Costco is considering building store in Lake Stevens

The Issaquah-based chain is doing due diligence on the property, which is mostly owned by the city.

LAKE STEVENS — Costco is considering a new store on a piece of property at Highway 9 and 20th Street, according to the Lake Stevens mayor.

The Issaquah-based chain is doing due diligence on the property, which is mostly owned by the city, Mayor John Spencer said. The area is 15 to 18 acres; part of the land isn’t able to be developed because wetlands, topography and geology, he said.

“I’m very optimistic that we’ll have an opportunity to have a Costco here,” Spencer said. “To go any further than that is not possible because the feasibility studies aren’t done and we’re not sure what we’ll learn.”

Costco has a policy not to talk about future locations until three or four months before development, said Muriel Cooper, a Costco spokeswoman. The average size of a Costco warehouse store is 144,500 square feet. The number of employees varies from store to store, she wrote.

Costco started studying the property this spring and the studies could take up to a year, Spencer said. But he said the city could have a better idea about the likelihood of the project by this summer.

The City Council would need to make the final decision on whether to sell the property to Costco and what conditions need to be met for development.

County records show the city owns a little more than 13 acres at the intersection. The city took possession of the property about a year ago when it swapped land on Grade Road for the property along Highway 9.

Another developer wants to build senior housing on the land at Grade Road, Spencer said. The area Costco is studying along Highway 9 of Lake Stevens is aimed for commercial development.

Costco has been rumored for months on social media to be considering a Lake Stevens store, but nothing previously had been confirmed, Spencer acknowledged.

“They’re such a large corporation it’s hard for them to keep a secret,” he said.

There are currently four Costco Wholesale stores in Snohomish County — one each in Smokey Point, Everett, Lynnwood and North Creek. There’s also a smaller Costco Business Center in Lynnwood.

Costco would boost sales tax revenues for the city, Spencer said. And many residents already travel outside of Lake Stevens to get to the wholesaler.

Costco building along Highway 9 could spur more economic development, Spencer said.

A store of that size would also draw a lot of traffic. Spencer said that’s part of the studies being conducted, to determine the amount of traffic and what improvements would need to be done. He said the city would confer with the Washington State Department of Transportation.

“I doubt the morning commute would be affected much by Costco,” Spencer said. “The afternoon commute could be impacted. We’ll have to work with WSDOT on how to deal with that on Highway 9.”

Costco isn’t the only big-box store eyeing development along the Highway 9 corridor. Lowes Home Improvement is looking to build a 121,000-square-foot store in southeast Marysville at Highway 9 and Soper Hill Road.

Jim Davis: 425-339-3097; jdavis@heraldnet.com. Twitter: @HBJnews.

Talk to us

More in Herald Business Journal

The tower of Paine Field Airport stands in a fog bank forcing flights to be averted or cancelled in Everett, Washington on January 25, 2022. (Kevin Clark / The Herald)
More 5G-related cancellations as Paine Field fog persists

The FAA has not cleared certain planes to land in low visibility in Everett due to nearby 5G cellular towers.

Funko mascots Freddy Funko roll past on a conveyor belt in the Pop! Factory of the company's new flagship store on Aug. 18, 2017.  (Dan Bates / The Herald)
Despite Arizona move, Everett leaders expect Funko HQ to stay

The toymaker is closing Everett warehouses. But a recent “HQ2” expansion has the city confident Funko will remain rooted here.

Meat dishes color icons set. Steak, beef ribs, chicken legs, burger. Fast food. Butcher shop product. Restaurant, grill bar, steakhouse menu. Isolated vector illustrations
Best place to go for BBQ in Snohomish County

You voted, we tallied, here are the results.

2021 survey results from the State Broadband Survey for Snohomish County. (Washington State Department of Commerce)
$16M grant to speed up broadband to north Snohomish County

In Darrington and elsewhere, rural residents have struggled to work remotely during the pandemic. A new project aims to help.

FILE - In this March 31, 2017, file photo, Boeing employees stand near the new Boeing 787-10 Dreamliner at the company's facility in South Carolina after conducting its first test flight at Charleston International Airport in North Charleston, S.C.  The International Association of Machinist says six of its earliest and most vocal members have been fired at Boeing’s South Carolina plant, months after some employees at the sprawling North Charleston campus voted to join the union.  The Machinists tell The Associated Press that half a dozen employees were terminated from the North Charleston production facilities earlier in 2018. (AP Photo/Mic Smith, File)
Boeing posts $4 billion loss tied to problems with 787 jet

Manufacturing problems with the Dreamliner will add $2 billion to the company’s production costs.

An Alaska Airlines Embraer 175 airplane bound for Portland, Ore., takes off Monday, March 4, 2019, at Paine Field in Everett, Wash. The flight was the first flight on the inaugural day for commercial passenger flights from the airport. Alaska Airlines began scheduled flights Monday, and United Airlines will begin commercial flights on March 31, 2019. (AP Photo/Ted S. Warren)
5G-related airline cancellations arrive at Paine Field

One type of plane serving Everett is subject to restrictions due to feared cellular phone interference with navigation.

Funko warehouse in Everett. (Kevin Clark / The Herald)
Funko to close Everett warehouses, shift work to Arizona

The company headquarters are currently in downtown Everett, but distribution will move to a Phoenix suburb.

FILE - Washington Attorney General Bob Ferguson talks to reporters, Monday, Aug. 26, 2019, during a news conference in Seattle. In a 5-4 decision Thursday, Jan. 20, 2022, the Washington Supreme Court upheld an $18 million campaign finance penalty against the Consumer Brands Association, formerly known as the Grocery Manufacturers Association. Ferguson sued the group in 2013, alleging that it spent $11 million to oppose a ballot initiative without registering as a political committee or disclosing the source of the money. (AP Photo/Ted S. Warren)
Washington justices uphold $18M fine in GMO-labeling case

Big grocers funneled dark money into a campaign against genetically modified labels on food packaging.

In this photo taken May 17, 2017, wine barrels are shown at a vineyard adjacent to the Walla Walla Vintners winery in Walla Walla, Wash. The remote southeastern Washington town of Walla Walla - which used to be best known for sweet onions and as home of the state penitentiary - has now reinvented itself into a center of premium wines and wine tourism. (AP Photo/Nicholas K. Geranios)
More sustainable Washington wines are on the way

Labels will indicate grape growers met guidelines in 9 areas, including water, pest and labor practices.

Most Read