The Market and Olive development is located on the western edge of University City at the intersection of Olive Boulevard and I-170. The entire development consists of approximately 50-acres along both the south and north sides of Olive Boulevard, bordered by I-170 on the west and McKnight/Woodson Road on the east. The estimated $211-million Market at Olive development is designed to accommodate a potential mix of retail, restaurants, apartments, offices and hospitality.
The first phase of the Market at Olive will include development of an anchor, a 160,430-sq.-ft. Costco Wholesale store, on the north side of Olive Boulevard, east of I-170.
This development does include the use of tax increment financing (TIF) to help pay project costs including land acquisition, site work, and infrastructure improvements to improve the quality of housing, streets, landscaping, lighting, safety and enhance the overall quality of life in the designated area. More information about the TIF process is available by visiting the Olive and 170 TIF webpage.