The long-awaited first Costco Wholesale store in the Dayton area is scheduled to open this November in The Cornerstone of Centerville, developer Oberer Companies announced this morning.
Final details of the agreement between Costco and Oberer Companies were completed on Monday for the 148,000-square-foot store and fuel station, which will employ 200 people and will anchor phase one of the Cornerstone of Centerville project at Wilmington Pike and Feedwire Road, just off I-675.
“Costco’s presence will serve as a catalyst to trigger additional development activity” within the 156- acre Cornerstone at Centerville site, said George Oberer Jr., Oberer Companies CEO.
Several other companies, including Fresh Thyme and Kroger, are exploring the possibility of building stores in the mixed-use development. Kroger spokeswoman Rachael Betzler said this morning that there has been no change in status of Kroger’s potential involvement at the site since February: “The location has been presented to us. No decisions have been made,” Betzler said.
Chris Conley, who brokered the deal with Costco as president of Oberer Realty Services, said in a news release that, “The Cornerstone of Centerville’s strategic market location, easy accessibility and strong demographics were all key factors in Costco’s decision to enter the Dayton market with this site selection.
“Costco customers will come from 30 plus miles to visit this location.”
Costco has purchased about 17 acres for its store and its footprint for about $6.3 million, according to a spokeswoman for Oberer Companies.
Costco operates two stores in the Cincinnati area and two in the Columbus area, but has not entered the Dayton-area market until now.
The former Dille family home and trees surrounding the home were razed earlier this year in preparation for construction of the Costco store and for the Cornerstone development’s first phase, a 40-acre tract that is projected to include Costco and as many as half a dozen outlots, Centerville city officials said in February.