Costco Wholesale has officially purchased the land of its new store in Davenport.
Chris Wilkins, vice president and Director of NAI Ruhl Commercial Company, confirmed the sale closed Friday, allowing Costco to move forward with constructing a 156,170-square-foot building and fuel station near Fairhaven Road and East 53rd Street.
“The addition of Costco to the Quad Cities economy will be not only good for the consumers, but they will offer tremendous employment opportunities to the Quad Cities labor pool,” Wilkins said in news release.
The Davenport City Council approved rezoning the 17.88-acre property in August from A-1 agriculture and R-1 and R-2 low density residential to a Planned Development District.
Last month, city officials told residents during a 6th Ward meeting that the property had not yet been purchased as Costco was waiting on approval of permits.
With the sale completed, construction is still scheduled to begin in early spring, weather dependent, with the project completed by late fall.