PORT ST. LUCIE, Fla. (CBS12) — Port St. Lucie leaders are scheduled to vote Monday at noon on a land deal tied to a potential Costco retail store in the fast-growing Southern Grove area.

The Port St. Lucie Governmental Finance Corporation is meeting at noon at City Hall to consider a purchase and sale agreement between the city and Costco Wholesale Corporation.

According to city agenda documents, the agreement would allow Costco to purchase about 22.8 acres of land in Southern Grove, located on Lot 2 of Southern Grove Plat 45.

If approved, the agreement would allow Costco to proceed with development plans for the site.

The vote comes as Costco is already building a major distribution depot in Port St. Lucie, a project expected to bring more than 500 jobs to the area.

The Port St. Lucie Governmental Finance Corporation, made up of the city’s five council members, oversees certain city property transactions and financing matters.

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Monday’s vote would authorize the corporation’s president or CEO to enter into and execute the purchase and sale agreement with Costco.

City leaders say the deal would mark another step forward in bringing a Costco presence to Port St. Lucie as the city continues to grow.

Right now, the closest Costco for Port St. Lucie shoppers is about 20 miles away in Stuart, where the Treasure Coast’s first Costco opened in 2025 on South Kanner Highway.

CBS12 News will update this story following the vote.