WASHINGTON (CBSDC) – D.C. residents looking to stock their kitchens for the winter will be pleased to hear the District’s first Costco is set to open Thursday.
According to DCist, a 154,000-square-foot Costco will open its doors to customers at Dakota Crossing in the Fort Lincoln area of Ward 5.
The nationwide wholesale chain is equally welcomed by local officials, according to the report, who claim an annual loss of $1 billion in retail due to a sufficient lack of stores in the city.
Victor Hoskins, the Deputy Mayor for Planning and Economic Development told the paper all the money that will be spent at the new shopping center is money that would usually find its way outside city limits – to places like the Costco at Pentagon City.
DCist says Costco won’t be moving into the neighborhood alone. A new Shoppers Food Warehouse and Marshalls are also in the development plans for the community, with new residences tethered to the site as well.
The 42-acre development is expected to haul in $364 million in tax revenue over the next 30 years.