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Costco Announces It Will Open New Moncton Store This Fall

The Costco in Mississauga, Ont. (Image: The Canadian Press/Nathan Denette)

MONCTON – Costco Wholesale Corp. has announced that it will open its new expanded warehouse and gas bar at the corner of Elmwood Drive and the TransCanada highway in the fall of this year.

“We are thrilled to make this official – we are ready to move forward with plans for our new Moncton warehouse in Granite Centre,” said Pierre Riel, Senior Vice-president and General Manager of Costco Wholesale for Eastern Canada, said in a release.

“We have very loyal members in the region and have had our sights on growing our facility for a while. We know our members won’t be disappointed with what is to come.”

The company is taking steps forward after the city’s Planning Advisory Committee approved the plans in February, according to a release.

The new location will be the largest in New Brunswick, with a 154,000-square-foot building to be constructed on nearly 17 acres of land.

It will also include 849 parking spaces and a four-island gas bar across, with space for a potential future expansion, the company said.

“We are absolutely thrilled Costco will be calling Granite Drive home.  They are fully on board with our vision for Granite Centre,” said Alvin Leger, President of Lumel Holdings Inc., in the release.

“As a state-of-the-art experience-based retail centre, Granite Centre will add greatly to the consumer landscape in Greater Moncton.”

Lumel Holdings is the local developer working on Granite Centre, along with property sales and leasing firm Colliers International.

Costco is the site’s first anchor tenant, but another retailer is also moving to the Granite Centre. Leger previously said the Elmwood Home Hardware would be relocating there.

“We’re pleased we were able to help to bring forward this new strategic vision for retail in Greater Moncton,” said Bill Hennessey, Managing Director of Colliers International NB, in the release.

“The new Costco and Granite Centre will be great assets for the Greater Moncton retail sector. Congratulations to both Costco and Lumel Holdings!”

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