Costco South Reno (proposed)
Costco South Reno (proposed): a 161,600 SF warehouse and fuel station pre-application at S. Virginia and Veterans Parkway in Reno, NV. No permit yet.
Project facts
- Status
- Proposed
- Submarket
- South Reno
- Address
- South Virginia Street and Veterans Parkway, Reno, NV (corner between The Summit and the Ladera master plan)
- Size
- ~181,900 SF total (~161,600 SF warehouse)
- Developer
- TBD (pre-application submitted by Costco, per City of Reno planning filings)
- Timeline
- Pre-application stage as of September 2026, per the City of Reno; formal permit and opening date TBD
- Last updated
- Committed tenants
- Costco
What it is
Costco South Reno is a proposed third Reno-Sparks Costco: a roughly 161,600 SF warehouse with a 20-dispenser fuel station, about 181,900 SF total, at South Virginia Street and Veterans Parkway, per City of Reno planning filings. Status as of September 2026: pre-application only, no formal permit.
The Reno Gazette-Journal has reported the warehouse would be one component of a larger retail center planned at the corner, per our July permit watch and fall 2026 update. Background: our May 2026 market trends post and June 2026 pipeline guide. All projects: the What's Coming to Reno hub.
Status as of September 2026
Proposed. The site is at the pre-application stage with the City of Reno, per our fall 2026 tracker update; a formal permit application is the next step, and we will update this page when a site plan is filed. Our Q2 2026 report recorded the same as of quarter-end: a pre-planning application on file.
What changed this summer is context, not paperwork. The corner sits between The Summit and the 161-acre Ladera master plan, which Reno City Council approved July 22, 5-1, with roughly 39 acres of Neighborhood Commercial zoning, per NVBEX. In Ian Cochran's view, this is the only stretch of South Virginia with large-format land left.
Timeline
- Filing date: TBD. The pre-application was on file by May 2026, when we first reported it.
- June 2026: Our pipeline guide records the pre-application detail: 161,600 SF warehouse, 20-dispenser fuel station, roughly 181,900 SF total, per City of Reno planning filings. No formal permits pulled.
- July 2026: Still no formal permit on file, per the City of Reno. The Reno Gazette-Journal reports the warehouse as one piece of a larger retail center, per our July permit watch.
- July 22, 2026: Council approves the adjacent Ladera master plan, per NVBEX; nothing there before 2028.
- August 14, 2026: Our Q2 2026 report: pre-planning application only as of quarter-end.
- September 2026: No formal permit application submitted, per the City of Reno.
- Site plan, formal permit, construction start, opening: TBD.
Who is in
Costco is the only user named in our reporting to date. The Reno Gazette-Journal has reported a larger retail center planned for the corner, per our July permit watch; we will list its tenants here when a site plan is filed.
What it means for tenants, owners, and investors
Tenants. Do not sign a lease near this corner on the assumption Costco is coming; there is no permit. If a site plan is filed, Ian Cochran's expectation from our June guide stands: every pad and inline space within a mile becomes more valuable, meaning dearer. South Reno vacancy was near 1.5% per our Q2 2026 report, with Class A second-generation inline space at $2.00 to $2.35 per square foot per month and new construction needing $4.00 or more to pencil. Take good existing space now.
Owners. If you own retail between The Summit and Mt. Rose Highway, this filing and Ladera are the two catalysts that would reprice your corridor, and in Ian Cochran's experience corridors reprice before their catalysts open. Do not price on it yet, but know your number before a site plan lands; our sell-or-hold guide walks through the math.
Investors. Land and pads around a Costco at the pre-application stage are an entitlement play; the underwriting firms up once a site plan is filed. The Federal Reserve's September 16 hike to 3.75% to 4.00%, per CNBC, raises the cost of any new center at this corner and favors product already built. Stabilized multi-tenant Reno retail has traded near 6.0% to 6.5% cap rates, per our Q2 2026 report. The realistic play is off-market South Reno product bought on current income, with the corner as upside you did not pay for.
Sources
- City of Reno planning filings (pre-application; via our June 2026 pipeline guide)
- City of Reno permit status statements (July and September 2026)
- Reno Gazette-Journal (larger retail center report, cited July 2026)
- Our Q1 2026 market report (June 2026)
- Our Q2 2026 market report (August 2026)
- NVBEX (Ladera master plan approval on July 22, 2026; cited in our fall 2026 tracker update)
- CNBC (Federal Reserve rate decision, September 2026)
Sources
- City of Reno planning filings (via our June 2026 pipeline guide)
- City of Reno permit status statements (July and September 2026)
- Reno Gazette-Journal (cited July 2026)
- Our Q1 2026 market report (June 2026)
- Our Q2 2026 market report (August 2026)
- NVBEX (via our fall 2026 tracker update)
- CNBC (September 2026)
Project details come from public filings and news reports and may change. Confirm status, timing, and availability with the developer or the listing broker before relying on them.
Looking for space near Costco South Reno (proposed)?
Tell Ian about your business and preferred location. He can help investigate current availability and compare nearby options; this project page is not a listing or a promise of available space.
- Start with your name and email. Add your concept or timing if you know it.
- Ian can help compare locations and investigate current space options.
- Brokerage relationships, availability and any fees will be discussed directly with you.
Ian Cochran, CCIM
Partner, LOGIC Commercial Real Estate
Brokerage services provided by LOGIC Commercial Real Estate, NV Lic# B.145434.LLC. LOGIC leases some of the properties tracked here; I will disclose any landlord relationship up front.
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