Costco will officially be coming to Route 17 South in Paramus, the town’s mayor confirmed on Friday.
The Paramus Planning Board approved a bid on Thursday evening for Costco to build a 184,000-square-foot location at the shuttered Kmart and Stop & Shop locations at 859 Route 17 South, NorthJersey.com reported. Paramus Mayor Chris DiPiazza welcomed the news in a statement shared on social media on Friday.
“Costco is a premier retailer in the United States, and they are choosing to call Paramus home,” he said in a Facebook post.
“They are filling an abandoned property – a vacant lot – and putting in a need. We can’t ask for much more than that. They’re keeping our commercial corridor vibrant, which helps the taxpayers, and they’re doing so with a plan to protect residents that are their neighbors as well,” he added.
The Costco was approved with unanimous consent during the Oct. 2 meeting after some local residents voiced concerns about added traffic, according to NorthJersey.com. No time frame was discussed for the construction of the new Costco.
The approval comes more than a year after DiPiazza announced Costco’s plans to bid on the vacant lots that once held a Kmart and Stop & Shop. The Kmart location in Paramus has been closed since 2014 while the Stop & Shop closed in January 2022.
The new Costco will be the store’s 21st location in New Jersey and will join other North Jersey locations including Teterboro, Clifton and Wayne.
Costco is a membership warehouse club known for its wide selection of products often sold in bulk at low prices. It is a leader in consumer satisfaction, with a score of 82 on the American Customer Satisfaction Index.
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