New Costco Coming to Cypress, Likely at Grand Parkway and FM 529 Near Elyson and Marvida
Big-box convenience may soon get a little closer to home for residents in the Elyson and Marvida communities. New filings with the state of Texas indicate that Costco Wholesale is preparing to build a new 160,000-square-foot warehouse and fuel facility in Cypress, with a strong possibility of this new Costco store coming to the northeast quadrant of Grand Parkway (SH 99) and FM 529, just east of Elyson and across from Cypress Park High School.
While NewQuest Properties’ current marketing brochure for the site no longer illustrates specific site configurations for the development, earlier versions strongly indicated that Costco would be anchoring the project, noting a "Proposed Wholesale Store" totaling 167,000 SF at this location. Permits registered this month for Costco in Cypress confirm a large-scale warehouse structure and fuel center at the location—aligning with the typical blueprint of a Costco warehouse shown in a previous version of NewQuest's site plan for Grand Parkway at FM 529.
NewQuest, a Houston-based commercial real estate developer, is spearheading the transformation of this intersection into a retail destination. Known for bringing in major national anchors like H-E-B, Target, and Costco across Texas, NewQuest plays a key role in shaping new shopping corridors across Greater Houston—particularly in fast-growing suburbs like Cypress.
The project is scheduled to begin construction in March 2026, with a projected completion date of November 6, 2026.
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A Retail Powerhouse with Community Appeal
Founded in 1983, Costco has grown into one of the largest and most beloved wholesale club retailers in the U.S. With more than 600 warehouse locations across the country, the brand has become known for its membership-based model, bulk savings, high-quality store-brand products, and generous return policy.
From fresh produce and groceries to electronics, furniture, pharmacy services, and even travel deals, Costco offers a wide variety of products and services under one roof—all with a focus on value and efficiency. Shoppers can also fuel up at the store’s popular gas stations, which typically offer lower-than-average prices to members.
The proposed Cypress Grand Parkway location would include a separate 11,680-square-foot fuel center with a 4x4 pump layout and a 197-square-foot kiosk.
A Convenient Middle Ground
If confirmed, this new Elyson-area Costco would serve as a midpoint between two already-busy stores in the region:
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The Cypress location on Northwest Freeway (26960 Northwest Fwy, Cypress, TX 77433), which opened in 2017 and will soon undergo a parking lot expansion to manage heavy customer volume.
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The Katy location at I-10 and Grand Parkway (23645 Katy Fwy, Katy, TX 77494), which opened in 2014, also remains consistently crowded, especially on weekends and around holidays.
Both existing warehouses regularly see packed parking lots and long gas lines—especially as nearby neighborhoods continue to grow. A third location would not only serve Elyson, Marvida, and Cypress Park families more directly, but also help relieve congestion across the regional Costco network.
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Elyson, Marvida, and the Future of FM 529
The intersection of Grand Parkway and FM 529 is fast becoming a commercial hot spot, with ongoing residential growth and new development springing up around it. Elyson, a major master-planned community, sits just west of the proposed site, while Marvida and several CFISD campuses, including Cypress Park High School, lie directly adjacent.
For families already navigating busy schedules and packed grocery runs, having a Costco just minutes away could be a welcome addition.
What’s Next?
Though Costco has not yet made a formal announcement, the development timeline and scope of work align closely with previous store projects. The registration of both a retail warehouse and a fuel facility—valued together at over $67 million—indicates serious forward motion.
As new details are confirmed, My Neighborhood News will keep readers in Elyson, Marvida, and across Cypress updated with everything from groundbreakings to grand openings.
Tiffany Krenek has been on the My Neighborhood News team since August 2021. She is passionate about curating and sharing content that enriches the lives of our readers in a personal, meaningful way. A loving mother and wife, Tiffany and her family live in the West Houston/Cypress region.
