ST. ALBERT, AB, April 30, 2013 /CNW/ - St. Albert, Alberta, and area
residents and businesses will now have a Costco store closer to home as
Costco Wholesale Canada Ltd. sets to open a warehouse, liquor store and
gas bar in about six months at the north end of the city.
"St. Albert has long been a sought after community in the metro Edmonton
market. This new warehouse provides added convenience for members
currently commuting in from St. Albert and other communities around
Edmonton," says Costco's Russ Miller, Senior Vice-president & General
Manager, Western Canada, adding that the new Costco Wholesale warehouse
in St. Albert will be their sixth in the Edmonton area and 15th in the
province. "Costco makes site locations based on their understanding of
their members, such as where they reside and how far they travel to get
to a store, quantity of purchasing and other analytics that determine
demand and the potential profitability of a new store."
"An international retailer/wholesaler like Costco is a welcome and
important addition to the community. Their presence will be a catalyst
to further development by Cameron Developments of the 46 acres of land
adjacent to Costco, as well as providing local jobs," says Guy Boston,
Executive Director, Economic Development Division for the City of St.
Albert. Costco typically hires 200-250 people to work at each location,
and about half of the positions are full time.
"The City worked with Landrex, the proponents of the development, and
with Costco on ensuring this complex deal was accomplished as a win for
all involved," adds Boston. St. Albert is set to double its population
over the next couple of decades and currently, there are approximately
7,500 units of residential housing under development or being planned
for that growth. St. Albert currently has 24,000 households that are
home to some 61,000 people. "Residential growth provides the labour
market needed for economic development; and St. Albert's growth is
picking up the pace. This is good for existing businesses and makes it
attractive for developers and investors. St. Albert is ranked among the
top five places to invest in Alberta by the Canadian Real Estate
Investment Network because of the concrete investments and policy
decisions that we have made to become an employment center. Coupled
with the over 600 acres of light industrial lands that have recently
come on line, St. Albert is on the shopping list of investors and
developers looking for sites."
The store is located at 1075 St. Albert Trail south of Neil Ross Road.
With over 148,000 square feet of retail space, the new warehouse will
feature many of the same great specialty departments offering some
4,000 top quality products as are found in the other regional
locations, at low warehouse prices. Costco offers a wide range of
products and services to meet its members' personal needs while helping
small businesses save on items for resale and the supplies they need.
About Costco Wholesale
Costco Wholesale currently operates 626 warehouses in North America and
elsewhere in the world. In 1985, Costco Wholesale opened its first
warehouse in Canada in Burnaby, B.C. Costco now boasts 85 warehouses
in Canada, including 14 in Alberta, 5 in the Edmonton area and has just
under 25,000 employees in Canada, including over 4,200 in Alberta
SOURCE: City of St. Albert
For further information:
City of St. Albert
Costco Wholesale Canada Ltd.