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Stuart Today
By the People, for the People
New Development Planned Next to Stuart Costco Store
Bank, shopping, and restaurant space under construction on vacant property
Mar. 11, 2026 at 9:04am
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A new development featuring a bank, shopping, and restaurant space is being built on vacant property north of the Costco store in Stuart, Florida. The Costco store, the company's first on the Treasure Coast, opened in April 2025 and includes an 18-pump gas station. The overall Costco development, approved by the city in 2021, also includes plans for more than 375 apartments on the 49-acre property.
Why it matters
The new development is part of the larger Costco project that is transforming the area around the recently opened Stuart store. This signals continued growth and investment in the local economy, providing new commercial and residential options for the community.
The details
The new construction project includes a bank, additional shopping, and restaurant space on vacant land north of the existing Costco store. The overall 49-acre Costco development, approved by the city of Stuart in 2021, also includes plans for more than 375 apartments on the property.
- The Costco store in Stuart opened on April 25, 2025.
- The Costco gas station opened 4.5 weeks prior to the store, in early April 2025.
The players
M&M Realty Partners
The developer overseeing the Costco development project in Stuart.
City of Stuart
The local government that approved the overall Costco development plan in 2021.
What’s next
The developer, M&M Realty Partners, has not responded to requests for comment on the timeline or specific details of the new construction project.
The takeaway
The new development adjacent to the recently opened Costco store in Stuart is part of the larger plan to transform the area, providing new commercial and residential options that signal continued growth and investment in the local economy.
