Port St. Lucie Board Poised to Greenlight Costco's 22.8-Acre Land Deal

Port St. Lucie's Governmental Finance Corporation will meet Monday to consider a purchase and sale agreement with Costco Wholesale for roughly 22.8 acres of land in Southern Grove, a move that could bring a 170,000-square-foot retail store and gas station to the city's western corridor.

The proposed store would be built west of Interstate 95, south of Tradition Parkway and north of Southwest Becker Road — adjacent to a Costco distribution depot currently under construction. If the GFC board approves the agreement, Costco Wholesale could move forward with construction plans, according to the city.

City officials said Thursday that a Costco store "has been a top request from residents for many years." The GFC, a not-for-profit corporation created by the city to finance and manage capital projects related to real estate assets, is governed by a board made up of all five City Council members.

The proposed retail location sits next to a Costco distribution depot expected to open this month and projected to employ more than 500 people, adding to the commercial momentum building in the Southern Grove area.

The proposed Port St. Lucie store would follow the first Costco on the Treasure Coast — a 160,000-square-foot location off Kanner Highway in Stuart — which opened last year after years of debate. The new store, at 170,000 square feet, would be larger than the Stuart location.

The GFC board will meet at noon Monday at Port St. Lucie City Hall to review the formal purchase and sale agreement that would set the legal terms for the land transaction.

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