APEX — Shoppers who like to buy in bulk have something to look forward to: Costco might be coming to town.
Plans for a large shopping plaza that could include a Costco outlet as its anchor store are working their way through the town approval process.
Nichols Plaza could include up to 300,000 square feet of retail, restaurant and other commercial space off Laura Duncan Road and U.S. 64.
Raleigh-based developers Ten Ten Associates are in talks with several national retailers that would be new to western Wake Count, said Ellen Dietrich of Columbia Development, which is working on the project.
Dietrich and Costco officials declined to say whether the wholesale retailer is thinking of locating in Nichols Plaza, but the store appears on the developer’s application materials.
This would be the first Costco in western Wake County and the third in the Triangle. Costco already has stores in Raleigh and Durham.
The town’s Planning Bboard is expected to consider the project Nov. 12, and the Town Council is expected to consider it Nov. 19, said Apex Planning Director Dianne Khin.
“The developer held a neighborhood meeting before submitting. Most people are very excited to be getting a Costco here in Apex,” Khin said. “Only one neighbor had concerns, and those were concerning where the animals living on the property would go.”
Nichols Plaza is expected to cost about $50million to $60million to develop, Dietrich said.
“The Apex-Cary submarket is widely considered one of the healthiest submarkets in the southeast,” she said in a statement. “The affluent customer profile in Western Wake County is attractive to some of the highest-quality retailers that are operating in the southeast.”
It’s unclear what other retailers might be part of the development.
“We are not at liberty to discuss any specific retailers at this time,” Dietrich said.
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