New Fort Myers Costco to Replace Existing Store
The retailer is moving to a 55-acre site to resolve ongoing overcrowding at its current Cypress Lake Drive location.
Updated on Oct. 22, 2026 in Openings & Closings
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Construction is underway for a new, larger Costco location in Fort Myers at the intersection of Colonial Boulevard and Plantation Road. The new store will replace the current, overcrowded facility on Cypress Lake Drive, situated 5.5 miles away.
Why it matters
The relocation aims to alleviate chronic overcrowding at the existing site, providing increased capacity and an expanded gas station footprint to handle higher traffic volumes. This shift represents a tactical upgrade to the company's regional logistics.
The new site encompasses 55 acres, marking a significant scale-up compared to the current facility. The project is part of a broader corporate expansion plan that includes 28 new stores across the United States.
The players
Costco
A global warehouse club retailer operating on a membership-based model with $65 Gold Star and $130 Executive annual fees.
The details
The development follows a standard construction cycle that typically spans 110 days from the start of site work. By transitioning to this larger property, the operator intends to resolve congestion issues affecting the customer experience. The project is one of several regional investments, including a separate Costco location currently under construction in Naples.
Timeline
March 5, 2026: CEO announces plans for 28 new U.S. stores.
Fall 2026: Expected opening of the Naples Costco location.
2027: Expected appearance on Costco's coming-soon site list.
Market Landscape
The Fort Myers project follows the strategy established by Costco's 2026 U.S. expansion plan, prioritizing larger sites to replace constrained older assets. This development mirrors the company's consistent model of replacing high-volume stores that have outgrown their physical capacity.
Local business operators should monitor local traffic patterns near Colonial Boulevard as the 110-day construction timeline progresses. Managers should also account for potential shifts in customer volume once the new, higher-capacity facility opens in 2027.
The takeaway
The move underscores the importance of monitoring facility throughput metrics to determine when a location has reached its operational ceiling. Operators should track Costco's 'coming-soon' site list for 2027 to anticipate changes in regional retail traffic flow.
Further reading
For more updates on regional infrastructure, visit our Openings & Closings section.
Source note: This article includes information reported by The News-Press.
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