Popular Wholesale Chain To Add MD Store

SILVER SPRING, MD — In Maryland's Montgomery County, a popular wholesaler is expanding its footprint.

The Viva White Oak development secured the Costco wholesaler as part of its anchor store, the agency confirmed in a press release.

Baltimore-based developer MCB Real Estate is behind the Viva White Oak project, a planned 280-acre, mixed-use district that is anticipated to create over 17,000 construction jobs over its lifespan.

“VIVA White Oak is positioned to become the region’s premier retail destination, anchored by brands that move markets,” said MCB Principal Drew Gorman.

“This announcement shows that national retailers and regional anchors, and high performing restaurants know the value of this location and that this project is a smart investment for long-term value.”

Costco's partnership with the development will mark the store brand's third location within Montgomery County, with locations already established in the Gaithersburg and Wheaton areas.

The Viva White Oak development is adjacent to the headquarters of the U.S. Food and Drug Administration and the Adventist HealthCare White Oak Medical Center.

The announcement comes after the long-planned development received unanimous backing from the Montgomery County Council for its first tax increment financing agreement with MCB Real Estate.

The resolution allows the developer to use future property tax revenues to fund the construction.

While the development remains in its early stages, a full buildout of the project is not expected until 2043.

MCB Real Estate estimates the project will generate $62 million in annual revenues for the county, of which $33 million will come in its first phase.

Patch has reached out to MCB Real Estate and Costco for comment about the partnership but has not yet received a response.