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The Colony OKs 31‑acre land conveyance to LMG Ventures for Costco project in Grandscape area
Summary
City council approved a special warranty deed conveying roughly 31.34 acres from the Colony Local Development Corporation to LMG Ventures LLC to enable a planned Costco site; staff said the transfer will be recorded immediately and Costco could take possession Nov. 13 to begin work subject to easements and utilities.
The Colony City Council voted to approve a grant by special warranty deed conveying about 1,365,123 square feet (about 31.3389 acres) from the Colony Local Development Corporation to LMG Ventures LLC to facilitate a planned Costco wholesale store in the Grandscape area.
Jeremy Marino, who presented the item, said the goal is to record the transfer promptly so the parcel “will be…
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