The McKinney City Council approved a rezoning request April 5 that allows for commercial retail development at the northeast corner of Hardin Boulevard and US 380.

The site, which previously allowed residential development, could soon be home to Costco and several other box retailers, according to site developers. The item will have to come before council for an official vote and city officials said that could take place as early as the April 19 meeting.

The city is pushing for more retail developments by conducting large annexations for land reserved for retail sites and by contracting with The Retail Coach to help grow McKinney’s retail sector. According to a study done by the group, the city is losing more than $3 billion in retail sales each year to surrounding cities because of a lack of retail opportunities in McKinney.

According to the study, the city of McKinney has the potential for more than $5.76 billion worth of annual retail sales. Right now, the city is averaging roughly $2.69 billion a year.
Read more about the city's efforts to bring in retail here.