Metro Vancouver's first Costco Business Centre shows signs of progress

Metro Vancouver’s first Costco Business Centre may be a ways out from opening its doors to the public, but keen shoppers in the region have spotted signs of progress at its future location.

As first reported by Daily Hive earlier this spring, the region’s first Costco Business Centre is planned for New Westminster’s Queensborough district.

Outside of its planned building at 1085 Tanaka Court, a giant sign was hung emblazoned with the words, “Coming Soon!”

The Costco Business Centre caters specifically to business customers with bulk and specialized products, in contrast to the more common Costco warehouses, which are primarily tailored for everyday shoppers.

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A Freedom of Information (FOI) request filed by Daily Hive Urbanized revealed that the City of New Westminster issued a development permit on Feb. 7, 2025.

Costco Wholesale also has major plans to add at least two more store locations in Metro Vancouver.

The site of the future Costco Business Centre spans about 13 acres, situated immediately east of Value Village and Starlight Casino, and just southwest of Queensborough Landing Outlet Mall.

Currently, the property features a warehouse store building constructed in 2011, along with a large surface parking lot. Originally built for home improvement retailer Lowe’s, the store opened in 2012 and operated until its closure in 2023. Records show local developer Beedie acquired the property for $74 million in June 2024.

The doors to the future Costco Business Centre are currently boarded up with wood, and the giant parking lot is empty, save for two heavy-duty construction vehicles.

Application files provided by the City to Daily Hive Urbanized through the FOI request indicate the Costco Business Centre concept will fully retain and repurpose the existing former Lowe’s building, with the removal of the Garden Centre’s roofing and other minor exterior modifications. This Costco location will span a floor area of about 142,400 sq. ft.

The existing parking lot will be reconfigured by increasing the width of the parking stalls from 9 ft. to 10 ft. This will reduce the number of parking stalls from 587 to 522.

Several New Westminster residents in a local Facebook group shared that they were excited for the impending opening of the new Costco Business Centre.

“You have no idea how pumped my fiancé is about this,” said one commenter.

“We’re totally stoked about this,” added another. “We used to go to Lynwood for this, and now don’t, for obvious reasons.”

However, other locals shared worries that the new store may cause traffic headaches in the area.

“Great, the traffic is going to be 10 times worse than it already is. Can’t wait,” said one person on social media.

“Yikes, the traffic over (the Queensborough) bridge is already insane,” posted another resident.

Currently, there is no indication of when this store will open. Daily Hive Urbanized has reached out to Costco for further comment.

Currently, there are 14 Costco locations across British Columbia, including seven locations within Metro Vancouver.

With files from Kenneth Chan