Exciting developments are underway just a short drive from Somerset Park—Costco is officially opening a new location in Prosper, Texas! The highly anticipated store will be situated at the intersection of FM 1385 and US 380, making it the first-ever Costco in Prosper. This announcement has been met with enthusiasm by local officials and residents alike, as it marks a major milestone for the town and surrounding communities.

What to Expect from the New Costco

The Prosper location will bring everything we love about Costco, including a wide variety of high-quality products at unbeatable prices. Shoppers can look forward to:

• Groceries – From bulk pantry staples to fresh produce and organic options.
• Electronics – Including the latest gadgets and home essentials.
• Furniture & Home Goods – Stylish, durable items for every room in your home.
• Everyday Necessities – Cleaning supplies, clothing, seasonal décor, and more.

With its convenient location at the northeast corner of FM 1385 and University Drive (US 380), this Costco promises to draw shoppers from across the area.

Economic Benefits for Prosper

The addition of Costco is more than just retail—it’s a significant boost to the local economy. According to the Prosper Economic Development Corporation (EDC), the store will bring new jobs and increase both sales tax and property tax revenues. These funds will help the Town of Prosper enhance its infrastructure and maintain its high-quality school district.

Mayor David Bristol shared his excitement about the project, stating, “The Town Council and our community are very excited to welcome Costco to Prosper. Personally, I am very thankful for all the work that the Costco team and the staff of the Town of Prosper and the Prosper EDC put in to make this a reality. We are all excited to have a new partner for economic growth in our community!”

Construction Progress

Construction for the Prosper Costco began in March 2024, with an estimated cost of $17.5 million, according to filings with the Texas Department of Licensing and Regulation (TDLR). While exact timelines are still subject to change, local officials are eager to see this project take shape and welcome Costco as an integral part of the Prosper community.

A Retail Destination for All

Jordan Simms, President of the Prosper Economic Development Corporation, emphasized the broader impact of the new Costco: “Costco will bring additional jobs to the fast-growing community. And more importantly, they will bring additional sales tax and property tax revenues that will help Prosper fund town infrastructure and the school district to ensure we maintain our high standards. We look forward to working with Costco to open the Prosper location as they serve both Prosper residents and the surrounding communities.”

What This Means for Somerset Park Residents

For Somerset Park residents, the Prosper Costco will be just a short drive away, offering unparalleled convenience for everything from grocery runs to holiday shopping. The addition of Costco solidifies the area’s growth as a vibrant hub of retail and community activity.

We’ll keep you updated as construction progresses and opening dates are announced. In the meantime, get ready for all the perks of having a Costco close to home—bulk goodies, great deals, and maybe even a famous $1.50 hot dog combo!

Are you as excited as we are about Costco coming to Prosper? Share your thoughts in the comments below!