Getting ready for Costco

Commerce Work preparing the site for the big box store should be completed by this summer

SAINT JOHN - The land deal is complete and site work has begun for the new Costco store coming to Saint John.

 

                                     

                   Troy Northrup on the Costco site as they continue to bring the elevation down.

The store will be located on Retail Drive and will become newest addition to East Point Shopping.

Troy Northrup, the man behind the East Point development, says he's excited about getting to work on preparing the site.

"Absolutely, it's very satisfying to see the activity and I think it's great for the city," Northrup said.

With the land transaction complete, Northrup said a cut and fill of the land has begun.

"We'll be preparing the pad over the next few months and everybody will see lots of activity in the area," he said.

"If you look at the typography, there's low points and high points. We're cutting the high points off and putting it in the low spots to level the site.

"It's very similar to what we did with Home Depot."

The Costco site is approximately 13 acres and Northrup expects the site work and pad to be completed by the end of July or early August.

"As far as any further dates, I can't confirm at this time," he said of a possible opening date for the store.

Costco Wholesale Corporation is the largest membership warehouse club chain in the world based on sales volume.

Costco will join other big name retailers and restaurants in the East Point development including Indigo Books and Music, Home Depot and Starbucks.

"This latest construction is a continuation of the process that started with Home Depot a few years ago. It continued with the opening of Hampton Inn, Indigo Books and Music, Starbucks, Montana's Cookhouse and many fashion shops," Northrup said.

"We are extremely pleased with the consumer support we are seeing at East Point and look forward to making a number of new announcements soon."

Northrup would not elaborate on what some of the announcements might be.

Some business owners on Rothesay Avenue had expressed concern the Costco development could cause major flooding problems to their low-lying operations during heavy rainfall. Storm water management consultant Ron Hiltz has said the Costco site will pose less of a flood risk when the retail store is built than it does now after crews install a storm water drainage system that will exceed the city's requirements.

Published Tuesday March 31st, 2009 - Telegraph Journal

Costco to open next spring

Commerce The number of small businesses in city helped bring giant retailer to Saint John

SAINT JOHN - Costco is targeting an opening date of spring 2010 for its new Saint John location.

Costco Canada spokesman Ron Damiani confirmed the date Tuesday.

"For us, getting into the Saint John market was very important," Damiani said.

The wholesale retailer will construct the store on Retail Drive in the East Point Shopping development.

Costco Wholesale Corporation is the largest membership warehouse club chain in the world based on sales volume.

Damiani said the company wanted to move into the Saint John market because of three factors: population size, population demographics and the number of small businesses operating in the city.

"Wholesale is essentially what we are and we consider ourselves to be a hybrid retailer," Damiani said.

"We act as a wholesaler for small business owners because they often don't have a lot of leverage.

"One of our most important customers are small business owners."

East Point developer Troy Northrup confirmed Monday the land transaction enabling Costco to come to town has been finalized and work to prepare the site was underway. The store will sit on approximately 13 acres in the East Point development.

Crews will work to level the site and prepare the pad for the store.

Northrup is targeting late July or early August as a completion date for the site work.

The store will be Costco's second in New Brunswick. Costco has been operating in Moncton since 1995.

Published Wednesday April 1st, 2009 Telegraph Journal