER CONSTRUCTION
Costco managing director Patrick Noone said the rapidly growing northern Gold Coast was the “perfect location” for a new store.
“We are delighted to secure this site in the Gold Coast and continue our growth in the state,” he said.
“This will be our third Costco warehouse in Queensland, and fourteenth in Australia.
“We have had our eye on this region for some time and in that period we have seen the exciting and dynamic growth that has taken place.
“We think we have found the perfect location within Coomera Town Centre and we now look forward to obtaining our approvals and then commencing construction and getting open to the community as soon as possible thereafter.”
GOLD COAST’S 10 BIGGEST PROJECTS YET TO START
GOLD COAST 10 MOST CONTROVERSIAL DEVELOPMENTS
The project is expected to create 330 full-time and part-time positions through both the construction period and once it opens.
It will come with a 750-bay car park.
Scentre Group development director Stewart White said securing Costco was a coup for Coomera and would shore up the city’s north as a major retail hub.
“The arrival of a sought-after international retail brand such as Costco recognises the long-term growth and potential of the region and builds on our vision for the Westfield Coomera Town Centre as an unrivalled destination in retail, dining, lifestyle and entertainment for the thriving northern Gold Coast population,” he said.
“Costco is the next step in our ongoing development of the Westfield Coomera Town Centre and with planned future development on adjoining land, we’re looking forward to bringing a new level of convenience, services and experiences to our Gold Cost customers.”
The first stage of Coomera Town Centre opened in 2018.
Westfield has previously unveiled plans for stage two, which would see the shopping centre dramatically expanded, but have not indicated when the project would move forward.
Founders first: Geoff Wilson bets on market leaders
The stock picker will put to test the notion that smarter investing is about backing the ones with skin in the game.
‘A special place’: How Iceland became a Gold Coast landmark
The Gold Coast’s sole ice skating rink was a beloved venue for decades and proved popular each summer as an escape from the omnipresent heat. This is its incredible 30-year story.