Hundreds of jobs coming to Port St. Lucie with development of new Costco facilities
January 11, 2024

by Troy Myers |

Two facilities totaling roughly 1.87 million square feet, employing more than 500 people and requiring hundreds more just to build the depots, were approved by the Port St. Lucie City Council in early December. Sansone Group’s Legacy Park at Tradition will be its home.

Phase One of the massive project is estimated to cost over $70 million.

The first phase in the multi-step plan includes construction of a 595,000-square-foot cold and dry storage facility. This building will require around 265 employees with an average income of $55,350, a news release said. Labor income from Phase One’s construction is expected to exceed $25 million with indirect, direct and induced labor income surpassing $35 million.

“The reality is that the jobs this Costco depot will bring us, at well above our county’s average wage, will make a huge, positive difference in the lives of 265 local families and the lives of the many others these families touch – and that’s for the first phase alone,” Port St. Lucie Mayor Shannon Martin said.

The cold and dry storage facility will cost around $55 million with equipment costing $16 million, according to the Economic Development Council (EDC) of St. Lucie County news release.

Phase Two is another colossal undertaking: development of a 1.06-million-square-foot dry goods distribution center. Additionally, two future expansion areas for cold storage and dry storage buildings are part of the plan, sized to be 60,000 and 147,500 square feet, respectively.

President of the EDC of St. Lucie County Pete Tesch praised developments from the past five years in Southern Grove, a large 200-acre piece of land housing other manufacturing giants in Port St. Lucie.

What was once a “financial liability” is now a “vibrant jobs engine,” benefitting the municipalities’ residents for future generations, Tesch said about the Southern Grove area.

The mayor expressed her excitement about the addition of another globally recognized company coming to the area, which holds facilities for FedEx and Amazon. Local and regional employers are also in the same “Jobs Corridor,” like OCULUS Surgical, TAMCO and Cheney Brothers, the news release said.

The Port St. Lucie City Council approved an incentive package Monday for Costco.

This includes tax exemptions for real and tangible personal property for five years at 100 percent. Once that time is up, it will decrease to 90, 80, 60, 40 then 20 percent for the next five years, according to the news release. Projects with incentives are still required to fully pay school, fire, voter-approved debt and other taxes.

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