WASHINGTON (CBSDC) — Costco is finally coming to the District.

Ground was broken at the long-awaited Shops at Dakota Crossing shopping center in Northeast on Thursday.

The 430,000 square foot retail outlet will include a number of big national chains including Shoppers Food Warehouse, Marshalls and the aforementioned Costco.

In addition, a number of restaurants and a fitness center will be featured.

Construction of the shops is expected to cost $60 million. The development has been at least partially funded by the District according to The Washington Post.

However, officials believe the project will generate 1,200 jobs and over $634,000,000 in tax revenues for the District of Columbia over the next 30 years.

The Shops at Dakota will reside at the intersection of Fort Lincoln Drive and 33rd Place, NE.

District officials are hopeful the development will prevent the city from losing shoppers to neighboring Virginia and Maryland.