Costco has announced that it plans to open around March 1 in Reynolds Ranch development on Harney Lane and Highway 99. The retailer, which will be the anchor of the shopping center, closed escrow on Tuesday, Mayor Phil Katzakian said.
The developer is planning to clear the vineyard and tear down homes and the former Moose Lodge starting in September, Councilman Larry Hansen said.
Costco plans to start construction on Nov. 1, Hansen said. It takes the corporate giant 110 days to build a store.
"I have been in favor of this development from day one. For me, having retail on the freeway is the perfect scenario," he said.
Costco is one of the top three sales tax generators in the country, Hansen said.
It will be a 154,114-square-foot store with a 16-pump gas station on a 15-acre lot. The retailer will hire 150 part-time employees and 150 full-time workers with benefits.
Now that Costco is confirmed, Hansen hopes more businesses will start looking at Lodi. He is not sure where Home Depot, another anchor, is in the development process.
"I think we will start hearing commitments," Hansen said. "Until Costco confirmed, the others were not really committing."
Other retailers are only speculating at this point, but he knows people are hoping for restaurants in the shopping center.
Costco is a membership-only retailer that sells many wholesale goods in bulk. According to the proposal, the store will stock more than 4,000 retail products and will include a bakery, pharmacy, optical center, hearing aid testing center, food court and a photo center. There also will be a 5,692-square-foot Tire Center.